Sec. 19. (a) Each school corporation, charter school, and state accredited nonpublic school shall include in its curriculum for students enrolled in grade 8, 9, 10, 11, or 12 instruction concerning personal financial responsibility.

     (b) A school corporation, a charter school, and a state accredited nonpublic school must meet the requirements of subsection (a) by providing instruction on personal financial responsibility as a separate subject that addresses the following content areas:

(1) Basic principles of:

(A) money management, such as:

(i) spending and saving;

(ii) types of bank accounts;

(iii) opening and managing a bank account; and

(iv) assessing the quality of a depository institution’s services;

(B) debt management;

(C) receiving an inheritance and related implications;

(D) savings, retirement, and investment accounts;

(E) federal and state income tax returns; and

(F) local tax assessments.

(2) Personal insurance policies.

(3) Loan applications.

(4) Interest rate computations.

(5) Credit and credit scores.

(6) Simple contracts.

     (c) The state board shall adopt a curriculum that ensures personal financial responsibility is taught:

(1) in accordance with the requirements of subsection (b); and

(2) as a separate subject;

as determined by the state board.

     (d) This subsection applies to an individual who is a student in a cohort that is expected to graduate in 2028 or thereafter from a school described in subsection (a). Beginning in 2028, an individual to whom this subsection applies must successfully complete instruction on personal financial responsibility, as described in subsection (b), as a separate subject to be eligible to graduate from high school.

     (e) The state board may allow a personal financial responsibility course described in this section to satisfy one (1) or more diploma course or competency requirements.

As added by P.L.154-2009, SEC.2. Amended by P.L.92-2020, SEC.58; P.L.168-2023, SEC.1; P.L.150-2024, SEC.31.