Working in Support of Education, or w!se, a New York City-based, national educational nonprofit, announced its sixth annual “100 Best w!se High Schools Teaching Personal Finance” national ranking during a ceremony sponsored by Voya Financial at the Federal Reserve Bank of New York.
Irondequoit High School was recognized as a Top 100 school at the ceremony. Irondequoit High School and the other top 100 schools were honored with a banner.
The award-winning program provides teachers with a curriculum and instructional resources to teach personal finance and measure students’ financial literacy through w!se’s certification test. Students who pass the test are designated Certified Financially Literate. Schools in 43 states participated in the certification program, up from 40 in the prior year. Since its introduction, the program has become an integral tool to teach personal finance in thousands of classrooms across the U.S.
The 100 Best w!se High Schools Teaching Personal Finance ranking seeks to highlight the importance of personal finance education. High school students are on the cusp of making important financial decisions, such as taking on student loans for college and applying for credit cards, making it vital that they are equipped to navigate these new financial frontiers.
Over 160 students who are enrolled in the Business Department at Irondequoit High School who completed the Career & Financial Management class performed at a level high enough to earn the Top 100 honor and the only school from Monroe County to be recognized as a Top 100 school. Business teachers Lou DiCesare, Jeanine Lent and LaVon Bucciarelli help deliver the instruction. Other high schools among the Top 30 are located in Illinois, Nebraska, New Jersey, New York, Massachusetts, Tennessee, Utah, Virginia and Wisconsin.
“Our certification initiative continues to grow rapidly each year,” said Phyllis Frankfort Perillo, founding president and CEO of w!se. “Warm congratulations to the 100 Best schools. You are the leaders in preparing young people with the knowledge and skills to make wise financial decisions and to have good financial habits that pave the way to a life of economic well-being.”
“Financial literacy is the key to securing financial independence. We are proud to support w!se and help advance its mission across the country,” said Braeden Mayrisch, program manager for Voya Financial, sponsor of this year’s ranking and ceremony. “Empowering students — our leaders of tomorrow — to better understand and take control of their finances aligns with Voya’s efforts to build financial knowledge and skills among young people and ultimately close the U.S. retirement savings gap. The top 100 schools, with their teachers and students are truly worthy of being honored today.”
W!se developed the ranking with support from an advisory board of psychometricians and experts from academia and finance. The predominant factor was the average score on the financial literacy certification test and the proportion of test takers to the school population.
The Financial Literacy Certification Program now includes more than five and a half million hours of instruction in participating high schools annually. The average passing rate for the 2015-16 school year was over 80 percent for students at schools participating in the certification program. All schools participating in the Financial Literacy Certification Program have an opportunity to earn a place on the “100 Best” list each year.