Louisiana

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

State Department of Education Link http://www.doe.state.la.us/  
Legislation and Authorization Signed by the governor 6/18/10, Act 327 provides for Free Enterprise as an elective course rather than a prerequisite to high school graduation and requires that Free Enterprise instruction, including personal finance, be included in Civics; expands the Civics requirement to one full year beginning in the 2011-2012 school year; and allows certain students a choice as to how to fulfill Civics and Free Enterprise course requirements. Louisiana is aligning state assessments and end-of-course tests to the new academic standards, phasing in additional common core test items each year until completely measuring students’ achievement of the Common Core State Standards in English language arts and math in 2014-2015. (LA Dept of Ed)
Links to State Bills  
Additional Links  
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 Free Enterprise, Unit 10 - Personal Economics covers personal finance content. Time frame suggested is one week. The unit includes application of fundamental economics concepts to decisions about personal finance; careers/jobs in Louisiana; personal spending, saving and credit, consequences of saving; and investment and perspectives on interest rates. Civics Standard, Unit 8 also includes personal finance content - four week time frame.
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 NO 
Personal Finance Course Required for Graduation   NO
Personal Finance Content required in Economics or Other Course Required for Graduation  

YES Louisiana Minimum course requirements for graduation include – 2011- 2012 One full year (1 unit) Civics includes personal finance/free enterprise/economics. 2009 1/2 unit of Civics or AP American Government, 1/2 unit of Free Enterprise; Civics and Free Enterprise courses include personal finance/economics content.

Prescribed or Recommended Personal Finance Curriculum  YES The academic curriculum on the DOE website, “Louisiana Comprehensive Curriculum 2012” includes Social Studies, Civics Unit 8 -Financial Literacy.
State Requires Economic Reasoning /Thinking Skills  NO
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  YES Louisiana is revising assessments in social studies and science to be launched in 2014-2015.
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 the governor 6/18/10, Act 327 provides for Free Enterprise as an elective course rather than a prerequisite to high school graduation and requires that Free Enterprise instruction, including personal finance, be included in Civics; expands the Civics requirement to one full year beginning in the 2011-2012 school year; and allows certain students a choice as to how to fulfill Civics and Free Enterprise course requirements.
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month YES July 2008 Designates April 2008, as Youth Financial Literacy Month. YES Resolution -Designates April 28, 2005 as "Youth Personal Financial Literacy Day at the Louisiana State Capitol."