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New law mandates personal finance course for high school students

June 28, 2024 | Waunakee Community School District, School Districts, Wisconsin



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This article was created by AI summarizing key points discussed. AI makes mistakes, so for full details and context, please refer to the video of the full meeting. Please report any errors so we can fix them. Report an error »

New law mandates personal finance course for high school students
During a recent government meeting, significant updates to high school graduation requirements were discussed, particularly the introduction of a new mandate for personal financial literacy courses. This requirement, enacted by the state legislature, will take effect for students graduating in 2028, specifically targeting those currently in 9th grade.

Tim, a key speaker at the meeting, emphasized the importance of the Personal Responsibility and Growth (PRG) process in implementing these changes. He noted that while the new law provides flexibility in staffing—allowing licensed social studies, business education, or family and consumer science teachers to teach the course—it also imposes a restriction that the personal financial literacy course must be standalone and cannot fulfill other graduation requirements.

The meeting also highlighted adjustments to existing policies, including clarifications on how middle school students' high school courses will be credited. While students can take advanced courses in middle school, these will not count towards high school credit or GPA. However, there is an exception for health credits, which can be earned in both middle and high school.

The district's existing personal financial literacy course, \"Dollars and Cents,\" has been well-received, with approximately 60% of students completing it. The administration is now tasked with developing a model to ensure that the remaining 40% of students also fulfill this new requirement.

Additionally, discussions included the possibility of offering online versions of the personal financial literacy course to provide greater flexibility for students, particularly those who may transfer into the district late in their academic careers.

Overall, the meeting underscored the district's commitment to enhancing financial literacy among students while navigating the complexities of new legislative requirements.

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