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The what-if scenario is meant to cause students to think about their personal finances. Per state legislation passed in 2007, Oklahoma students, effective this May, now must demonstrate an understanding in banking, taxes, investing, loans, insurance, identity theft and eight other areas to graduate. Teachers are required to certify students’ working knowledge in each area.
Schools like Mustang, which offered a personal finances course before the mandate — or Kingston, which implemented the requirement soon after enactment, are on track. But countless others are scrambling to meet the additional curriculum requirement — parking many students in front of computers for quickie, do-it-yourself learning.
Said Amy Lee, executive director of the Oklahoma Council on Economic Education, which lobbied for and helped develop the curriculum, "Oklahoma has some of the strongest standards in the country. Where other states require four or five standards regarding earnings, savings and investing, Oklahoma has 14 standards including three that are state-specific: bankruptcy, the financial impact of gambling and charitable giving," she said..
Schools like Mustang, which offered a personal finances course before the mandate — or Kingston, which implemented the requirement soon after enactment, are on track. But countless others are scrambling to meet the additional curriculum requirement — parking many students in front of computers for quickie, do-it-yourself learning.
Said Amy Lee, executive director of the Oklahoma Council on Economic Education, which lobbied for and helped develop the curriculum, "Oklahoma has some of the strongest standards in the country. Where other states require four or five standards regarding earnings, savings and investing, Oklahoma has 14 standards including three that are state-specific: bankruptcy, the financial impact of gambling and charitable giving," she said..
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