COMMONWEALTH OF VIRGINIA

DEPARTMENT OF EDUCATION

P.O. BOX 2120

RICHMOND, VIRGINIA 23218-2120

PRINS. MEMO NO. 17

April 22, 2008

ELEMENTARY/MIDDLE/SECONDARY

TO:

Principals

 

FROM:

Linda M. Wallinger

Assistant Superintendent for Instruction

 

SUBJECT:

The Financial Literacy Challenge

 

High school teachers are invited to participate in the Financial Literacy Challenge, planned for late April 2008. An initiative of the President's Advisory Council on Financial Literacy, this recognition program will use a voluntary test to determine high levels of financial literacy among America's high school students.

 

The Financial Literacy Challenge will be offered online, and will involve 35 questions on basic personal finance. The Challenge should take the average student 40 to 45 minutes to complete. In most instances, a computer lab will be required.

 

Students scoring above the 75th percentile of national scores will be eligible for recognition from the President's Advisory Council on Financial Literacy. Students compete individually for recognition. Beginning in late April 2008, the Financial Literacy Challenge will be available online for approximately three weeks. Teachers may choose any day within the challenge window to have students participate. Participation is free.

 

High school teachers may register for the official distribution list by sending an e-mail to flc@do.treas.gov and including Interest in Financial Literacy Challenge in the subject line of the e-mail. In the coming weeks, registered participants will receive additional information about a forthcoming website which will feature frequently asked questions, a user guide for teachers, and a technical validation test to ensure the Financial Literacy Challenge will run successfully on your computers.

 

The Financial Literacy Challenge will be administered by participating teachers online. In very limited circumstances, special arrangements may be made for students without Internet access. For more information, contact Deborah Kiger Bliss, mathematics coordinator, Office of Middle and High School Instruction, by e-mail at Deborah.Bliss@doe.virginia.gov or telephone at (804) 786-6418.

 

LMW/DKB