MONROE, Mich. (WTVG) – There is a new graduation requirement for Michigan high schools. What started as an elective course is now required for students to get their diplomas.
High school students in Michigan will now be required to take a financial literacy course in order to graduate and help them get ready for life after graduation.
Interest rates, using credit and investing are all things that are common terms for adults. But now, they’ll become familiar to high schoolers in Michigan, too, as a financial literacy course is now a requirement for graduation.
“You see so many students graduate from high school and go to college and they get themselves in debt. They don’t realize how important a good credit score is for future lending to get better interest rates. So we really try to impress that upon the kids how important it is to start out with a …