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updated: 9/12/2013 8:02 AM

Illinois State adds minor in financial planning

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Associated Press

Illinois State University is adding a new undergraduate academic minor.

The university's College of Business has registered with the Certified Financial Planner Board of Standards to provide an undergraduate minor in financial planning. The board is responsible for awarding certifications to those who meet its standards.

Illinois State professor Edgar Norton says the main advantage of having a board registered program is that it will allow students to sit for the certification examination administered by the CFP board.

Norton says ISU's program includes coursework in investments, insurance, taxation, retirement planning, and estate planning and writing personal financial plans.

The university made gains this week in U.S. News and World Report's annual college rankings of "Best Colleges," moving to 152 this year from 156 last year.

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