Economics & Personal Finance
News & Announcements
Virginia Economics and Personal Finance Students Again Lead the Nation in Success on the Working in Support of Education (W!se) Financial Literacy Credential
Working in Support of Education (W!se), a national educational nonprofit, announced the 2021 ranking of its “100 Best W!se High Schools Teaching Personal Finance” on April 21, 2021 during a virtual ceremony sponsored by Voya Financial®. The High School for Math, Science, and Engineering in New York City earned first place. Hurley High School from Virginia placed second. Holston High School, also from Virginia, placed third. Foreman High School located in Arkansas placed fourth. Passaic County Technical Institute in New Jersey placed fifth. Fifty-seven of the top 100 schools were from Virginia. A complete listing of the 100 Best High Schools is available.
The “100 Best”schools participate in W!se’s Financial Literacy Certification program and supports personal finance instruction in high schools. Participating schools teach personal finance and administer W!se’s Financial Literacy Certification Test. Students passing the Test become Certified Financially Literate™ (CFL), a nationally recognized credential. Through the program, now offered in 49 states, more than one million students have graduated from high school financially literate. Metrics for the “100 Best” schools ranking includes the average Test score from each school with consideration given to the number of test takers and the socio-economic background of the students at each school.
W!SE Financial Literacy Certification
As outlined in the W!SE Financial Literacy Certification Test Proctoring Guidelines, students may have three attempts per semester to pass the W!SE test. Also, students with disabilities must receive the testing accommodations specified in their IEP or Section 504 Accommodation Plans, following the specific instructions given in the Proctoring Guidelines document. For more information, see Superintendent's Memo 274-16.
Instruction in economics and personal finance prepares students to function effectively as consumers, savers, investors, entrepreneurs, and active citizens. Students learn how economies and markets operate and how the United States’ economy is interconnected with the global economy. On a personal level, students learn that their own human capital (knowledge and skills) is their most valuable resource.
Beginning with students entering ninth grade in fall 2011, one standard unit of credit in Economics and Personal Finance is required for graduation with a Standard or Advanced Studies Diploma. Students may earn this credit by successfully completing the course at any time during their high school career. Students with disabilities seeking a Modified Standard Diploma may use the course to satisfy one of the three required mathematics credits.