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Personal Finance: Requirements and Resources

Section 380.1278a of the Revised School Code requires Michigan students entering 8th grade in 2023 to complete a ½ credit course in personal finance that meets subject area content expectations developed by the Michigan Department of Education (MDE) and approved by the State Board of Education (SBE). The ½ credit course in personal finance must fulfill ½ credit of mathematics required under Subsection (1)(a)(i); ½ credit of visual arts, performing arts, or applied arts required under Subsection (1)(a)(iv); or ½ credit of a language other than English required under Subsection (2), as determined by the board of the school district or board of directors of the public school academy in which the pupil is enrolled. The ½ credit course in personal finance required under this Subsection may be fulfilled through an MDE-approved formal career and technical education program or curriculum that aligns with the SBE-approved subject area content expectations.

To support districts in preparing for the implementation, the MDE is providing a Personal Finance Course/Credit Requirements guidance document to assist with the implementation of the personal finance ½ credit course requirement.

Finally, the MDE will be working closely with partners through June 2025 to develop more professional learning and curriculum supports to be added to this webpage as they are developed.