Wednesday, August 3, 2011

Maryland Gears Up for Teaching Financial Literacy in School

As reported by the, Maryland schools will start teaching financial literacy this year. Students in grades 3-12 will be taught financial knowledge throughout their time in schools. This effort in Maryland was supported by CFS.

Here's how it will work:

Among many specific requirements, students will be expected to "describe the services financial institutions provide, such as savings, checking, and money market accounts" by the end of Grade 5. By the end of Grade 8, students are expected to be able to compare credit products and services and describe predatory lending practices.At the end of Grade 12, students should have learned how credit scores can be used to leverage better products, services and employment opportunities -- such as security clearances.

This effort in Maryland was supported by CFS.