The House Committee on Education today approved state Rep. Diana Farrington’s plan to require high school students to complete a personal finance course.
“After commencement, high school graduates have limitless opportunities before them,” said Farrington, of Utica. “No matter what the future holds for someone’s education, career and family, every graduate will have personal finances, and my plan will ensure Michigan schools prepare students for smart financial management.”
Farrington’s House Bill 5190 would modify the Michigan Merit Curriculum to include successful completion of a half-credit course in personal finance as a graduation requirement. The requirement would apply to students obtaining their high school diplomas from public schools, including charter schools. Under Farrington’s plan, the required course would include a financial literacy component, which would cover necessary skills and knowledge for managing one’s personal finances.
Currently, students must take two full credits of a language other than English to graduate. The bill would adjust this requirement to 1½ credits in conjunction with the new half-credit requirement for personal finance.
HB 5190 passed committee along party lines, and it now advances to the entire House of Representatives for consideration.
As rising fuel prices continue to increase costs on Michigan families, state Rep. Diana Farrington and the Michigan House of Representatives today approved a plan to remove the state gas tax for six months.
State Rep. Diana Farrington, R-Utica, who serves on the House Tax Policy Committee, today issued the following statement urging Gov. Gretchen Whitmer to join a bipartisan legislative effort to remove the state’s 27 cents per gallon gas tax for six months: