SUMMARY OF GRADE
Significant Accomplishments: Financial Education website
Needs Improvement: Needs to require high school stand-alone personal finance course and implement grade-specific K-8 financial literacy standards
AN IN-DEPTH LOOK
Alaska fails to instruct its students in financial literacy. There is no required personal finance course, nor is financial literacy embedded in K-12 standards. Graduating students must have earned three Social Studies credits, but there is no distinction for what those credits must include. SB99 was introduced in 2023 and would require a half credit personal finance course for graduation. Currently, the bill has passed the Senate but stalled in the House before the end of the regular session. While the bill has not passed, its movement through the legislature indicates some interest in taking steps forward in financial education.
Despite excluding financial literacy in any standards or curriculum, the Alaska Department of Education & Early Development website includes Financial Education Materials and Sample Lesson Plans for teachers by linking sources from the U.S. Department of Housing and Urban Development and Jump$tart Coalition for Personal Financial Literacy.
Alaska receives an “F” for not ensuring any financial literacy instruction for its students. In order to improve its grade to an “A,” Alaska needs to ensure financial literacy instruction from Grades K-12 through implementing grade-specific K-8 financial literacy standards and requiring a high school stand-alone course.