Money mgmt. soon required in OH high schools - News, Weather, Sports, Toledo, OH

Money mgmt. soon required in OH high schools

The three R's of education are reading writing and arithmetic. Another course is about to be added to the list here in Ohio.

It's something all of us at sometime or another should study: personal finance. Soon, it will become a mandatory course in Ohio high schools.

News 11's Dick Berry reported from the Wood County Bureau at Levis Commons. At Bowling Green State University, the bills are already mounting for college students News 11 talked to today.

It's a fact of life for many students at BGSU and other schools -- they're in debt. Last year alone, BGSU students borrowed $129 million to attend school. Their debt worries don't end there. Many are piling up bills they can't pay on credit cards.

The solution: mandatory personal finance classes in high school. That's going to happen in 2010 as the result of a bill sponsored by Ohio Treasurer Richard Cordray. "Everyone of us knows that we don't know as much as we'd like about managing our finances. If we don't make good financial decisions, we're in trouble all of our lives." Cordray is the keynote speaker at a smart money workshop for high school educators learning about the personal finance mandate.

The need is there. BGSU even has a student money management services office. Students get advice on how to develop a budget, which is something educators believe should start in high school. Duane Whitmire of the student money management services office said, "I personally don't see a problem with starting financial education at the youngest age possible. The more they learn, the better role model they have at a young age. The better off financially they'll be down the road."

Mike Guilfoyle has been teaching a high school personal finance course for fifteen years where it's an elective course. "I think it's one of the most beneficial things they'll take because the topics that we teach they are going to use for the rest of their life."

Students who talked to News 11 agree. BGSU student Chris Greggila said, "It would have helped me learn what to do, so I can take out the right loans that aren't going to kill me."

At the same time, students will keep a good credit rating alive.

Posted by LS

  • Headlines from Lucas, Wood, Ottawa, Fulton & Monroe CountiesNewsMore>>

  • One man dead, one man recovering after shooting in south Toledo

    One man dead, one man recovering after shooting in south Toledo

    Tuesday, August 14 2018 10:50 PM EDT2018-08-15 02:50:18 GMT
    Two people were reportedly shot at this home on Broadway on Tuesday.Two people were reportedly shot at this home on Broadway on Tuesday.

    Two people were shot at a home on Broadway on Tuesday afternoon. Police were called out to the house around 5 p.m. Both of the people shot were taken to the hospital. Their conditions are unknown at this time. Police have been interviewing witnesses on the porch of the home and several cones marked off shell casing locations. This story is developing. 

    More >>

    Two people were shot at a home on Broadway on Tuesday afternoon. Police were called out to the house around 5 p.m. Both of the people shot were taken to the hospital. Their conditions are unknown at this time. Police have been interviewing witnesses on the porch of the home and several cones marked off shell casing locations. This story is developing. 

    More >>
  • Free help with homework as kids head back to school

    Free help with homework as kids head back to school

    Tuesday, August 14 2018 10:19 PM EDT2018-08-15 02:19:23 GMT
    (Kids agree having a homework helper would be awesome.)(Kids agree having a homework helper would be awesome.)
    (Kids agree having a homework helper would be awesome.)(Kids agree having a homework helper would be awesome.)

    The start of a new school year can be exciting for some, but quickly the homework starts piling up and your kids could need a little extra help. That's where the Toledo Lucas County Public Library steps in.

    More >>

    The start of a new school year can be exciting for some, but quickly the homework starts piling up and your kids could need a little extra help. That's where the Toledo Lucas County Public Library steps in.

    More >>
  • Local Advocate Reacts to Predator Priests in Pennsylvania

    Local Advocate Reacts to Predator Priests in Pennsylvania

    Tuesday, August 14 2018 9:41 PM EDT2018-08-15 01:41:21 GMT
    (Source: RNN)(Source: RNN)
    (Source: RNN)(Source: RNN)

    The Pennsylvania Supreme Court released an over 1,300-page grand jury report on sexual abuse in the Catholic church which listed over 300 'predator priests' and over 1,000 identifiable victims. 

    More >>

    The Pennsylvania Supreme Court released an over 1,300-page grand jury report on sexual abuse in the Catholic church which listed over 300 'predator priests' and over 1,000 identifiable victims. 

    More >>
Powered by Frankly