Financial education: Does your state make the grade? (pg. 4)

  @Money July 11, 2013: 4:34 PM ET

State Ranking: Nebraska - Oregon

Nebraska: F

  • Personal-finance topics are included in the state's educational guidelines, but the state does not require that local school districts teach these topics.
  • No personal-finance requirement, although personal finance may be taught at certain schools as an elective.
  • In 2012, Nebraska created a financial literacy fund, administered by the University of Nebraska, to provide assistance to nonprofit entities that offer financial literacy programs to K-12 students.

Nevada: 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.
  • In 2009 the Nevada legislature required public high schools, including charter schools, to provide instruction in financial literacy to all students. However, it is left to the local school districts to determine how and where to integrate these topics into the classroom.

New Hampshire: B

  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Includes personal-finance topics in the state's K-12 instructional guidelines and requires local school districts to implement these standards.
  • New Hampshire requires high school students to take an economics course that includes personal-finance topics.

New Jersey: 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.
  • New Jersey requires students to take a course covering financial, economic, business, and entrepreneurial literacy.
  • Prior to having a graduation requirement, New Jersey established a three-year pilot program at certain school districts to test the efficacy of a financial literacy course.
  • New Jersey passed a law in 2011 that authorized credit unions to take deposits from the state. In exchange for the ability to be the state's bankers, the credit unions that accepted these funds were required to spend money on financial literacy education based on a very specific formula tied to the assets deposited by the state at their institution.

New Mexico: C

  • Does not include personal-finance topics in the state's educational standards.
  • No personal-finance requirement, although personal finance may be taught at certain schools as an elective.
  • A 2007 law requires a personal-finance elective course to be offered in high schools but does not require that students take the course.
  • New Mexico also allows a financial literacy course to be counted as one of the four math units required for high school graduation.

New York: 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.
  • New York incorporates personal-finance topics into a required high school course that also covers economics and free enterprise topics.

North Carolina: 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.
  • North Carolina incorporates personal-finance topics into its required high school course on civics and economics.
  • North Carolina created a financial literacy fund to support personal-finance education efforts in its schools and also created a financial literacy council tasked with coordinating and expanding the state's delivery of financial education for all of its citizens.

North Dakota: D

  • 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.
  • North Dakota's lower house of the legislature passed a resolution urging school districts to offer a course in financial literacy. The state also passed a law requiring the state treasurer to promote financial literacy education.

Ohio: B

  • Requires personal-finance instruction to be incorporated into other subject matter.
  • Includes personal-finance topics in the state's K-12 instructional guidelines.
  • Beginning with the class of 2012, Ohio requires high schools to integrate financial literacy and economics within social studies classes, or another class.
  • Ohio created a financial literacy fund to support adult financial education.

Oklahoma: 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.
  • Oklahoma passed a law in 2007 requiring that students be taught personal finance as a graduation requirement. It is not indicated in what courses it should be taught, but the board of education notes that 14 specific topics must be taught to students. School districts have available a Math of Finance curriculum outline that can be used to meet this requirement.

Oregon: D

  • 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.
  • Oregon in 2007 created a Task Force on Civics and Financial Education to make recommendations on how to improve K-12 personal finance. The report notes that in 1997 the requirement for a standalone personal-finance course was removed by the legislature.

Continued: State Ranking: Pennsylvania - Wyoming

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