The Indiana State Teachers Association is partnering with a Republican state senator to write legislation that would require financial literacy be taught in Indiana public schools.
State Senator Brent Waltz and the ISTA are working together on a proposal that aims to implement financial literacy coursework for grades K-12 in Indiana schools.
The legislation would establish a task force, which would then develop a financial literacy curriculum. Waltz says students need to learn the practical financial skills that are necessary in today’s society.
“Examples would be talking about the sub-prime mortgages, talking about credit card debt, student loans, balancing your checkbook,” he says. “These are things that are not really taught in the classroom, but they have a tremendous impact on a student’s life when they become adults.”
The political action arm of ISTA endorsed Waltz over his Democratic challenger, Mary Ann Sullivan, in Waltz’s re-election bid this year.
ISTA President Nate Schnellenberger says while the ISTA has historically supported Democrats, his organization has a long standing policy of endorsing candidates that support public education, regardless of their party.
“No candidate is perfect,” he says. “Every candidate, republican or democrat – none of them agree with us 100 percent of the time on everything. My wife and I have been married for 37 years, but I’m sure there are some things about me that she doesn’t really like.”
Waltz is working with the ISTA to finalize the bill’s legislation, which, if re-elected, he will propose next year.