Tennessee

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

State Department of Education Link http://www.state.tn.us/education/   
Legislation and Authorization Signed by governor 5/20/11, Public Chapter 212 Requires that state board of education mandate revisions to financial literacy education, including as component on certain achievement tests, after recommendations made by financial literacy commission. Tennessee State Board of Education high school policy 2.103 - Students must complete ½ credit in Personal Finance.
Links to State Bills  
Additional Links  
Stand-Alone Personal Finance Standards YES Personal Finance Standards are stand-alone standards in the Social Studies Standards. Personal Finance is a course designed to inform students how individual choices directly influence occupational goals and future earnings potential. Real world topics covered will include income, money management, spending and credit, as well as saving and investing. Students will design personal and household budgets; simulate use of checking and saving accounts; demonstrate knowledge of finance, debt, and credit management; and evaluate and understand insurance and taxes. This course will provide a foundational understanding for making informed personal financial decisions.
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences NO
Personal Finance Embedded in Social Studies or Economics Standards NO Social Studies Economics Standards do not include personal finance.
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
Personal Finance Course Required for Graduation  YES Tennessee State Board of Education high school policy 2.103 - Students must complete ½ credit Personal Finance course.
Personal Finance Content required in Economics or Other Course Required for Graduation   NO In Tennessee, Personal Finance is a separate required course and is not included in economics course. The economics requirement for graduation may be satisfied by business economics, international business/marketing, one credit in a core marketing education course if the teacher is highly qualified to teach economics, or out-of-school experiences through Junior Achievement. (Approved by TN Board of Education, October 2012)
Prescribed or Recommended Personal Finance Curriculum  YES
State Requires Economic Reasoning /Thinking Skills  YES
State Standard Correlated with Jump$tart Financial Literacy Standard YES However, not all standards are correlated.
State Assessment of Personal Finance Required  YES Tennessee Public Chapter 212 signed by the governor 5/20/11 requires that the state board of education mandate revisions to financial literacy education, including as component on certain achievement tests
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  Public Chapter 212 signed by the governor 5/20/11 requires that the state board of education mandate revisions to financial literacy education, including as component on certain achievement tests, after recommendations made by financial literacy commission.
State Appropriations and State Dept Education Funding for K-12

YES 2011 $1.7 million grant from the U.S. Department of Education in 2010. The Tennessee Department of Education contracted MTSU to develop, implement, and evaluate middle school and high school personal finance instructional materials and teacher training.

HB 3753 BILL -2006 Professional development in financial literacy and teaching resources for teachers. There is created in the state treasury a fund to be known as the “financial literacy fund”. State funds and private contributions for the promotion of financial literacy shall be deposited into the financial literacy fund.

Established Financial Literacy Month N/A