HB 25-1192 CO Became Law
Financial Literacy Graduation Requirement
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Summary
Beginning with the 2027-28 school year, the act requires each individual career and academic plan (ICAP) to include a requirement that, during the student's graduation year, the student has exposure to federal financial aid eligibility tools and net price calculators and practices filling out a free application for federal student aid or the Colorado application for state financial aid, unless the student or student's parent or legal guardian affirmatively declines to practice filling out the application or authorized school personnel determines it is not feasible for the student to practice filling out an application. The act requires each school district board of education to incorporate all the financial literacy standards into a course that is required for high school graduation. The act authorizes the department of education (department) to seek, accept, and expend gifts, grants, or donations for the purpose of supporting educators in implementing a financial literacy course. For the 2025-26 state fiscal year, the act appropriates $210,389 to the department for distribution to school districts to support implementation of a financial literacy course and the ICAP requirement. The act requires the department to distribute money to school districts that do not currently offer a course based on a formula determined by the department, which may include determining eligibility based on attestations from school districts. For the 2025-26 state fiscal year, the act appropriates $9,611 to the department of higher education for use by the Colorado commission on higher education and higher education special purpose programs for administration. (Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Anthony Hartsook Republican · primary
- Jennifer Bacon Democratic · primary
- Jeff Bridges Democratic · primary
- Lisa Frizell Republican · primary
36 coauthors / cosponsors
- S. Bird · cosponsor
- A. Boesenecker Democratic · cosponsor
- J. Caldwell Republican · cosponsor
- S. Camacho Democratic · cosponsor
- M. Carter Democratic · cosponsor
- C. Clifford Democratic · cosponsor
- M. Duran Democratic · cosponsor
- R. English Democratic · cosponsor
- M. Froelich Democratic · cosponsor
- L. Garcia Sander Republican · cosponsor
- L. García Democratic · cosponsor
- L. Gilchrist Democratic · cosponsor
- R. Gonzalez Republican · cosponsor
- J. Jackson Democratic · cosponsor
- J. Joseph Democratic · cosponsor
- M. Lindsay Democratic · cosponsor
- B. Marshall Democratic · cosponsor
- J. McCluskie Democratic · cosponsor
- J. Phillips Democratic · cosponsor
- N. Ricks Democratic · cosponsor
- M. Rutinel Democratic · cosponsor
- M. Soper Republican · cosponsor
- T. Story Democratic · cosponsor
- R. Taggart Republican · cosponsor
- B. Titone Democratic · cosponsor
- A. Valdez Democratic · cosponsor
- J. Willford Democratic · cosponsor
- S. Woodrow Democratic · cosponsor
- L. Cutter Democratic · cosponsor
- T. Exum Democratic · cosponsor
- N. Hinrichsen Democratic · cosponsor
- C. Kipp Democratic · cosponsor
- D. Michaelson Jenet · cosponsor
- K. Wallace Democratic · cosponsor
- M. Weissman Democratic · cosponsor
- F. Winter · cosponsor
Action history (17)
- May 23, 2025 Governor Signed · executive
- May 16, 2025 Sent to the Governor · executive
- May 16, 2025 Signed by the President of the Senate · upper
- May 16, 2025 Signed by the Speaker of the House · lower
- May 7, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
- May 6, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
- May 6, 2025 Senate Third Reading Passed - No Amendments · upper
- May 5, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
- May 5, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
- May 5, 2025 Senate Committee on Education Refer Amended to Appropriations · upper
- Apr 30, 2025 Senate Committee on Education Lay Over Unamended - Amendment(s) Failed · upper
- Apr 29, 2025 Introduced In Senate - Assigned to Education · upper
- Apr 28, 2025 House Third Reading Passed - No Amendments · lower
- Apr 25, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
- Apr 25, 2025 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- Mar 6, 2025 House Committee on Education Refer Amended to Appropriations · lower
- Feb 10, 2025 Introduced In House - Assigned to Education · lower
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