Kansas

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

State Department of Education Link http://www.ksde.org/ 
Legislation and Authorization Signed by the governor 5/21/09, Chapter 130 requires the State Board of Education to develop state curriculum standards for personal financial literacy for all grade levels within the existing mathematics or other appropriate subject matter curriculum. Senate Bill 74, enacted by the Kansas Legislature in 2003 states: "The Kansas State Board of Education shall...
1.Authorize and assist in the implementation of programs on teaching personal financial literacy: consumer financial education, personal finance and personal credit.
2.Develop curriculum, materials and guidelines for instruction on personal financial literacy.
3.Develop standards and objectives for all grade levels within the existing mathematics curriculum or another appropriate subject-matter curriculum.
4.Encourage school districts to select those textbooks which contain substantive provisions on personal finance, including personal budgeting, credit, debt management and similar personal financial topics."
Links to State Bills  
Additional Links  
Stand-Alone Personal Finance Standards NO There are no Kansas Department of Education Stand-Alone Standards, however The Jump $tart National Standards in K-12 Personal Finance Education have been identified as the financial literacy standards for Kansas. (April 2012) (www.jumpstart.org/national-standards.html) These standards are addressed in established course competencies: Mathematics, Social Studies, Family and Consumer Sciences, and Business.
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards YES Adopted April 2013. Personal Finance content includes - This unit is about personal financial management. The student should investigate the processes involved in economic life. Students should understand income, spending, saving, credit, interest, banking, insurance and other important economic applications in their lives. The development of human capital and the wise application of the knowledge of economics should be the focus of this unit. Includes interest (compound/simple), credit and borrowing, financial markets, banking, human capital, income, disposable/discretionary income, money management and budgeting, insurance, saving, spending, investing. Students will understand that when borrowing money the consumer is receiving credit that must be repaid. Students will explore what goods and services in their community are paid for by taxes. They will consider how people’s wants and needs are met through spending and saving decisions. Students will explore the consequences of borrowing and lending.
Personal Finance Embedded in Mathematics Common Core Standard Minor amount
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered YES Offered -Consumer and Personal Finance course offered in Family and Consumer Sciences.
Personal Finance Course Required for Graduation  NO
Personal Finance Content required in Economics or Other Course Required for Graduation   NO Kansas does not require personal finance or economics for graduation.
Prescribed or Recommended Personal Finance Curriculum 

NO

State Requires Economic Reasoning /Thinking Skills  YES
State Standard Correlated with Jump$tart Financial Literacy Standard YES The Jump $tart National Standards in K-12 Personal Finance Education have been identified as the financial literacy standards for Kansas. (www.jumpstart.org/national-standards.html) April 2012.
State Assessment of Personal Finance Required  YES State assessments focus on the (Social Studies, Economics - Personal Finance) Standards and Benchmarks adopted April 2013. State performance assessments will measure students’ ability to integrate content as part of their understanding of the Standards and Benchmarks. Note: Chapter 130 signed by governor 2009, bill requires the State Board of Education to include questions relating to personal financial literacy in the statewide assessments for mathematics or social studies when the statewide assessments for mathematics or social studies are reviewed or rewritten.
Financial Literacy Bills Currently Being Considered by the State Legislature 2013 Legislature - H.B. 2282 establishes the Personal Financial Literacy Incentive Program for the purpose of rewarding teachers who have incorporated instruction concerning personal financial literacy into an existing mathematics curriculum or another appropriate subject-matter curriculum. These teachers would be paid an incentive bonus in an amount to be determined by the secretary of Commerce. The bonus payments would be subject to appropriations. The bill outlines eligibility requirements and directs the secretary of Commerce to establish standards, additional criteria and the rules and regulations necessary to implement and carry out these provisions.
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  Signed by the governor 5/21/09, Chapter 130 requires the State Board of Education to develop state curriculum standards for personal financial literacy for all grade levels within the existing mathematics or other appropriate subject matter curriculum. The bill also requires the State Board to encourage school districts, when selecting textbooks for mathematics, economics, family and consumer science, accounting, or other appropriate courses, to select textbooks containing substantive provisions on personal finance. In addition, the bill requires the State Board of Education to include questions relating to personal financial literacy in the statewide assessments for mathematics or social studies when the statewide assessments for mathematics or social studies are reviewed or rewritten. Requires the State Board to examine the questions relating to personal financial literacy and rewrite such questions in order to determine if programs on personal financial literacy are equipping students with the knowledge and skills needed to become self-supporting and to enable students to make critical decisions regarding personal finances. A 2008 bill signed by the governor provides that any time the balance remaining in the real estate recovery revolving fund is greater than $250,000, any amount over $250,000 may be used by the commission for the following purposes: (1) Production and distribution of an agency newsletter; (2) monitoring education courses; (3) expansion of materials available for consumers; and (4) education grants to high schools and universities for course materials on money management and home ownership.
State Appropriations and State Dept Education Funding for K-12 YES Includes grants to high schools for course materials. 2008
Established Financial Literacy Month N/A