Connecticut Senate Bill SB00035

Connecticut 2015 Regular Session

• Introduced: 1/12/15
• Refer: 1/12/15

Caption

An Act Concerning The Addition Of A Course On Mortgage Lending And Personal Debt To The High School Graduation Requirements.

Impact

If enacted, SB00035 would reshape the educational framework in public high schools across the state, ensuring that students receive essential knowledge about navigating personal finances, with particular emphasis on understanding mortgage processes and the implications of accruing personal debt. This educational reform could enhance financial literacy levels among recent graduates, equipping them with tools to make informed financial decisions as adults.

Summary

SB00035 is a proposed bill introduced by Senator Frantz that seeks to amend existing state statutes to incorporate financial education into the high school curriculum. Specifically, the bill mandates the addition of a course focused on mortgage lending and personal debt management as part of the public high school graduation requirements. This legislation is rooted in the need to prepare students for real-world financial responsibilities and decision-making related to credit and debt management.

Contention

While the bill generally enjoys support from educational advocates who recognize the importance of financial literacy, there may be concerns regarding its implementation. Critics may argue about the adequacy of resources and training necessary for educators to effectively teach this new course. Additionally, there can be discussions around whether the state should mandate such educational components or allow school districts to determine their curriculum based on local needs and priorities.