WATCH WJZ @ NOON ON SATURDAY | The Army-Navy rivalry comes to Baltimore. WJZ has live pre-game ceremonies and the game.

Financial Literacy Bill Would Require Money Course

ANNAPOLIS, Md. (AP) — Maryland high schoolers would have to complete a course in financial literacy in order to graduate under a bill state lawmakers are considering.

Supporters, including Comptroller Peter Franchot, said Wednesday that massive debt and bankruptcy plans offered as escape routes are crushing people in their late teens and early 20s.

Opponents, including the Maryland State Department of Education, say that establishing a mandated course for graduation is too strenuous. They also point to the high cost —$15.6 million— of implementing the financial literacy training.

Franchot, however, called the price tag calculated by state analysts “phoney” and said the estimated cost is greatly inflated by opponents within the state bureaucracy.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it

Listen Live