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MV FAQs: Which States Require Financial Education?

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Did you know that there are currently 16 million students attending high school in the United States? And 10% of those students are enrolled in private schools. That means that there are 3.5 million students graduating every single year.   

Here’s our prediction: By 2027, all 3.5 million graduating seniors will be required to pass a financial literacy or financial education course. It is our mission to provide the most entertaining, engaging, and empowering personal finance program for these students. Further, Money Vehicle’s goal is to continually build the best financial literacy course and empower students to start a financial plan.  

Money Vehicle strives to reach each of these students to teach them how to manage money, consciously save, spend wisely, and invest. Understanding personal finance is a skill that will enable the next generation to live out their dreams! 

Currently, a personal finance course is a high school graduation requirement in the following 14 states (which is subject to change!):

1. Alabama

Alabama high school students must take a one-year career preparedness course that includes personal finance lessons.  

More information here.

2. Florida  

High school students are required to take a personal finance class to graduate.  

More information here.

3. Georgia

High school students are required to take a financial literacy class in their 11th or 12th year to graduate.  

More information here.

4. Iowa

All school districts require students to take at least one half-year personal financial literacy course beginning in 2022-23.  

More information here.

5. Michigan

High school students must take a personal finance course before graduation to receive a diploma.  

More information here

6. Mississippi

Beginning in 2022, Mississippi will require students to take a college and career readiness course before graduation. Financial literacy is one of the units for students in that course.  

More information here.

7. Missouri  

Students must earn one-half credit in the area of personal finance to graduate.  

More information here.

8. Nebraska

Beginning with the 2023-24 school year, students must take at least five hours of personal finance or financial literacy classes to graduate high school.  

More information here.

9. North Carolina

Students are required to pass a personal finance class to graduate.  

More information here

10. Ohio

Students entering the ninth grade on or after July 1, 2022, must earn one-half credit of financial literacy to graduate.  

More information here.

11. Rhode Island

The state is developing a plan to create statewide standards for financial literacy in public schools.  

More information here.

12. Tennessee

High school students must take a half-year course in personal finance to graduate.  

More information here.

13. Utah

All high school students must take a half-year course on personal finance topics as well as an end-of-course assessment administered by the state.  

More information here.

14. Virginia

High school students must take one-year economics and personal finance course as a graduation requirement.  

More information here.

Check out the Money Vehicle textbook — you can find it here on Amazon. And if you like what you see, you can get more content sent directly to your inbox! Sign up for the Money Vehicle Movement Newsletter!

And check out our white paper: “Strategies for Increasing Financial Literacy Rates Among High School and College Students”

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