The Kansas House of Representatives passed a bill March 19 that will require schools to teach financial literacy.

The Kansas House of Representatives passed a bill March 19 that will require schools to teach financial literacy.
The bill, HB 2475, is currently in the Senate Committee on Education. Topics that would be required teaching include saving and interest, investments, debt and credit and money management throughout all grade levels, with the state board of education responsible for developing new curriculum.
Moundridge High School offers a personal finance class, which is not currently required. Chad Higgins, superintendent, said the course’s teacher, Lynn Eichelberger, addressed the Moundridge Board of Education in February to make the class a graduation requirement.
Higgins said the district hopes to make it required or strongly encouraged in the near future, but that doing so would have some challenges.
“The difficulty in adding courses often times means either adding staff or giving up something else valuable in the course offering schedule,” Higgins said.
Higgins said Eichelberger has taken steps to make the requirement more manageable, such as writing and receiving a grant for $5,000 worth of new materials.
For Smoky Valley School District, these areas are covered in a class titled “Banking and Finance,” which is required for all sophomore students.
Glen Suppes, superintendent, said the class covers the power of saving early, purchasing power and other topics relevant to money management.
“There’s a wide range of things about real-world money management,” Suppes said.
Higgins said while he believes financial literacy is an important topic, including it with all the other requirements could be difficult.
Higgins said the challenges are fitting the class into tight schedules with limited staffing, long-term cost and covering all required materials.