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Mich. league-backed fin-lit bill passes state House
PLYMOUTH, Mich. (9/10/09)--A bill that would allow Michigan high school students to take a personal finance course in place of a second algebra class passed the Michigan State House Sept. 3. The bill is backed by the Michigan Credit Union League. The bill, sponsored by State Rep. Joel Sheltrown (D-West Branch), would allow students to replace the required second algebra class with a personal finance course. The bill opens the door for young people to receive lessons in money management, the league said (Michigan Monitor Sept. 8). High school students in Michigan must complete algebra I, geometry, algebra II and another math credit to graduate. Last year, a law passed to allow a personal finance course to count as the fourth math credit. Sheltrown’s legislation takes the change one step further, the league said. “We’re hopeful the Senate will move their version of the bill and that it will ultimately land on the governor’s desk, so more students can have the option of receiving money management skills that will be necessary as they get older,” said Marcia Hune, league vice president of government and public affairs. A Senate version of the bill, sponsored by State Sen. Wayne Kulpera (R-Holland), is on the Senate floor.
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