- DepEd is set to integrate financial literacy and consumer protection lessons in senior high school
- These will be a part of the TLE and home economics subjects
- The implementation is based on the Youth Entrepreneur Act
Having a hard time dealing with finances? Well, you don’t have to worry for your kids as the Department of Education (DepEd) is set to include financial literacy in the curriculum of senior high school students.
DepEd announced recently that it will have financial literacy and consumer protection lessons for the first two batches of senior high school students in the K to 12 curriculum.
“Expecting to have employable high school graduates in two years, DepEd Undersecretary for Curriculum and Instruction Dina S. Ocampo deemed it timely and important to begin the department’s involvement by developing a series of financial literacy modules for SHS students,” DepEd said in a news release posted on its website.
“These modules are to be implemented in one or two-hour sessions once a week. Directly benefiting from this would be the graduates who decide to start a business or pursue employment after high school.”
The lessons will be part of the Edukasyong Pantahanan At Pangkabuhayan (EPP) and Technology and Livelihood Education (TLE). It is based on the Organization for Economic Co-operation and Development’s (OECD) Programme for International Student Assessment (PISA) financial literacy assessment framework.
“The OECD-PISA framework suggests that financial education should be introduced to learners early on, starting with values formation on money, saving, and the rewards and risks in making monetary decisions. The training then escalates to concepts of budgeting, financial products, investment, and setting financial goals,” explained DepEd.
Republic Act 10679 or the Youth Entrepreneur Act mandates the education agencies – DepEd, Commission on Higher Education and the Technical Education Skills Development Authority (TESDA) to spearhead programs that will promote entrepreneurship and financial literacy.