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National Financial Literacy Challenge

On January 22, 2008, President Bush signed an Executive Order establishing the President’s Advisory Council on Financial Literacy. The Council held its first meeting in February. One of its initial recommendations to the U.S. Department of the Treasury was to focus on increasing financial education for young people. A new U.S. Treasury Department initiative, the National Financial Literacy Challenge, is a recognition program that will use a voluntary, online test to determine and recognize high levels of financial literacy among America’s high school students.

High school teachers are invited to save a class period between April 28 and May 16, 2008 for their students to take the National Financial Literacy Challenge. Teachers may choose any day within this three-week competition window for their students to take the Challenge. A computer lab or individual computers with Internet access will be required.

On the day the Challenge is offered at their school, students will have up to one hour to complete all of the questions. The Challenge includes 35 questions on basic personal finance, and should take 40- 45 minutes to complete, on average. The questions correlate to the national standards published in 2007 by the Jump$tart Coalition for Personal Finance. Since this is a competitive exercise, the Challenge questions will not be released beforehand.

Students must be at least 13 years old to participate. There are no prerequisites for student participation, and there is no charge to participate.

Student Recognition

Students will individually compete for recognition. Students scoring in the top 25th percentile of the nation’s scores will be recognized by the U.S. Treasury Department. The nation’s top-scoring students may be eligible for additional recognition, including the possibility of a college scholarship funds from one of the nation’s leading corporate foundations.

How Home-Schooled High School Students Can Participate

If you are a homeschool teacher of high school students, please use the form below with your membership number. HSLDA will then give you the access code and other information you will need to register your students. Teacher registrations will be subject to verification by the U.S. Treasury Department.

Beginning on April 28, you can register your students at and find additional further details and teacher FAQs. If you have additional questions, please email the Office of Financial Education, at and include “FLC Questions” in the subject line of your email.

Ed Bodensiek
Director of Outreach
Office of Financial Education
U.S. Department of the Treasury

The Challenge was developed by the U.S. Treasury Department in consultation with four non-governmental economists and the Jump$tart Coalition for Personal Finance, Junior Achievement USA, the National Council on Economic Education, and the National Endowment for Financial Education.

Register online now

Enter your member information below and press Submit. Your info will be used to validate that you have an active HSLDA membership, which ensures that you are a homeschool teacher.

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