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Bill would let financial‑literacy courses count toward Maryland’s service‑learning graduation hours
Summary
Supporters including the Maryland Council on Economic Education and UMBC told the Ways and Means Committee HB 326 would allow school boards to count approved financial literacy coursework or extracurriculars toward the 75 service‑learning hours required for graduation; local boards would set criteria and credit hours.
Delegate Cathy Forbes told the committee HB 326 would let students who participate in approved financial‑literacy coursework or extracurricular activities apply those hours to the state’s service‑learning graduation requirement.
Julie Weaver, executive director of the Maryland Council on Economic Education, testified the change would provide an incentive for schools to teach personal finance and economics. UMBC’s Andrea Cipolla testified that financial literacy reduces students’ risk of later debt problems and that parents often do not cover the topic at home. The Maryland Bankers Association offered support and noted such education helps customers avoid serious financial mistakes.
Forbes emphasized the bill does not mandate curriculum or impose costs; local boards would determine what meets the criteria. Proponents said the measure would help expand access to financial knowledge that research links to long‑term economic stability.
Ending: Supporters requested a favorable report; no opposition testified and no committee action was taken at the hearing.
