OLYMPIA - The Washington State Department of Financial Institutions (DFI) encourages high school teachers and afterschool programs across the state to sign their students up for the first National Financial Literacy Challenge.
The President's Advisory Council on Financial Literacy is launching the National Financial Literacy Challenge in the same spirit as the President’s Physical Fitness Challenge – a fun approach to personal growth and competition. The Challenge is a fun activity that motivates students to become educated about personal money management with recognition and prizes for top performers.
About The Challenge
The Challenge is free and will test the financial literacy levels of America’s high school students, ages 13-18. The challenge is open to high school classrooms as well as after-school non-profit community organizations.
The test can be taken anytime in the 3-week time period for the Challenge. The Challenge begins Monday, April 28, during financial literacy month, and concludes Friday, May 16.
The Challenge will be offered online, and consists of 35 questions on basic personal finance. The questions are based on the 2007 Jump standards. Larger classrooms may require the use of a computer lab.
Students should be able to complete the Challenge questions in 40-45 minutes. Students may only take the test once.
Students scoring in the top 25th percentile of national scores are eligible for recognition from the President’s Advisory Council on Financial Literacy. Recognition will include a certificate from the Council.
One student from each region (10 total regions across the U.S.) will also receive:
- $2,500 In Scholarship Money
- 2-day, all expenses paid trip to Washington D.C.
- $1,000 Donated To Their School/Organization