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Committee Hears Broad Support and Implementation Concerns for Bill Making Financial Education a Graduation Requirement
Summary
Senate Bill 58 49 would require Washington high school students to meet state financial education learning standards to graduate, with instruction beginning in 2029–30 and the graduation requirement phased in for the class of 2033; students and nonprofits largely supported the bill while school leaders warned of unfunded mandates and limited instructional time.
A Senate Early Learning & K-12 Education Committee hearing on Senate Bill 58 49 focused on whether Washington should require financial education as a condition of high school graduation.
Elena Becker, committee staff, told the panel the bill would require school districts, charter schools and state tribal education compact schools to provide instruction consistent with the Office of Superintendent of Public Instruction's (OSPI) financial education learning standards and would make meeting those standards a graduation requirement beginning with the class of 2033. Becker said instruction must be offered starting in the 2029–30 school year, the State Board of Education (SBE) is directed to recommend how to incorporate the requirement into existing graduation pathways, principals may waive the requirement for twelfth graders who cannot meet it because of prior out‑of‑state residency, and a fiscal note estimates…
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