DEPERE, Wis. (WFRV) – Starting with the graduating class of 2028, all high school students will be required to take a personal finance course in order to graduate. Gov. Tony Evers signed the requirement into law in December, but not without the help of local educators.
Kerri Herrild has been teaching personal finance as an elective at De Pere High School for 18 years. A passionate educator, Ms. Herruld has fought to pass legislation requiring all high school students in Wisconsin to take one semester of personal finance before graduation.
“We've been working at the state level for about two and a half years to get this a statewide high school graduation requirement,” Herrud said.
In 2022, Herruld, along with other educators from around the state, traveled to the state Capitol in Madison to testify in support of this requirement.
“I never thought I would be testifying before Congress at the state level about why we need to pass a law,” Herrud said. “But when this opportunity arose to be part of this group to make this requirement mandatory in every state by 2030, I immediately joined three other teachers, students, and financial professionals from across the state to I joined them in and I joined them to be there.'' When Governor Evers signed this bill on December 6th, it was a highlight of my career. ”
Kelly Herrild reiterates the phrase “When you know better, you can do better” to Local Five's Samantha Petters to teach students valuable lessons that will help them beyond high school. , emphasized how important this requirement is.
“Students want to learn this information, they want to understand how to handle money, they know they need to do that, and they're hungry for knowledge,” Herrud explained. “It's so fun to see students come to this class and really understand what we're teaching because they understand that it has a direct relevance. Because I do.”
Through the required financial literacy course, students learn six essential skills:
- financial mindset
- education and employment
- Fund management
- savings and investment
- credit and debt
- Risk management and insurance
Herrud said she has seen students experience “aha” moments throughout the semester as they understand concepts.
“This is a great example. I can still picture that student and see her face last spring when she said this to me,” Herrold said with a big smile. “It was our third day in class, and she said to me, 'Oh my gosh, Ms. Herrud, I learned more information in the first three days of this class than I learned last year. I learned. Mathematics is half done!”
She believes that not only will she help students understand this concept now, but it will help them make better financial decisions in the future, and in turn, help build a better economy.
“Once children understand these lessons, they can go home and share that knowledge with their parents to help them make better financial decisions,” Herrud said. “And really, it's in our state's interest to ensure that individuals, individual families don't go into huge amounts of debt, and it's good for our state's economy.”
As of this year, 25 states have passed laws guaranteeing independent systems. personal loan Course for high school students. Wisconsin becomes the 24th state, followed by Pennsylvania in December 2023.