Georgia Legislature Passes Bill Mandating High School Personal Finance Education | Polar bear

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Georgia could become the last state to mandate a financial literacy course for high school graduation. Both houses of the state legislature passed a invoice require all high school students to take at least one half-credit financial literacy course before graduation, beginning in the 2024-25 school year. The bill awaits the governor’s signature to become law.

Ray Martinez, president and co-founder of financial literacy education company EverFi mentioned:

It is extremely important that we better prepare young adults as they reflect on the choices they make regarding their college careers,” he said. “Understanding how to save, how to budget, how to manage your finances is a lifelong skill. it can really change the trajectory of your life.

To research shows that students who receive high-quality personal finance education in high school manage their finances better as adults. The new bill, if signed into law, will make Georgia the 12th state in the nation to include financial literacy as a mandatory requirement for graduation. Currently, 47 states include personal finance in their high school curriculum.

Proponents of the new bill say it’s important for students to educate themselves about personal finances, especially before taking out student loans. In Georgia, student loan debt is among the highest in the country, averaging around $42,000.

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