Montgomery County Schools May Add “Financial Literacies” to Required Courses

“A lot of students have contacted me to tell me how eager they are to graduate without really having the knowledge to be financially independent,” said Hana O’Looney, student member of the County School Board. Montgomery.

High school students in Montgomery County, Maryland may soon be required to take a financial literacy course that includes learning about budgeting, investing, spending, and borrowing.

The idea was proposed Tuesday by Hana O’Looney, the student member of the Montgomery County School Board.

“A lot of students have contacted me to tell me how eager they are to graduate without really having the knowledge to be financially independent,” O’Looney said.



According to his proposal, the county’s acting superintendent would explore the possibility of creating a 0.5 credit financial literacy course and report on the matter by January. If approved, the requirement would debut in high schools in the 2023-2024 school year.

O’Looney said she made a point of speaking with students from different schools in the county, and many of them expressed concerns about understanding concepts such as improving credit scores. , income tax return and financial aid application.

“They want what they were learning in school to be more relevant and applicable to their lives,” said O’Looney.

The school board will vote on the plan at its meeting on October 26.

Five high schools in Montgomery County already offer financial literacy courses, but they are elective and relatively few students choose to take them.

Last year, members of the Prince George County School Board passed a resolution adding a financial literacy course to its future graduation requirements after students said even though they could tackle academic subjects they didn’t know how to balance a checkbook, pay taxes or how to credit work.

Charles County public schools also require students to take a financial literacy course to graduate.

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