Existing K-12 Financial Education Requirements

Financial education continues to see unprecedented momentum at the state level. In just the last few years, the number of states with K-12 financial education requirements has more than doubled. These requirements have taken many different forms depending on the state. Below is an overview of the different state requirements.

In 2025, Kentucky HB 342 passed the legislature and was signed by Governor Beshear. This brings the number of states that now have a financial literacy graduation requirement for all students to 27. For more information about developments prior to 2025, see NEFE’s Legislative Review Report.

States with k-12 requirements

States that require personal finance education for graduation

Alabama, California, Connecticut, Florida, Georgia, Iowa, Indiana, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Minnesota, Nebraska, New Hampshire, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, West Virginia, Wisconsin

States that have a partial personal finance education requirement

Arizona, Arkansas, Idaho, Montana, Nevada, New Mexico, North Dakota, Texas

States that do not have any personal finance education requirement

Alaska, California, Colorado, Delaware, Hawaii, Illinois, Kentucky, Maine, Maryland, Massachusetts, New Jersey, New York, Oklahoma, South Dakota, Vermont, Washington, Wyoming