New requirement would make students learn finance

New requirement would make students learn finance

Do high school students need to take a personal finance course to graduate in South Carolina? It may soon become a requirement.

COLUMBIA, SC — After a unanimous vote for Ordinance 43-234, a mandatory personal finance course for high school students came one step closer to reality.
The proposal, which came before the State Board of Education on Wednesday, would make the class a new graduation requirement for students in Palmetto state.
It would mean that students would have to take a financial literacy course before they can hand over their diploma.
David Mathis, the Deputy Superintendent of College and Career Readiness for South Carolina, spoke about the importance of a course like this.
“How do you look at insurance, what kind of insurance do you need? How do you apply for loans and what those interest rates mean. How to save, you know, while earning your paycheck, what should you set aside each month,” Mathis said . “It is a total package of budgeting, saving and investing. But how do you do that? You have to learn that early. And that wouldn’t be all a man needs, but it would certainly give him the background knowledge, the plans they need.”
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