A bill to amend 1976 PA 451, entitled “The revised school code,” by amending sections 1278a and 1278b (MCL 380.1278a and 380.1278b), as amended by 2022 PA 105.
House Bill No. 5815 aims to amend "The Revised School Code" by updating the credit requirements for Michigan high school diplomas. A new requirement for a 1/2 credit course in personal finance for students entering grade 8 in 2023, applicable towards math, arts, or language credits.
The bill allows for credit fulfillment through career and technical education programs and sets guidelines for financial literacy courses, emphasizing the importance of personal financial planning, understanding of financial institutions, consumer credit, and insurance. It includes detailed instructions on managing personal finances, such as budgeting, understanding taxes, and evaluating credit options.
Co-sponsored by Reps.
Referred to the Committee on Education
