Okla. Stat. tit. 70, § 70-11-103.6h

instruction - Graduation requirement - Duties of Department of

Education - Transfer students.

A. Personal financial literacy education shall be taught in the

public schools of this state. Personal financial literacy education

shall include, but is not limited to, the following areas of

instruction:

1. Understanding interest, credit card debt, and online

commerce;

2. Rights and responsibilities of renting or buying a home

including:

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a. down payments, mortgage payments, and variable and

fixed interest rates,

b. various types of mortgage loans, and

c. escrow;

3. Savings and investing;

4. Planning for retirement including individual retirement

accounts (IRAs), plans established under Section 401(k) of the

Internal Revenue Code of 1986, as amended, and other avenues for

saving and investing for retirement;

5. Bankruptcy;

6. Banking and financial services;

7. Managing a bank account including online banking features;

8. Understanding credit scores, credit reports, and what

factors affect an individual's credit score;

9. Understanding the Free Application for Federal Student Aid

(FAFSA), loans and borrowing money, including predatory lending and

payday loans;

10. Understanding insurance;

11. Identity fraud and theft;

12. Charitable giving;

13. Understanding the financial impact and consequences of

gambling;

14. Earning an income; and

15. Understanding state and federal income taxes.

B. Beginning with students entering the ninth grade in the

2025-2026 school year, in order to graduate from a public high

school accredited by the State Board of Education with a standard

diploma, students shall fulfill the requirement by satisfactorily

completing a personal financial literacy course or coursework

containing the areas of instruction for personal financial literacy

as provided in subsection A of this section during the tenth,

eleventh, or twelfth grade.

C. Personal financial literacy instruction shall be integrated

into one or more existing courses of study or provided in a one-half

(1/2) unit personal financial literacy course. School districts may

integrate or embed personal financial literacy instruction within

one or more courses offered by the district to be counted toward

meeting the graduation requirements of this section. Courses

offered at a technology center school through an agreement between

the school district and the Oklahoma Department of Career and

Technology Education which integrate or embed personal financial

literacy may, upon the approval of the Board, be counted toward

meeting the graduation requirements of this section. School

districts shall have the option of determining if a separate, one-

half (1/2) unit personal financial literacy course will be offered

as an elective, in addition to any courses offered by the school

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district or a partnering technology center school which integrate or

embed the required personal financial literacy instruction.

D. Students with the most significant cognitive disabilities

(MSCD) who have an Individualized Education Program (IEP) that

directs that the student is to be assessed with alternate

achievements standards through the Oklahoma Alternative Assessment

Program may demonstrate satisfactory knowledge in each area of

instruction listed in subsection A of this section upon a

determination, supported by documentation, by the school district

that the student has met the following criteria:

1. Receives substantive and substantial instruction in life-

skills curriculum; and

2. Demonstrates the acquired knowledge of the student with MSCD

by alternate measures as required by the IEP.

E. The State Board of Education shall identify and adopt

curriculum standards for personal financial literacy instruction

that reflect the areas of instruction listed in subsection A of this
riteria:

1. Receives substantive and substantial instruction in life-

skills curriculum; and

2. Demonstrates the acquired knowledge of the student with MSCD

by alternate measures as required by the IEP.

E. The State Board of Education shall identify and adopt

curriculum standards for personal financial literacy instruction

that reflect the areas of instruction listed in subsection A of this

section. The standards shall be incorporated into the state

academic content standards adopted by the Board pursuant to Section

11-103.6 of this title.

F. The State Department of Education shall:

1. Develop guidelines and material designed to enable schools

to offer personal financial literacy as a separate course and shall

develop guidelines and material designed to enable schools

flexibility to integrate personal financial literacy within

coursework as determined by the school district. The guidelines

shall outline the areas of instruction to be taught based on the

curriculum standards adopted by the Board;

2. Develop professional development programs that are designed

to help teachers provide instruction in personal financial literacy.

Development programs shall be designed to help teachers provide

instruction through a separate personal financial literacy course.

Professional development shall additionally be designed for teachers

embedding personal financial literacy within their existing subject

matter. Development of a bridge program designed for teachers

seeking to transition from embedded instruction to a separate

personal financial literacy course shall be developed;

3. Provide resources to assist schools in developing a separate

personal financial literacy course and resources for schools seeking

to offer a separate personal financial literacy course. The

Department shall provide support to schools seeking to determine the

most appropriate coursework when embedded instruction is necessary;

4. Provide and identify resources designed to enable students

identified as English language learners and students with specific

learning disabilities or individual educational needs to understand

and use the personal financial literacy information presented; and

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5. Utilize funds deposited into the Personal Financial Literacy

Education Revolving Fund created in Section 11-103.6h-1 of this

title for the purpose of and to fund the Passport to Financial

Literacy Act. Such funds may be used for developing and providing

guidelines, materials and resources for personal financial literacy

for students and teachers including, but not limited to, online

curricula, training and professional development for teachers in the

area of personal financial literacy as required in this subsection.

The Department may use such funds to work in conjunction with one or

more Oklahoma-based not-for-profit organizations that have proven

expertise in the development of standards and curricula as well as

delivery of teacher professional development in personal financial

literacy. The Department may work with these organizations for the

purposes of developing personal financial literacy standards,

curricula, and guidelines; providing materials and resources; and

development of professional teacher learning programs.

G. 1. For students who transfer into an Oklahoma school

district from out of state after the tenth grade, school districts

shall assess the knowledge of the student in each of the areas of

instruction listed in subsection A of this section. If the school

district determines that the transferred student has successfully

completed instruction in the areas of personal financial literacy

instruction at a previous school in which the student was enrolled

or if the student demonstrates satisfactory knowledge of the areas

of personal financial literacy instruction through an assessment,

the school district may exempt the student from completing
ool

district determines that the transferred student has successfully

completed instruction in the areas of personal financial literacy

instruction at a previous school in which the student was enrolled

or if the student demonstrates satisfactory knowledge of the areas

of personal financial literacy instruction through an assessment,

the school district may exempt the student from completing

instruction in personal financial literacy. School districts may

use the assessment developed and provided by the State Department of

Education or the Department of Career and Technology Education as

approved by the Board. School districts may develop personal

financial literacy assessments for transfer students as provided in

this subsection.

2. For students who transfer into an Oklahoma school district

from out of state during or after their junior year of high school,

school districts may make an exception to the requirements for a

personal financial literacy course pursuant to the provisions of

Section 11-103.6 of this title. School districts shall still

encourage completion of instruction in personal financial literacy.

H. The State Textbook Committee created in Section 16-101 of

this title may, when selecting textbooks for mathematics, economics,

or similar courses, select those textbooks which contain substantive

provisions on personal finance.

I. School districts may assign the responsibility for teaching

personal financial literacy to teachers with secondary education

certifications closely related to agricultural education, business

and information technology, economics, family and consumer sciences,

history and social studies, marketing, or mathematics. Upon request

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of a school district, the State Department of Education may review a

teacher's certification to determine qualifications under this

subsection. School districts may assign the responsibility for

teaching personal financial literacy to one teacher or group of

teachers with appropriate qualifications on a continuing basis.

J. Beginning with the 2020-2021 school year, all teachers who

are assigned the responsibility for teaching personal financial

literacy shall complete ongoing professional development training in

the areas of personal financial literacy instruction in accordance

with guidelines established by the State Department of Education.