Bill filed to require high school students to take finance course

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Posted at 3:11 AM, Dec 11, 2013
and last updated 2013-12-11 03:14:08-05

TALLAHASSEE, Fla. (WTXL) -- High school students could soon have to take an additional course focused on money management.

Dubbed "The Money Course", Senator Dorothy Hukill (R- Port Orange) is among the lawmakers introducing the bill that would mandate a financial literacy course for high school students. It would be a half-credit, semester long course on financial literacy. Lawmakers say the bill would make sure Florida graduates really understand their finances.

"This will help prepare students for their financial future," Senator Hukill said. "As they leave high school they enter the work force or they continue their education. They're going to have to make a lot of decisions. They have to learn about bank accounts, debit cards, credit cards, how to pay for tuition, how to sign a lease, what are the ramifications."

Supporters of the bill say the student loan default rates are on the rise and this could help with that problem.