What is it about?
The purpose of this article is to document the status of personal finance course offerings at universities and colleges in the U.S. With data collected from internet, which is merged with a dataset compiled by the Carnegie Mellon Foundation, results demonstrate that 14% of the higher education institutions in the U.S. offer personal finance courses for credits.
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Why is it important?
Among them, institutions that are very large, public, highly research active, with low access and having students with higher earnings after graduation are most likely to offer personal finance courses among comparable groups. In addition, land grant, regional public, community engagement and with medical center universities are more likely to offer personal finance courses, compared to their counterparts. Among personal finance courses offered, most are for undergraduate students, the most common credit hours are three, the most common course title is “personal finance” or a title including a phrase of “personal finance,” and the most commonly offering unit is college of business administration.
Perspectives
I have been teaching personal finance courses for many years. I witnessed that the course was first offered at land grant universities in the last century's 80s and now it becomes more common in both public and private universities and colleges in the U.S.
Dr. Jing Jian Xiao
University of Rhode Island
Read the Original
This page is a summary of: Financial literacy education to college students in the U.S., International Journal of Bank Marketing, September 2026, Emerald,
DOI: 10.1108/ijbm-07-2026-0800.
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