Starting in the 2026-2027 school year, public schools in Hawaii will be required to implement a financial literacy curriculum. This curriculum will include crucial topics such as the true cost of credit, credit management, and planning for postsecondary education. Importantly, students in grades nine through twelve will be required to complete a half-credit course in financial literacy to graduate. The Department of Education will take on the responsibility of developing and integrating the new curricula across appropriate courses and grade levels.
House Bill 865 introduces significant changes to the education system in Hawaii by mandating the inclusion of financial literacy as part of the curriculum for students in grades kindergarten through twelve. The bill recognizes the critical need for financial education, emphasizing that many students currently lack the necessary skills to manage their finances effectively. This initiative aims to empower Hawaii's youth with essential knowledge regarding money management, credit, debt, and personal financial responsibility, thereby improving their ability to achieve financial stability in the future.
While the intent of HB 865 is to enhance the educational framework in Hawaii, there may be contention surrounding the resources needed for effective implementation. The bill also mandates that the Board of Education provide professional development for teachers who will be delivering this financial literacy instruction. Concerns may arise regarding the adequacy of training programs and whether the current teaching staff is equipped to cover the new financial literacy topics adequately. Additionally, discussions may center on how the curriculum will be assessed and its overall effectiveness once implemented.