Financial literacy should be considered a requirement of passing the MCPS

Financial literacy should be considered a requirement of passing the MCPS

Hannah O’Looney, a student on the board of education, told her colleagues at the January meeting that “paying taxes is not necessary in life,” and that financial literacy training should not be optional.

The Montgomery County School Board will address the issue at its meeting on Tuesday, and Prince George County will be added to this group in the 2023 school year.

A financial literacy course is already required in seven Maryland school districts.

Board members learned from school administrators in January what it would take to add a course to the credits that graduate students already need.

Tarasuk explained that now 22 credits are needed to get a diploma, leaving two options.

At the time, Maria Tarasuk, who works in the Department of Curriculum of Montgomery County Public Schools, told board members, “This decision is not easy yes or no.”

“One could simply add requirements for graduation credits and increase the total number of credits required to 22.5,” or, she said, the current number of credits could be maintained by reducing credit in another area of ​​study.

At that January meeting, Hannah O’Looney, a student on the board of education, told her colleagues that “paying taxes is not mandatory in life” and that training in financial orientation should also not be optional.

She also said school officials should interview recent graduates about what they would like to be taught at school. “It will be at the top of this list,” she said, based on her discussions with recent alumni.

Board member Scott Joftus asked if administration officials could contact some other school districts who need the course to see how it works. “If they say ‘yes, it’s the best thing we’ve ever done,’ it will definitely make me feel,” he said.

And if other school systems had a negative experience, he would like to know that too, he explained. According to figures provided by Tarasuk at the January meeting, more than 1,000 MCPS students no longer received the credits required to receive a diploma.

Board member Lynn Harris suggested that some of these students may have attended courses that did not seem valuable to them. She suggested that financial literacy “is exactly the form of learning that I think a student who might have been a little distracted would find,” she said.

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