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Personal finance course to be required in the future for SC students to graduate high school

Personal finance is a required course to graduate high school in more than a dozen states, including most in the southeast.



SOUTH CAROLINA, SOUTH CAROLINA Students may have had to study the Pythagorean Theorem, memorize the functions of the three branches of government, and read a little Shakespeare in order to finish high school.

However, in the future, students in South Carolina will have to learn how to manage their credit cards and their taxes in order to graduate.

As part of a long-term, bipartisan effort at the State House, South Carolina students will be required to take personal finance courses starting in the fall.

I think it’s critical that we start teaching these kids the basics as early as possible so that they can get off to a good start,” Bill Joy said.


Students at Lucy Beckham High School in Mount Pleasant must take a personal finance course as part of their sophomore year. Joy teaches that class.

His courses include a wide range of topics, including budgeting, checking, and saving.

A few of our students have even gone on to prepare their parents’ taxes after learning the tax preparation trade from us. As a result, these are the kinds of life skills that I believe are extremely important,” Joy remarked.

All high school students in South Carolina will soon be required to learn these abilities in order to graduate.


By the end of September, the South Carolina Department of Education must submit regulations for a mandated high school course in personal finance to the State Board of Education, which will then have the authority to adopt them.

“We’re all in agreement that our students need this. David Mathis, deputy superintendent for SCDE’s Division of College and Career Readiness, said that the students need the foundation and background knowledge and the schema and financial literacy, rather than finding it out when it’s too late.

According to those laws, students will have to pass a half-credit course in order to graduate, as well as which graduating class will be the first to do so.

Mathis stated that they would like to be able to offer students a variety of ways to accomplish this requirement, including taking the course online, as an elective, or as part of their career and technology education requirement.


Mathis said it could take up to a year to develop the course standards, so the new personal financial requirement won’t be in place for the upcoming school year.

Education officials must also find time for professional development and training in order to implement the new curriculum.

Even yet, at least one of my teachers, Joy, thinks it’s worth it.

Everybody in the state, I honestly believe it’s going to help our kids better handle their finances,” Joy added, referring to the bill.


More than a dozen states, including most in the Southeast, require students to take a personal finance course in order to graduate high school.

The adjacent states of North Carolina and Georgia have both recently enacted legislation requiring students to have a personal finance plan.

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