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S3462 • 2026

Requires high school students to receive financial literacy instruction.

Requires high school students to receive financial literacy instruction.

Budget Education
Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Gopal, Vin
Last action
2026-03-02
Official status
Referred to Senate Budget and Appropriations Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires high school students to receive financial literacy instruction.

Requires high school students to receive financial literacy instruction.

What This Bill Does

  • Requires high school students to receive financial literacy instruction.
  • Topic: Budget and Appropriations Fiscal note: This bill has been certified by OLS for a fiscal note.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-03-02 New Jersey Legislature

    Reported from Senate Committee with Amendments, 2nd Reading

  2. 2026-03-02 New Jersey Legislature

    Referred to Senate Budget and Appropriations Committee

  3. 2026-02-09 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Education Committee

Official Summary Text

Requires high school students to receive financial literacy instruction.
Topic:
Budget and Appropriations
Fiscal note:
This bill has been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S3462 1R

[First Reprint]

SENATE, No. 3462

STATE OF NEW JERSEY

222nd LEGISLATURE

�

INTRODUCED FEBRUARY 9, 2026

Sponsored by:

Senator� VIN GOPAL

District 11 (Monmouth)

Senator� ANGELA V. MCKNIGHT

District 31 (Hudson)

Co-Sponsored by:

Senators Corrado, Moriarty, Diegnan, Singleton, Cryan and
Turner

SYNOPSIS

���� Requires high school students to receive financial
literacy instruction.

CURRENT VERSION OF TEXT

���� As reported by the Senate Education Committee on
March 2, 2026, with amendments.

��

An Act

concerning financial literacy, amending
P.L.2018, c.167, and supplementing chapter 7C of Title 18A of the New Jersey
Statutes.�

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.� Section 1 of P.L.2018,
c.167 (C.18A:35-4.34) is amended to read as follows:

���� 1.�
a.
� The State Board
of Education shall require that a school district incorporate
financial
literacy instruction
in
[
each
of the grades six through eight financial literacy instruction to pupils
enrolled in those grades
]

an appropriate place in the curriculum of students enrolled in grades six
through eight
.

����
b.
�
The
State board shall require

1
[
that
]
1

a
school district
1
[
provide
]
1

to
1
provide
1

each
high school student a one semester course, or one trimester course, as
appropriate,

1
exclusively
1

in
financial literacy.����

����
c.
� The purpose of the
middle
school and high school
instruction shall be to provide
[
middle school
]
students with
the basic financial literacy necessary for sound financial decision-making.

���� The instruction shall meet the
requirements established by the State board and shall:

����
[
a.
]

(1)
be appropriate to,
and reflect the age and comprehension of, the students enrolled in the
particular grade level; and

����
[
b.
]

(2)
include content on
budgeting, savings, credit, debt, insurance, investment,
behavioral
economics, banking, consumer skills, taxes, college financial planning,
accounting,
and other issues associated with personal financial
responsibility as determined by the State board.

����
Instruction that
principally addresses economic, business, and entrepreneurial literacy shall
not be used to satisfy the financial literacy instruction requirement
established pursuant to this section.�

����
The instruction shall be
taught by a teacher holding an appropriate endorsement.

���� The Commissioner of Education
shall provide school districts with sample instructional materials and
resources that may be used to support the implementation of the financial
literacy instruction requirement.

(cf: P.L.2018, c.167, s.1)

���� 2.� (New section) For a
State-endorsed diploma, district boards of education shall develop, adopt, and
implement local graduation requirements that include a requirement that a high
school student� complete the financial literacy course provided pursuant to
subsection b. of section 1 of P.L.2018, c.167 (C.18A:35-4.34).�

���� 3.� This act shall take effect
immediately and section 2 shall first apply to students entering 12th grade in
the
1
[
2027-2028
]

second
full
1

school year
1
following
the date of enactment
1
.