Alabama

State-by-State Assessment with Regard to Financial Literacy and Personal Finance Education Actions

State Department of Education Link

 

http://www.alsde.edu/  
Legislation and Authorization "S.B. 359 in 2013 Legislative Session
The bill requires the state Department of Education and the Board of Regents for Higher Education, in consultation with the Department of Banking, to (1) develop a plan to ensure that all students of public high schools, colleges, universities, and community technical colleges receive financial literacy instruction and (2) get any available federal, state, or private funds to implement the plan. They must present the plan to the Banks Committee by January 1, 2013. S.J.R. 95 Signed by governor 3/12/10, Act 207
Urges the Department of Education and the Alabama state Board of Education to require local school districts to incorporate a money management course in their curriculum for senior high school students." 
Links to State Bills S.J.R. 95
Additional Links 2010 social studies course of study - adopted draft.pdf
Stand-Alone Personal Finance Standards NO
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards YES Social Studies Course of Study for the 7th grade Civics course includes principles of money management. The 12th grade required semester course in Economics includes concepts of money, personal finance, opportunity costs, and financial literacy principles, including money management skills. (Adopted October 2012)
Personal Finance Embedded in Mathematics Common Core Standard Minor amount personal finance content is included in Common Core Financial Literacy for Life.
State Has Adopted Mathematics and English Language Arts Common Core YES Nov 2010 The Alabama State Board of Education approved the adoption of the internationally bench-marked Common Core State Standards along with selected Alabama Standards.
Personal Finance or Financial Literacy Course Required or Offered NO 
Personal Finance Course Required for Graduation   NO
Personal Finance Content required in Economics or Other Course Required for Graduation    YES Alabama requires Economics including financial literacy (1/2 credit) for high school graduation. (Adopted October 2012.) Economics course includes personal finance content: concepts of money, personal finance, opportunity costs, and financial literacy principles, including money management skills. Adopted 2012
Prescribed or Recommended Personal Finance Curriculum  ALEX (Alabama Learning Exchange) provides web resources and lesson plans on personal finance and financial literacy.
State Requires Economic Reasoning /Thinking Skills   YES Mathematics and Social Studies Common Core include general reasoning and thinking skills.
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  NO
Financial Literacy Bills Currently Being Considered by the State Legislature NONE 
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  Signed by governor 3/12/10, Act 207 S.J.R. 95 Urges the Department of Education and the Alabama state Board of Education to require local school districts to incorporate a money management course in their curriculum for senior high school students
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month N/A