Champlain College Center Grades 50 States on Personal Finance Education in High Schools

BURLINGTON, VT.— Responding to a national need to produce more financially literate citizens, Champlain College's Center for Financial Literacy has issued a report card that grades the 50 states in terms of their efforts to strengthen personal finance education in high schools.

"The focus is on high schools because that is where data is and it's where personal finance education belongs," says John Pelletier, director of the center. "For many Americans, education stops at high school. A college education is not the solution. Very few colleges offer a personal finance elective for student to take and just a few institutions require personal finance instruction as a graduation requirement."

Pelletier noted that the state grades are based on financial literacy legislation summaries maintained by National Conference of State Legislatures for the last 14 years and on reports issued by the JumpStart Coalition and the Council for Economic Education. Researchers at the center double-checked inconsistencies with additional research, but the grades are only as accurate as these public sources of information. Inaccuracies could result in grades that are too lenient or too harsh.

"I believe that at a minimum, states should require personal finance topics be taught as part of another required course," says Pelletier. "A standalone high school course is often difficult to achieve with many local and state governmental organizations taking the position that a new personal finance course requirement is not possible."

Another barrier, he says, is teacher training. Champlain's center has offered a graduate- level course for teachers in Vermont for the past three summers to give teachers the confidence, skills and curriculum tools that they need to successfully bring personal finance instruction successfully into their classrooms.

"We were only able to give 40 percent of states grades that you would want your children to bring home from school-grades A or B," Pelletier says. "My dream, of course, would be for all states to earn an A grade. I hope that over the next year the states with grades C, D and F will do much more to bring these critically important topics to their high school students."

2013 National Report Card

State-by-state grades follow, with expanded explanations for each state's grade linked here.

States with an A Grade (7 States or 14%)

Georgia, Idaho, Louisiana, Missouri, Tennessee, Utah, and Virginia.

States with a B Grade (13 States or 26%)

Arizona, Colorado, Illinois, Kansas, New Hampshire, New Jersey, New York, North Carolina, Ohio, South Carolina, South Dakota, Texas and West Virginia.

States with a C Grade (8 States or 16%)

Indiana, Iowa, Kentucky, Mississippi, Nevada, New Mexico, Oklahoma and Wisconsin.

States with a D Grade (11 States or 22%)

Florida, Maine, Maryland, Michigan, Minnesota, Montana, North Dakota, Oregon, Pennsylvania, Vermont and Wyoming.

Flunking States (11 States or 22%)

Alabama, Alaska, Arkansas, California, Connecticut, Delaware, Hawaii, Massachusetts, Nebraska, Rhode Island and Washington.

The full report is available here.

Champlain College's Center for Financial Literacy is nationally acclaimed, one-of-a-kind program aimed at increasing knowledge of money matters in classrooms across the country, ensure college students graduate with the skills to make sound decisions about spending, credit and investments, and help adults navigate difficult financial situations like buying a home and saving for retirement. A partnership among several financial institutions, non-profit entities and governmental agencies, its goals are to promote and develop financial literacy skills in K-12 students, college students, teachers (K-12 and college) and adults, and advocate for financial education opportunities at the local, state and national level.


  • John Pelletier, director of the Center for Financial Literacy, Champlain College, 802-860-2744,
  • Stephen Mease, director of Public Information and News, Champlain College, 802-865-6432,

Founded in 1878, Champlain College is a small, not-for-profit, private college in Burlington, Vermont, with additional campuses in Montreal, Canada, and Dublin, Ireland. Champlain offers a traditional undergraduate experience from its beautiful campus overlooking Lake Champlain and over 90 residential undergraduate and online undergraduate and graduate degree programs and certificates. Champlain's distinctive career-driven approach to higher education embodies the notion that true learning occurs when information and experience come together to create knowledge. Champlain College is included in the Princeton Review's The Best 384 Colleges: 2019 Edition. For the fourth year in a row, Champlain was named a "Most Innovative School" in the North by U.S. News & World Report's 2019 "America's Best Colleges,” and a “Best Value School” and is ranked in the top 100 “Regional Universities of the North” and in the top 25 for “Best Undergraduate Teaching.” Champlain is also featured in the Fiske Guide to Colleges for 2019 as one of the "best and most interesting schools" in the United States, Canada and Great Britain and is a 2019 College of Distinction. For more information, visit