New law requires financial literacy course in New Jersey middle schools

Posted: Updated:
JERSEY CITY -

New Jersey’s middle schoolers will now be required to take financial literacy courses thanks to a new measure signed into law Thursday.

Acting Gov. Sheila Oliver signed the bipartisan measure in Jersey City. The new law goes into effect immediately and will apply for the school year starting in September.

The measure requires the State Board of Education to incorporate financial literacy courses into the curriculum for students in grades six through eight.

The law doesn't spell out specifically what that means, but lawmakers and Oliver say it covers issues including budgeting, saving, credit and debt.

"It's going to go a long way for students all across the state of New Jersey…trust me, it will make a big difference in your life,” Oliver said.

Oliver is the state's lieutenant governor and is filling in for Gov. Phil Murphy while he is in Washington.

The bill had Democratic and Republican sponsors and passed in the end with only one no vote.

The Associated Press wire services contributed to this report.

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