Advocates say that only 3 percent of foster kids who age-out of the system complete a post-secondary degree.
The total balance of student debt has nearly tripled in the last decade. Universities are taking on some responsibility by offering financial literacy programs.
The bill would encourage schools to teach financial literacy skills such as investing, balancing a checkbook and applying for loans.
The Indiana State Teachers Association is partnering with Sen. Brent Waltz to compose legislation that would require financial literacy be taught in schools.
Financial experts are highlighting the importance of parents helping their kids begin saving as early in life as possible.