Pennsylvania Schools to Implement Mandatory Personal Financial Literacy Course

Pennsylvania Schools to Implement Mandatory Personal Financial Literacy Course

Starting in 2026-27, Pennsylvania high schools will be required to provide a mandatory course in personal financial literacy worth at least half a credit.

Pennsylvania high schools will soon be required to offer a course in personal financial literacy as part of the graduation requirements. Starting in the 2026-27 school year, students will have to complete a course worth at least half a credit in order to graduate. This new law aims to equip students with the necessary knowledge and skills to make informed financial decisions in their everyday lives. Pennsylvania is one of 25 states that have implemented a personal finance requirement, reflecting a growing trend across the country.

The Importance of Personal Financial Literacy Education

Personal financial literacy education is crucial for students as they navigate the complexities of the modern financial landscape. Many students enter adulthood without a clear understanding of budgeting, credit cards, and other financial concepts. By providing a mandatory course in personal financial literacy, Pennsylvania schools aim to bridge this knowledge gap and empower students to make informed financial decisions.

Advocacy and Legislative Efforts

The push for personal financial literacy education in Pennsylvania was driven by advocacy groups such as Next Gen Personal Finance. This nonprofit organization has been instrumental in promoting personal finance requirements in high schools across the country. Next Gen Personal Finance worked closely with State Sen. Chris Gebhard, who proposed the requirement that eventually became law. The organization believes that all high school students should receive at least one semester of personal finance education before graduating.

Implementation Challenges

While the passage of the law is a significant milestone, the next challenge lies in its implementation. The Pennsylvania Department of Education is now tasked with developing a model curriculum and resources aligned with state academic standards. The state Board of Education is currently working on updating these standards to incorporate financial literacy. The goal is to ensure that all schools have access to quality financial literacy education, regardless of their location or socioeconomic status.

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Addressing Inequity in Financial Literacy Education

One of the motivations behind the new law was to address the inequity in access to financial literacy education. Currently, schools in more affluent areas are more likely to offer personal finance courses, leaving students in less privileged areas at a disadvantage. By mandating the course, the law aims to level the playing field and ensure that all students have the opportunity to develop essential financial skills.

Philadelphia’s Efforts in Financial Literacy Education

In Philadelphia, where access to personal finance courses appears to be limited, organizations like Philadelphia Financial Scholars are working to fill the gap. They offer free curriculum, lesson plans, and professional development to schools implementing personal finance courses. Mastery Charter School-Pickett in Germantown is one such school that has been teaching personal finance for years. They have recently partnered with Philadelphia Financial Scholars to enhance their curriculum and training.


The implementation of a mandatory personal financial literacy course in Pennsylvania schools marks a significant step towards equipping students with the knowledge and skills necessary for financial success. By providing students with a solid foundation in personal finance, Pennsylvania aims to empower the next generation to make informed financial decisions and navigate the complexities of the modern world. However, the successful implementation of the law will depend on the development of quality curriculum, adequate resources, and ongoing support for educators.