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HB 25-1192 CO
Became Law

Financial Literacy Graduation Requirement

CO · session 2025A · Assembly / House · bill

A state bill is a proposed law in a state legislature — separate from the U.S. Congress. Learn more →

Introduced Feb 10, 2025

Latest action (May 23, 2025) Introduced In House - Assigned to Education

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)

36 coauthors / cosponsors

Action history (17)

  1. May 23, 2025 Governor Signed · executive
  2. May 16, 2025 Sent to the Governor · executive
  3. May 16, 2025 Signed by the President of the Senate · upper
  4. May 16, 2025 Signed by the Speaker of the House · lower
  5. May 7, 2025 House Considered Senate Amendments - Result was to Concur - Repass · lower
  6. May 6, 2025 House Considered Senate Amendments - Result was to Laid Over Daily · lower
  7. May 6, 2025 Senate Third Reading Passed - No Amendments · upper
  8. May 5, 2025 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
  9. May 5, 2025 Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole · upper
  10. May 5, 2025 Senate Committee on Education Refer Amended to Appropriations · upper
  11. Apr 30, 2025 Senate Committee on Education Lay Over Unamended - Amendment(s) Failed · upper
  12. Apr 29, 2025 Introduced In Senate - Assigned to Education · upper
  13. Apr 28, 2025 House Third Reading Passed - No Amendments · lower
  14. Apr 25, 2025 House Second Reading Special Order - Passed with Amendments - Committee · lower
  15. Apr 25, 2025 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
  16. Mar 6, 2025 House Committee on Education Refer Amended to Appropriations · lower
  17. Feb 10, 2025 Introduced In House - Assigned to Education · lower

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