Research & Reports
Assessing the Effectiveness of Financial Education Course Formats in Washington State
Findings from a Mixed-Methods Study of Instructional
Models in Middle and High Schools
This mixed-methods study, examines the impact of standalone versus embedded course formats for teaching financial education in Washington middle and high schools. Supported by a 2025 Washington state legislative appropriation (ESSB 6950.SL), the study draws on data from nearly 1,600 students and 39 educators across 30 schools. We show that standalone courses are associated with higher student knowledge, confidence, and engagement. However, when instructional time and educator experience are held constant, student learning is the same across both formats. The study highlights the importance of contact hours, educator preparation, relevant content, and access to supports in delivering high-quality, equitable financial education.
Access the executive summary slide deck
Prepared by: Center for Economic and Financial Education (CEFE) at Western Washington University and Washington Council for Economic and Financial Education (WACEFE)
July 2025