2006 IL SB 2191 / Public Act 094-0929
SB 2191 Enrolled - Effective 6/26/2006 - Public Act 094-0929. Pupils in the public schools in grades 9 through 12 shall be taught and be required to study courses which include instruction in the area of consumer education, including but not limited to (i) understanding the basic concepts of financial literacy, including installment purchasing (including credit scoring, managing credit debt, and completing a loan application), budgeting, savings and investing, banking (including balancing a checkbook, opening a deposit account, and the use of interest rates), understanding simple contracts, State and federal income taxes, personal insurance policies, and the comparison of prices, and (ii) an understanding of the roles of consumers interacting with agriculture, business, labor unions and government in formulating and achieving the goals of the mixed free enterprise system.
ILLINOIS STATE HIGH SCHOOL GRADUATION REQUIREMENTS (105 ILCS 5/27-22, 27-22.05, 27-22.10). Each student shall be required to take consumer education for 50 minutes per day for a period of nine weeks in any of grades 9-12, unless he or she has demonstrated proficiency pursuant to the provisions of Section 27-12.1 of the School Code [105 ILCS 5/27-12.1] and Section 1.462 of this Part.
Financial Literacy Topics provided within Consumer Education Curriculum Required for High School Graduation.
Consumer Education Mandates
Social Science / Economics Goal 15
Financial Literacy Resources
SB 2191 BILL / ACT 094-0929
Graduation Requirements Revised 2007
Graduation Requirements FAQ
Graduation Guidance Document
IL SB 2387
Jump$tart Coalition for Personal Financial Literacy