Students at Iowa State, the University of Iowa and UNI would be required to take an undergraduate class in financial literacy, according to a bill that passed the Iowa Senate Wednesday.
A bill would require students at the three Regents institutions to be given a class in financial literacy to teach how to manage their finances.
The measure also requires that students be told about the employment prospects in their chosen educational field. It also requires the state universities to develop plans where students could graduate from their degree programs in three years instead of four.
Proponents say the measures would ensure that student loans are minimized, and would give students better education on what to expect after graduation.
It went to the Iowa House.