MI HB5815

Requires students entering grade 8 in 2023 and later to complete a 1/2 credit course in personal finance to graduate high school, effective with the class of 2025

Personal finance course content must include financial planning, goal-setting, career exploration, budgeting, credit management, consumer protection, banking services, insurance, identity theft protection, and investment strategies

Requires students to complete specific assignments including writing short/mid/long-term financial goals, conducting career aptitude surveys, creating budget plans, analyzing credit reports, and writing an argumentative essay on student loan debt

The 1/2 personal finance credit can fulfill requirements in mathematics, visual/performing arts, or foreign language categories, or be satisfied through approved career and technical education programs

Personal finance instruction cannot be substituted through other courses and must be completed as a dedicated course or career/technical education program with specified content standards