New Alabama law will require students to complete financial literacy course

Alabama high school students will soon learn the importance of money management thanks to a bill that was just signed by Governor Kay Ivey.

House Bill 164 lays the groundwork for high school students to learn how to effectively use and manage their money. Starting in the 2024-2025 school year, high school students will be required to complete a financial literacy course to graduate.

Bill sponsor State Representative Andy Whitt said his goal is simple.

“My main goal here is that is that our students that are entering into college can balance a checkbook and understand the difference between a credit card and a debit card,” Whitt said.