HB1694: Personal Financial Education

~ Oklahoma Coalition for Affordable Housing

Governor Mary Fallin signed legislation to update our personal finance education mandate. We are thrilled and so thankful for how this will help our teachers and students

Here are a few highlights of HB1694 on personal financial education:

  • Adds an area of instruction regarding understanding the FAFSA and student loans to address the student loan crisis
  • $0.22 of every deferred deposit loan will go into a fund to support professional development for teachers in financial education. Another $.08 will support consumer credit counseling services. Lenders are prohibited from including payments in the fees and charges of customers.
  • Teachers who are assigned to teach personal finance shall complete professional development.
  • In order to deliver high-quality consistent personal financial literacy instruction, school districts shall to the extent possible assign the responsibility for teaching personal financial literacy to the same teacher or teachers on a continuing basis.

Published by Oklahoma Coalition for Affordable Housing

The vision of OCAH: That all Oklahomans have the opportunity to live in safe, healthy and affordable homes. Our Mission: To lead the movement to ensure that all residents of the state of Oklahoma flourish in safe, affordable homes and to help communities develop safe and affordable housing options for all of their residents. We reach our mission through advocacy, education and practical training to foster the production and maintenance of affordable housing throughout the state.

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