Michigan's new law requires a half-credit course
Michigan's legislation requires that all high school students take a half-credit course in personal finance before they graduate. That course can count as a math, arts, language or language other than English requirement at the discretion of local school boards.Michigan's House first passed the legislation in December with a 57-43 vote. It was amended and sent to the Senate, where it passed in May.
The legislation was supported by the Michigan Bankers Association, Michigan Credit Union League and the Michigan Council for Economic Education. In addition, two of the largest school districts in the state, Oakland Schools and the Wayne County Regional Educational Service Agency, supported the bill.