A partnership between ASU and the Phoenix high school district is designed to teach 150 students at Camelback High School how to take control over their finances now and in the future.

Incorporating new financial literacy components into an economics class that already exists, students will tackle topics such as budgeting, taxes, debt management, retirement, insurance and more, according to a release.

Students who earn a C or above have the option to earn college credit through dual enrollment.

"We hope to empower young people to take control of their financial lives at an earlier age, reducing barriers to financial wellbeing," Laura Lindsey, chair of the Department of Finance at W. P. Carey at ASU, said.

"This new program is an excellent way for our students to not only learn vital life skills, but also a way to introduce them to college and show them they are capable of earning college credits," said Tony Camp, executive director for teaching and learning at the Phoenix Union High School District.