A developed paragraph (band 8 level)
The strongest argument for compulsory finance lessons is that they would protect young people from debt at the very moment they become most exposed to it. Many students sign their first phone contract or take out their first loan in their late teens, often before they understand how interest accumulates over time. A school leaver who repays only the minimum on a credit card each month, for example, may take years to clear even a modest balance and pay a substantial sum in interest along the way, money that could otherwise have gone towards rent or savings. Admittedly, some argue that managing money is a skill best learned at home. Yet this assumes that every parent has the knowledge and confidence to teach it, which is far from certain; arguably, children from households that already struggle financially are the least likely to receive such guidance. A compulsory course would therefore give every student the same basic protection, regardless of their background.