Schools receive high marks for financial literacy - WVVA TV Bluefield Beckley WV News, Weather and Sports

Schools receive high marks for financial literacy

Posted:

RICHMOND (WVVA) - Virginia and West Virginia both scored in the top 40 percent of states in a national study of efforts to produce financially literate high school graduates.

Virginia earned an 'A' in the study, produced by Champlain College's Center for Financial Literacy -- one of only seven states to do so.

West Virginia was among 13 states to earn a 'B.'

The study cited the following criteria in determining its grades:

Virginia - A:

  • Requires high school students take at least a one semester course devoted to personal finance. (Source: Jump$tart Survey)
  • 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. (Source: CEE Survey)
  • Virginia requires all public colleges and universities in the state to make available financial literacy training for undergraduate students. (Source: NCSL Summaries)

West Virginia - B:

  • Requires personal finance instruction to be incorporated into other subject matter. (Source: Jump$tart Survey)
  • Includes personal finance topics in the state's K-12 instructional guidelines, requires local school districts to implement these standards and requires financial literacy instruction as a high school graduation requirement. (Source: CEE Survey)
  • In West Virginia, personal finance education is provided within a social studies/economics required high school course called Civics for the 21st Century. (Source: Jump$tart Survey)
  • West Virginia created a Consumer Education Fund, to promote financial literacy in the state. 10 percent of all civil penalties collected by the state's Division of Banking goes into that fund. (Source: NCSL Summaries)
Powered by Frankly