Financial education: Does your state make the grade? (pg. 2)

  @Money July 11, 2013: 4:34 PM ET

State Ranking: Idaho - Louisiana

Idaho: A

  • Includes personal-finance topics in the state's K-12 instructional guidelines, requires local school districts to implement these standards, requires financial literacy instruction as a high school graduation requirement, and requires students be given assessment tests on financial literacy topics.
  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Personal-finance education provided within social studies economics content standards and is required for high school graduation.

Illinois: B

  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Includes personal-finance topics in the state's K-12 instructional guidelines, requires local school districts to implement these standards, and requires financial literacy instruction as a high school graduation requirement.
  • Personal-finance topics must be covered in the consumer education course that is required to be taken by all high school students.
  • In 2006 the state created a financial literacy fund run by the treasurer for the promotion of personal finance in the state's school system.

Indiana: C

  • Includes personal-finance topics in the state's K-12 instructional guidelines and requires local school districts to implement these standards.
  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Indiana requires that personal finance be taught in grades 6-12 and has clearly defined standards for grades 8 and 12 based on the JumpStart Coalition's highly regarded National Standards in K-12 Personal Financial Education. However, it is left to the local school districts to determine how and where to integrate these topics into the classroom.

Iowa: C

  • Includes personal-finance topics in the state's K-12 instructional guidelines and requires local school districts to implement these standards.
  • No personal-finance requirement, although personal finance may be taught at certain schools as an elective.
  • Iowa passed a bill in 2008 requiring all K-12 students to receive 21st Century Life skills such as civic, financial, health, and technology literacy and employability skills. The state also has clearly defined key competencies at different grade levels. However, it is left to the local districts to determine how and where to integrate these topics into the classroom. Iowa also created a financial literacy program for its citizens within the state's treasurer's office in 2010.

Kansas: B

  • Includes personal-finance topics in the state's K-12 instructional guidelines.
  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Kansas requires financial literacy topics to be included in the model content standards for mathematics, and requires certain personal-finance topics be tested as part of a math assessment tests given to all students.

Related: High school gives 16-year-olds $100,000 to invest

  • In 2003 Kansas directed the Board of Education to develop curriculum, materials, and guidelines for local school boards to use in implementing a program on personal-financial literacy.

Kentucky: C

  • Includes personal-finance topics in the state's K-12 instructional guidelines and requires local school districts to implement these standards.
  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Financial literacy is incorporated in the Practical Living/ Vocational Studies program, beginning at the primary level and continuing all the way through high school.
  • Kentucky created a legislative committee on education to review economic education in the state's public schools. It was tasked with making recommendations to enhance economics and consumer education.

Louisiana: A

  • Includes personal-finance topics in the state's K-12 instructional guidelines, requires local school districts to implement these standards, requires financial literacy instruction as a high school graduation requirement, and requires students be given assessment tests on financial literacy topics.
  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Personal-finance education is provided within a Free Enterprise course that is required for high school graduation.
  • Louisiana created a Financial Literacy and Education Commission to promote personal-finance education in the state and make recommendations.

Continued: State Ranking: Maine - Montana

Join the Conversation
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.41%4.44%
15 yr fixed3.33%3.31%
5/1 ARM3.34%3.55%
30 yr refi4.39%4.41%
15 yr refi3.31%3.30%
View rates in your area
 
Find personalized rates:
Rate data provided
by Bankrate.com
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.