Bill: SB 5100 — 2017
Requiring live financial literacy seminars for students at institutions of higher education (Bailey, Wilson, Angel)
Requires each institution of higher education, in consultation with the office of student financial assistance, to take reasonable steps to ensure that the institution presents, and each incoming student participates in, a live financial literacy seminar.
EFFECT OF CHANGES MADE BY WAYS & MEANS COMMITTEE (First Substitute):
-Removes the requirement that the financial literacy seminars must be “live.”
-Removes the Student Achievement Council’s role as consultant to the higher education institutions.
-Adds a subject to appropriation provision to the financial literacy seminar requirement.
EFFECT OF HOUSE STRIKER AMENDMENT:
• Requires the financial education workshop to include recommendations by the Financial Education Public-Private Partnership (FEPPP).
• Adds that the financial education curriculum must meet the needs of a diverse group of students, and that students providing their perspectives may be trained by the FEPPP.
• Changes "financial literacy" to either "personal finance" or "financial education."
Hearing Date: Saturday, April 01, 2017 -- 9:00 am
WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=5100&Year=2017 (opens a new browser tab)
|Financial Aid||Governor Signature||2017-04-01|