| Vote Recommendation | Economic Freedom | Property Rights | Personal Responsibility | Limited Government | Individual Liberty |
|---|---|---|---|---|---|
| Yes | Neutral | Neutral | Positive | Neutral | Neutral |
Relating to personal financial literacy courses for high school students in public schools.
No significant fiscal implication to the State is anticipated.
HB 1182 would require every public high school to include in their curriculum requirements a personal financial literacy. This could be offered as its own course, included as a part of a current course, or as an elective. Current law requires that financial literacy courses be offered as an elective. This instruction would be required to include the financial consequences of not making timely student loan payments, the effect of student loan debt on personal finances, and the circumstances in which student loans are dischargeable in bankruptcy. This bill also lowers the required amount of elective credits from five credits to four and a half credits.
Texas Action recommends supporting HB 1182 because it promotes personal responsibility. Teaching high school students financial literacy could positively impact their future financial decisions and better prepare them for an important aspect of their adult lives.