SECTION 1. Section 2 of chapter 71 of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by adding, at the end thereof, the following paragraph: -

A course on personal financial literacy shall be taught to all public high school students in grades 11 or 12 prior to graduation. Said course shall include, but not be limited to, the following subject matter: utilizing checking and savings accounts, obtaining short or long term credit,  securing  a  loan  for high cost items such as a motor vehicle or a home, obtaining and using credit and debit cards, investing  and  saving money, and planning for retirement. The commissioner is directed to recommend model curriculum for said personal financial literacy course, which may include free and online materials.

SECTION 2. Notwithstanding any general or special law to the contrary, public colleges and universities, including community colleges, are encouraged to require the completion of a personal financial literacy course as  a graduation requirement for undergraduate student.