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Holly Springs Chatter

New NC bill would require personal finance to be taught in high school

In North Carolina, House lawmakers are debating House Bill 924 which is new legislation requiring high school students to take and pass a financial literacy course prior to earning their diploma.

The Senate passed their version of the bill earlier this week.

According to the bill's language, at a "minimum," the financial literacy course would require students learn about:
  • The true cost of credit
  • Choosing and managing a credit card
  • Borrowing money for an automobile or other large purchase
  • Home mortgages
  • Credit scoring and credit reports
  • Planning and paying for post-secondary education
  • Other relevant financial literacy issues
Full ABC13 story here.