California students will need personal finance class to graduate [Video]

The semester-long course would need to be offered by the 2027-28 school year and a requirement to graduate starting with the 2030-31 class.

SACRAMENTO, Calif. — California high schoolers will soon be required to take a financial literacy course to graduate.

Once the legislation is passed, people pushing the California Personal Finance Education Act initiative for the November 2024 ballot will withdraw their measure.

The survey found, in part:

27% reported being ready to estimate what their monthly payments might be after college
46% felt prepared to complete the Free Application for Federal Student Aid (FAFSA)
32% felt that they could read and understand loan offers and repayment information they received
47% of students understood how to read a paycheck and understand what determines net pay.

“Financial literacy is a critical tool that pays dividends for a lifetime. There’s a wealth of data about the benefits of learning these valuable lessons in high school, from …

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