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Michigan Students Need to Pass Personal Finance Class Under New Bill

The government has introduced a new bill that mandates the finance qualification for students. The changes will include sessions on how to earn and spend money. The committee was set up to review the scenarios related to the education of students. The students will learn different financial skills as a part of the financial qualification.

Michigan Students

The government thinks that financial literacy is an essential component in students’ education. Students need to add a different dimension to their learning. “ students in public and charter high school currently must take a course in economics, which can be substituted with a personal finance class. Farrington’s bill would remove the option and require both an economic and personal finance course.” Reported NBC.

Massive Impact on the Learning of Students 

If the bill is approved, the students will witness a significant change in their academic curriculum. The new set of rules will add a different dimension to the learning of students. The bill will be a crucial factor in changing the conventional approach followed by students, teachers, and educational institutions.

The legal authorities in Michigan have suggested a change in the old school syllabus and teaching pattern. Republican state Rep Diana Farrington said, “Michigan schools must prepare students for success after graduation. Personal finance is one of life’s most important responsibilities as graduates move into adulthood, but our curriculum has neglected to prepare our young people to manage their resources wisely.”

Schools Across the US Will Experience Significant Change in the Academic Model

The introduction of a mandatory finance qualification will force the school authorities to reduce a subject to manage the structure of the syllabus. The school authorities have suggested a reduction in one of the subjects other than English.

After the bill is passed, it will result in a complete revamp in educational models followed by different schools across the country. A set of challenges await students soon, as the bill is likely to be passed by The House Committee on Education. The bill has to be given in the house in front of its full strength.

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