LANSING, Mich. (AP) – A bill going to Gov. Rick Snyder’s desk would let students meet a high school graduation requirement by completing a financial literacy course.
Students now must pass a half-credit economics requirement to graduate. The legislation approved unanimously by the Senate Thursday would let the credit requirement be satisfied by completion of a personal economics class that includes a financial literacy component.
The school code already allows a course in financial literacy to substitute for one math class.
But supporters say the legislation would give educators more flexibility and help students better understand the relation of taxation, debt, inflation, the stock market and banking to their own lives.