RALEIGH, N.C. (WFMY) — Let’s face it, once you graduate and get in the real world you know what you’re up against. We’re talking bills and lots of debt from mortgages, to paying off college loans, and credit cards.
That’s why North Carolina lawmakers have proposed a new “Adulting class.”
Senate Bill 134 was filed on Tuesday and would require a financial literacy class for students to graduate high school.
The class means students would have to learn the following:
- The true cost of credit
- Choosing and managing a credit card
- Borrowing money for an automobile or other large purchase
- Home mortgages
- Credit scoring and credit reports
- Planning and paying for postsecondary education
- Other relevant financial literacy issues
If it passes it would go into effect during the 2020-2021 school year.