Public High Schools – Financial Literacy – Curriculum, Graduation Requirement, and Professional Development
Beginning with the 2026-2027 school year, every county board will be required to implement this financial literacy curriculum in all public high schools. Furthermore, students graduating in 2030 and thereafter will need to complete this course, or an approved personal finance course from a community college, as a condition for their high school graduation. This legislative mandate is expected to improve students' preparedness for managing personal finances in adulthood, addressing a significant gap in education regarding essential life skills.
Senate Bill 238 seeks to enhance financial literacy among Maryland high school students by mandating the development and implementation of a dedicated financial literacy curriculum for public schools. The bill outlines that the State Board of Education, in collaboration with the Maryland Council on Economic Education, is responsible for creating a one-semester, half-credit financial literacy course. This curriculum will cover a variety of essential topics, including budgeting, establishing credit, savings, investing, and financial decision-making.
While supporters of SB238 emphasize the importance of equipping young people with essential life skills related to financial management, there may be concerns regarding the logistical challenges of curriculum implementation and teacher training. The bill mandates that teachers involved in this new curriculum must undergo professional development, ensuring they are well-prepared to effectively teach financial literacy. However, some may argue about the allocation of resources and time within an already packed school curriculum, which could lead to debates about how to integrate this vital subject without overburdening students and educators.