Economics & Personal Finance
News & Announcements
Working in Support of Education (W!se) Announces the W!se Blue Star Schools for the 2017-2018 School Year
Congratulations to the 258 schools nationwide who were announced in September 2018 as earning the designation of W!se Blue Star Schools for the 2017-2018 school year. To be designated a Blue Star School, a school must have achieved an 80% or above passing rate on the W!se Financial Literacy Test and have EITHER a majority of students on a given grade level take the test OR achieve a minimum average score of 85%. Of the 258 schools listed-This is a PDF document., 166 or 64% of them were Virginia schools. These schools were honored at W!se’s annual MoneyPOWER Conference for Financial Educators in New York City and presented with Blue Star banners. Also honored at the Conference were the 566 teachers from W!se’s national network who became Gold Star teachers in 2018. 430 or 76% of these teachers are from Virginia. Congratulations to this year’s Blue Star Schools for an outstanding achievement and sincere thanks for the tremendous hard work in helping to improve the financial literacy of our nation’s young people.
Page County High School Profiled in W!se’s 2018 Financial Literacy Video
W!se showcased its latest financial literacy video at the MoneyPOWER Conference. Page County High School, the second placed school in W!se’s 2018 ranking of the 100 Best High Schools Teaching Personal Finance is prominently featured. Seven schools from Virginia placed among the top twenty schools in the ranking and forty five placed among the ranking of 100 schools overall.
Students Excel on the W!se Financial Literacy Certification Test and Earn Recognition
A record 80, 932 students took W!se’s Financial Literacy Certification Test in the 2017-8 school year. 77% of these students passed the Test earning W!se’s VDOE approved CFL™ Industry Certification. This passing rate was 3% higher than the average rate among students at schools from the other 47 states in W!se’s national network. 6,560 students from Virginia scored 95% or higher on the Certification Test, earning recognition as W!se Financial Literacy Scholars. These students made up a remarkable 75% of all Financial Literacy Scholars nationally.
Two students from Virginia, Anna Lynn Hart of Nandua High School and Raquel Turner of Richmond Community High School, were among the five winners of W!se’s 2018 Financial Literacy Ambassador Award, each earning a $2,000 cash prize. A record number of applications were received from W!se’s Financial Literacy Scholars in 23 states and each one was carefully reviewed and rigorously scored by a panel of 20 judges.
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.