June 30, 2008

Homeschooler Among Top Award Winners
in Financial Literacy Challenge

By Will Estrada
Director of Federal Relations

In early May, the U.S. Treasury Department sent out information on the National Financial Literacy Challenge to schools nationwide. This online test, offered to all high school students in the U.S., sought to raise awareness of financial issues by testing young people on their knowledge of basic personal finance.

Bruno Family

Eighteen-year-old homeschooler Nicholas Bruno worked diligently with his family in Texas to prepare for the National Financial Literacy Challenge. Nicholas was among ten students nationwide whose perfect scores earned them college scholarships.

The Treasury Department actively worked with HSLDA to ensure that homeschooled students would be able to take this test.

As a result, many homeschoolers were among the 46,000-plus students nationwide who took part in this test. Students who were in the top 25th percentile of the national scores received recognition from the President’s Advisory Council on Financial Literacy. And, nearly 400 students, including many homeschoolers, earned the National Financial Literacy Award, a medal from U.S. Treasury. These students answered at least 94 percent of the questions correctly.

Thirty-five students nationwide earned perfect scores. Ten of these students were randomly chosen to be recognized by the President’s Advisory Council on Financial Literacy at its June 18 meeting in Washington, D.C., where they were awarded a college scholarship.

One of the top ten award winners was Nicholas Bruno, an 18-year-old homeschool student from Texas. Nicholas, his parents Mario and Theresa, and sisters, Kirstie and Carissa, came to our nation’s capital to receive the award and be recognized.

“We thank God for this opportunity he has given Nicholas and our family and pray we may all use it well to His glory,” said Theresa Bruno. “The Financial Literacy Challenge provides a reminder for parents to teach stewardship to their children.”

Nicholas agreed, telling HSLDA, “It is very important to learn about managing your finances responsibly—this knowledge is necessary throughout your life, whether buying a car, buying a house, paying for school, etc.”

HSLDA applauds Nicholas’s achievement, as well as the outstanding accomplishments of all of the homeschool students who received recognition from the Treasury Department.

 Other Resources

A revised financial literacy challenge will be offered this fall. Click here for more information.