Senate Passes Wilson Bill to Improve Students' Financial Literacy
May 12, 2021
Steve Wilson News
COLUMBUS—State Senator Steve Wilson (R-Maineville) today announced the passage of Senate Bill 1, priority legislation to better educate high school students on financial literacy, equipping them with the basic financial skills to be successful in life.
"When students graduate high school, a strong understanding of personal finance is one of the most important skills they can have to make decisions that will set them up for success for the rest of their life," said Senator Wilson. "How to take out a loan, whether for a first home or college, how to file taxes, avoid credit card debt, and how to balance a budget, are among many other financial skills that are needed to secure long-term financial security, and this bill ensures our students are prepared."
Specifically, Senate Bill 1 would require high school students to take a one half credit course specifically devoted to financial literacy.
The legislation would also require teachers to obtain a license validation in order to teach financial literacy, ensuring the curriculum is consistent and teaching best practices. These two requirements aim to provide a stronger uniformity to Ohio’s educational standards. Senate Bill 1 will now go to the Ohio House of Representatives for further consideration.
"When students graduate high school, a strong understanding of personal finance is one of the most important skills they can have to make decisions that will set them up for success for the rest of their life," said Senator Wilson. "How to take out a loan, whether for a first home or college, how to file taxes, avoid credit card debt, and how to balance a budget, are among many other financial skills that are needed to secure long-term financial security, and this bill ensures our students are prepared."
Specifically, Senate Bill 1 would require high school students to take a one half credit course specifically devoted to financial literacy.
The legislation would also require teachers to obtain a license validation in order to teach financial literacy, ensuring the curriculum is consistent and teaching best practices. These two requirements aim to provide a stronger uniformity to Ohio’s educational standards. Senate Bill 1 will now go to the Ohio House of Representatives for further consideration.