Finance
New Hampshire Becomes the 15th State to Require Personal Finance as a Core Academic Subject
14% of NH excessive faculties presently require college students to cross a standalone course in private finance to graduate
HILLSBOROUGH, N.H., June 28, 2022 /PRNewswire/ — Governor Chris Sununu not too long ago signed HB1671 into legislation which provides private finance as a core educational topic below the state’s definition of an ample training. This formally makes New Hampshire the 15th state to require public faculties to show private finance. Michigan turned the 14th state earlier this month preceded by Florida and Georgia who handed related legal guidelines this yr.
Since June 12, 2006, the New Hampshire State Board of Training has recognized the 20 credit required for commencement to incorporate one half credit score of Economics below Administrative Rule Ed 306.27(n), and the Revised NH Curriculum Frameworks customary SS:EC:6 specifies that “college students will have the ability to clarify the significance of cash administration, spending, credit score, saving, and investing in a free-market economic system.”
In 2013, the NH Soar$tart Coalition launched its first examine of New Hampshire excessive faculties to find out the extent of Private Finance instruction within the Granite State. Throughout the summer time of 2021, the coalition as soon as once more up to date its statewide evaluation to establish any monetary literacy progress for the reason that prior launch. The info was obtained by visiting every highschool’s web site and downloading their Program of Research (as of June 30, 2021).
“We’re happy that Governor Sununu has signed HB 1671 which is able to assist our youngsters to develop cash administration expertise that can profit them as they change into adults,” mentioned Dan Hebert, president, NH Soar$tart Coalition. “I need to acknowledge the efforts of the invoice’s prime sponsors Rep. Ladd, Rep. Cordelli, Rep. Boehm, Rep. Hobson, Rep. Allard, and Rep. Moffett who launched this invoice earlier this yr. As our examine reported, 94% of NH excessive faculties already supply private finance as both an elective or a required course so implementing this requirement should not be a giant elevate for the college districts however could have a big constructive affect for our youngsters.”
The invoice specifies that the “studying space of non-public finance literacy shall not apply till the 2023-2024 college yr.”
New Hampshire State Board of Training Chairman Andrew Cline mentioned, “Private monetary literacy is eventually acknowledged as a vital a part of an ample training. It is gratifying to see New Hampshire take this necessary step towards giving college students the instruments they should change into financially unbiased adults.”
Hebert continued, “Now we have college students who need to be taught, educators ready to show them, and assets accessible, nevertheless it additionally begins at residence. We urge dad and mom to take an curiosity in modeling and instructing monetary duty at residence and supporting monetary training of their faculties.”
About NH Soar$tart
Coalition:
Now celebrating 22 years, NH Soar$tart is a statewide, all volunteer, nonprofit affiliation devoted to bettering the non-public monetary literacy of kids within the Granite State. We’re additionally a proud state affiliate of the Nationwide Soar$tart Coalition for Private Monetary Literacy. The Nationwide Soar$tart Coalition, primarily based in Washington, D.C., was first convened in 1995 and consists of over 200 organizations dedicated to bettering the monetary literacy of America’s youth.
Contact:
Daniel Hebert
State President
***@nhjumpstart.org
Photograph(s):
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SOURCE NH JumpStart Coalition