SF 750

as introduced - 92nd Legislature (2021 - 2022) Posted on 03/26/2021 10:09am

A bill for an act
relating to education; requiring an online personal finance class for high school
graduation; amending Minnesota Statutes 2020, section 120B.024, subdivision 1.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2020, section 120B.024, subdivision 1, is amended to read:

Subdivision 1.

Graduation requirements.

(a) Students beginning 9th grade in the
2011-2012 school year and later must successfully complete the following high school level
credits for graduation:

(1) four credits of language arts sufficient to satisfy all of the academic standards in
English language arts;

(2) three credits of mathematics, including an algebra II credit or its equivalent, sufficient
to satisfy all of the academic standards in mathematics;

(3) an algebra I credit by the end of 8th grade sufficient to satisfy all of the 8th grade
standards in mathematics;

(4) three credits of science, including at least one credit of biology, one credit of chemistry
or physics, and one elective credit of science. The combination of credits under this clause
must be sufficient to satisfy (i) all of the academic standards in either chemistry or physics
and (ii) all other academic standards in science;

(5) three and one-half credits of social studies, encompassing at least United States
history, geography, government and citizenship, world history, and economics sufficient
to satisfy all of the academic standards in social studies;

(6) one credit of the arts sufficient to satisfy all of the state or local academic standards
in the arts; and

(7) a minimum of seven elective credits.

(b) A school district is encouraged to offer a course for credit in government and
citizenship to 11th or 12th grade students who begin 9th grade in the 2020-2021 school year
and later, that satisfies the government and citizenship requirement in paragraph (a), clause
(5).

new text begin (c) Students beginning 9th grade in the 2021-2022 school year and later must successfully
complete an online personal finance course for credit during their senior year of high school.
The course must include but is not limited to the following topics: new text end new text begin creating a household
budget; new text end new text begin taking out loans and accruing debt, including how interest works; new text end new text begin home mortgages; new text end new text begin
how to file taxes; new text end new text begin the impact of student loan debt; and new text end new text begin how to read a paycheck and payroll
deductions.
new text end