course Sec. 19. (a) Each school corporation, charter school, and state accredited nonpublic school shall include in its curriculum for all high school students 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 requirements. As added by P.L.154-2009, SEC.2. Amended by P.L.92-2020, SEC.58; P.L.168-2023, SEC.1.