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State Requirements - Tennessee

2006 TN SB 3741 / TN HB 3753

Authorization:
2006 TN SB3741/HB3753 - 6/2/2006 Signed by Governor Tennessee Code Annotated, Section 49-6-1205 - This bill requires a program of instruction on financial literacy within courses currently offered in public high schools. to include, among other things, instructions on balancing a checkbook, completing a loan application, managing debt, savings, and investing. This bill requires the department to incorporate the elements of the financial literacy program into high school learning standards. AMENDMENT #1 requires that the program of instruction for the public high schools on the essentials of the free enterprise system include elements of personal finance and financial literacy that, as a minimum, would include instruction on earning an income, money management, spending and credit, and saving and investing. Specifies that successful participation in a 1/2-unit course on personal finance makes the student eligible for the 1/2-unit of credit for instruction on the essentials of the free-enterprise system.

Curriculum:
New state graduation requirement in 2009/ 2010 - The Social Studies Curriculum Standards include the Process Standards, Content Standards, Learning Expectations and Accomplishments necessary to insure that K-12 Tennessee students develop the social studies skills needed to succeed in school, in the workplace, and in their lives. The foundation of the curriculum standards includes the four process standards: communication, data analysis, historical awareness, and acquiring information and six content standards: culture, economics, geography, government and civics, history, and individuals, groups, and interactions. Personal Finance is a course designed to inform students how individual choices directly influence occupational goals and future earnings potential. Real world topics covered will include income, money management, spending and credit, as well as saving and investing.

Status Description:
A Personal Finance stand alone course which confers a .5 credit Required for High School Graduation to be implemented in 2009-2010.

Resources:
  HB 3753 BILL
  HB 3741 BILL
  Board of Education High School Transition Policy, Rule
  Graduation Requirements
  Personal Finance Course Description