Categories: Uncategorized

Classes put power of money in students’ hands

BATON ROUGE — Supporters of the state’s new career-track diploma law believe it can keep more high school students from dropping out while readying them for jobs in manufacturing and the petrochemical industries.

But the law also includes another difference-maker — an option that lets public school students take financial literacy as one of their required math courses.

“I really feel that this is probably the most effective thing that can be done to help people and empower them to make good decisions that would affect them for the rest of their lives,” Robert Taylor, chief executive officer of the Louisiana Bankers Association, told The Advocate (

The financial crisis that sent the country into a recession was based on home loans, Taylor said. There were lenders who enticed people into taking home loans they shouldn’t have. If those home buyers understood better what they were doing, no matter what a mortgage company was selling, they would have realized the loan ultimately made no sense.

The LBA, which represents community banks, is hoping the financial literacy courses can arm students with practical knowledge they can use to avoid poor fiscal choices in the future.

It will take some time to measure the impact of the financial literacy option. The career-track diploma law passed just a few months ago. State officials and public high schools have barely begun the process of figuring out what the classes will involve and who will be allowed to teach them.

Previously, the financial literacy efforts in the state have included Louisiana Jump$tart, a coalition of organizations. Among other things, the nonprofit group trains teachers to teach financial literacy to students.

For now, financial literacy is just a portion of other classes, such as the principles in business course at Woodlawn High School in Baton Rouge.

Future entrepreneurs Tyler Johnson, Kyron Fisher and Marquis Bell, ninth-, 10th- and 11th-graders at Woodlawn, said the financial literacy section of that class is helping them prepare for their entry into the business world.

“It teaches you how to spend money when you get it . the right way,” Fisher said.

Among other things, that means following a budget, he said.

Associated Press

Published by
Associated Press
Tags: Education

Recent Posts

  • News-Premium

Caney Lake recreation area opens today

Caney Lakes Recreation Areas will open back up for the 2019 Summer season Friday, May 24, according to a press…

2 days ago
  • News-Premium

Committee advances bill allowing patients to inhale cannabis for medicinal purposes

By James Smith and Lauren Heffker LSU Manship School News Service BATON ROUGE -- A Senate committee advanced a bill…

2 days ago
  • E-Edition

05-24-2019 Minden Press-Herald e-Edition

The electronic edition of the Friday, May 24, 2019 Minden Press-Herald

2 days ago
  • News-Premium

Louisiana House snuffs out bid to raise smoking age to 21

BATON ROUGE, La. (AP) — Louisiana won’t raise its legal smoking age from 18 to 21. The House resoundingly snuffed…

2 days ago
  • News-Premium

Gas prices falling heading into Memorial weekend

Louisiana gas prices have fallen 2.7 cents per gallon in the past week, averaging $2.44/g Sunday, according to GasBuddy’s daily…

2 days ago
  • News-Free

Holiday closures announced

In observance of Memorial Day on Monday, all government offices and banks will be closed.  All offices in the Webster…

2 days ago