This new requirement is part of a larger effort to improve financial literacy among young people. The new course, which is being implemented across the state, is designed to equip students with the knowledge and skills needed to manage their finances effectively. It covers a wide range of topics, including budgeting, saving, investing, credit, debt management, and insurance. The course is being implemented in a phased approach, starting with freshmen in 2023. This phased approach allows for a gradual rollout, providing time for teachers to prepare and students to adjust. The new requirement is being met with mixed reactions.

The Michigan Department of Education (MDE) has released a new set of standards for high school graduation requirements. These standards are designed to prepare students for success in college and careers. The new standards include a requirement for students to take a personal finance course.