Last week, California became the 26th state to require high school seniors to pass courses focused on finance literacy, coming behind recently added ethnic studies prerequisite and a health class requirement focused on the dangers of fentanyl use.
The senior class of 2031 will be the first group of students to take the mandatory financial literacy course. California school districts are required to implement Assembly Bill 2927, authored by Assemblymember Kevin McCarty (D-Sacramento), at the beginning of the 2027-2028 academic year.
The bill works hand-in-hand with newly approved Assembly Bill 2429, authored by Assemblymember David Alvarez (D-San Diego). That law requires students to take health classes that discuss the dangers of fentanyl use and illegal drugs commencing in the 2026-2027 school year.
Both bills require high school seniors to complete the designated coursework during any semester between the ninth and 12th grades. High school students in charter schools are also required to complete the state-mandated coursework. Under this law, local educational agencies will impose the required courses using state-mandated local programs.
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