OLYMPIA — Legislation to make financial education a graduation requirement for Washington high school students was heard Tuesday in the Senate Early Learning & K-12 Education Committee.
Senate Bill 5080, sponsored by Sen. Javier Valdez (D-Seattle), aims to equip students with the tools they need to manage their finances and plan for the future.
“Financial literacy is essential for success in today’s world,” Valdez said. “This legislation ensures every student in Washington graduates with the knowledge to manage their money effectively, avoid costly financial mistakes, and build a secure, prosperous life for themselves and their families.”
The bill, requested by state Treasurer Mike Pellicciotti, would require all Washington high schools to offer financial education courses by the 2029-30 school year. Beginning with the graduating class of 2033, students would need to meet financial education standards to earn a diploma.
Currently, Washington is one of the few states that does not require financial education for high school students. SB 5080 seeks to change that by ensuring all students graduate with the skills to navigate an increasingly complex financial world.
Testimony at the hearing came from a diverse range of voices, including high school students, credit unions, and concerned citizens, all emphasizing the importance of financial education in Washington schools.
Follow the bill’s progress here.
