HARRISBURG – Legislation sponsored by Sen. Chris Gebhard of Dauphin, Lebanon, & York Counties to improve personal financial literacy by requiring completion of a half-credit economics and personal finance course as a high school graduation requirement was passed by the PA Senate. The course created by Senate Bill 1243 will teach the importance of credit scores, APR for student loans and home mortgages, budgeting, compounding interest, saving for retirement, and other basic financial concepts. Gebhard said, “By teaching high school students the financial basics, they will learn necessary money management skills to position themselves for lifetime success and financial independence.” The bill now moves to the PA House for consideration.
SEN. CHRIS GEBHARD