Teaching and Learning

Financial Education K-12 Learning Standards


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Financial Education Standards - September 2016

Washington State Financial Education K-12 Learning Standards (PDF)
(October 2016)

Washington’s Basic Education Act requires that school districts provide opportunities for every student to “understand the importance of work and finance and how performance, effort, and decisions directly affect future career and educational opportunities.”

Legislative mandates include:

  • RCW 28A.655.070: The Office of the Superintendent of Public Instruction (OSPI) will “develop and periodically revise essential academic learning requirements that identify the knowledge and skills all public school students need to know and be able to do.”
  • RCW 28A.300.460 (2)(d): The Financial Education Public Private Partnership will “work with the office of the superintendent to integrate financial education skills and content knowledge into the state learning standards.”
  • RCW 28A.300.462: School districts are encouraged to “voluntarily adopt the jumpstart coalition national standards in K-12 personal financial education and provide students with an opportunity to master the standards.”

The Financial Education Public-Private Partnership, The Center for Economic and Financial Education at Western Washington University, the Council for Economic Education, and OSPI Learning and Teaching and Career and College Readiness will collaborate on implementing these mandates.

Implementation of Financial Education K–12 Learning Standards
In January 2016, 11 educators met to consider existing resources and student needs related to financial education. The group reviewed the essential components of financial education standards. Using Jump$tart Standards as a foundation, work began in three grade-band teams: Elementary (K–5), Middle School (6–8), and High School (9–12). Through discussion and review of the national standards, recommendations were made for grade-level benchmarks. Feedback was pursued from Washington’s Curriculum Advisory Review Committee (CARC) and from OSPI subject matter experts (see timeline below).

Financial Education Standards FAQ

Review and Recommendations

Notice of Public Comment
In an effort to make our state financial education standards the most effective and relevant to Washington students, FEPPP and OSPI will solicit public input for a 30-day period in summer 2016. Please read the standards and offer your feedback in support of developing a complete and coherent set of Financial Education K-12 Learning Standards for Washington. Superintendent Dorn plans to officially adopt the Financial Education K-12 Learning Standards in September 2016.

Standards Development and Adoption Process

Anticipated Timeline

Phase

Activities for Financial Education Standards Development

Dec. 2015 – May 2016

1 – Identify Need for Standards

2 – Draft Standards

Per 2015 SSB 5202 (national Financial Literacy standards to be adopted)

  • Review and development process – work with FEPPP Education Committee
  • Review and vet with OSPI Curriculum Advisory Review Committee (Nov. 16-17)
  • Work with stakeholders (FEPPP) on implementation planning
  • Identify workgroups / staff to build recommendations for explicit ways to make connections across subjects and standards
  • Bias and Sensitivity / other implementation considerations
  • Brand standards for WA (covers / front matter)
  • Copy Editor review and revision

June and July 2016

3 – Solicit Public Review and Input

  • Public draft review and input

August -September 2016

4 – Final Adoption

  • August 2016: Final document to Curriculum Advisory Review Committee, asking for adoption recommendation to Superintendent Dorn; implementation input
  • Superintendent Dorn signs formal adoption – September 2016

Late Fall 2016 - ongoing

5 – Implementation

  • Continue work with educators and stakeholder to develop resources for linking standards and implementation models

Financial Education Standards Committee Members

Tracy Godat
Chief Administrative Officer, Financial Education Public-Private Partnership
360-725-6260 | Tracy.Godat@k12.wa.us

Pam Whalley
Director and President, Center for Economic and Financial Education, WWU
360-650-4823 | Pamela.Whalley@wwu.edu

Marissa Rathbone, MAT
Director of Operations, Learning and Teaching
360-481-5842 | Marissa.Rathbone@k12.wa.us

Carol Coe, Ph.D.
Social Studies Program Supervisor, OSPI
360-725-6351 | Carol.Coe@k12.wa.us

Mary Nagel
Program Supervisor, Family and Consumer Sciences Education
360-725-6242 | Mary.Nagel@k12.wa.us

 

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   Updated 11/14/2017

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