HB 25-1192

  • Colorado House Bill
  • 2025 Regular Session
  • Introduced in House Apr 29, 2025
  • Passed House Apr 28, 2025
  • Passed Senate May 06, 2025
  • Signed by Governor May 23, 2025

Financial Literacy Graduation Requirement

Abstract

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.)

Bill Sponsors (40)

Votes


Actions


May 23, 2025

Office of the Governor

Governor Signed

May 16, 2025

Office of the Governor

Sent to the Governor

Senate

Signed by the President of the Senate

House

Signed by the Speaker of the House

May 07, 2025

House

House Considered Senate Amendments - Result was to Concur - Repass

May 06, 2025

House

House Considered Senate Amendments - Result was to Laid Over Daily

Senate

Senate Third Reading Passed - No Amendments

May 05, 2025

Senate

Senate Second Reading Special Order - Passed with Amendments - Committee

Senate

Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Senate Committee of the Whole Appropriations

Senate

Senate Committee on Education Refer Amended to Appropriations

  • Referral-Committee
Appropriations Education

Apr 30, 2025

Senate

Senate Committee on Education Lay Over Unamended - Amendment(s) Failed

Education

Apr 29, 2025

Senate

Introduced In Senate - Assigned to Education

  • Introduction
Education

Apr 28, 2025

House

House Third Reading Passed - No Amendments

Apr 25, 2025

House

House Second Reading Special Order - Passed with Amendments - Committee

House

House Committee on Appropriations Refer Amended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Appropriations

Mar 06, 2025

House

House Committee on Education Refer Amended to Appropriations

  • Referral-Committee
Appropriations Education

Feb 10, 2025

House

Introduced In House - Assigned to Education

  • Introduction
Education

Bill Text

Bill Text Versions Format
Signed Act (05/23/2025) PDF
Final Act (05/16/2025) PDF
Rerevised (05/06/2025) PDF
Revised (05/05/2025) PDF
Reengrossed (04/28/2025) PDF
Engrossed (04/25/2025) PDF
Introduced (02/10/2025) PDF
PA3 (05/05/2025) PDF
PA2 (04/25/2025) PDF
PA1 (03/10/2025) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (04/24/2025) PDF
Fiscal Note FN1 (03/04/2025) PDF
Fiscal Note MEMO1 (03/11/2025) PDF
Fiscal Note FN2 (04/23/2025) PDF
Fiscal Note FN3 (04/30/2025) PDF
Fiscal Note FN4 (05/05/2025) PDF
Fiscal Note FN5 (07/31/2025) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.