NASHVILLE, Tenn. — Tennessee ranks top in the nation in financial literacy education according to research done by the Center for Financial Literacy at Champlain College in Burlington Vermont. The Center, which is a partnership among financial institutions, nonprofit organizations and government agencies to promote financial literacy, recently released a report ranking states efforts to increase the financial capabilities of students.
Tennessee was one of only 7 states receiving the top grade “A.”
“This is great news for Tennessee,” said Senate Education Committee Chairman Dolores Gresham (R-Somerville), who was the prime sponsor of legislation in 2010 creating the Tennessee Financial Literacy Commission. “I believe our efforts to provide students with increased financial literacy skills will pay great dividends for our students and their families in the future and help them plan for college expenses.”
The Center said Tennessee’s grade was based on the state’s inclusion of personal finance topics in K-12 instructional guidelines, the requirement for financial literacy instruction as a prerequisite to high school graduation, implementation of assessment tests on financial literacy topics, a requirement students must take one semester course requirement in personal finance before graduation and the creation of the Financial Literacy Commission.
For more information about teacher training opportunities or other state financial literacy efforts go to: http://treasury.tn.gov/FinLit/.