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Pennsylvania auditor general urges earlier and broader financial literacy, highlights Be Money Smart program
Summary
Auditor General Tim Dufour discussed the statewide Be Money Smart initiative, a proposed half-credit for graduating seniors under Act 35 beginning in 2026–27, an intern-to-hire auditor program, and advice for seniors and students to avoid financial scams.
Auditor General Tim Dufour said Pennsylvania should teach financial literacy earlier and more broadly, describing his office’s Be Money Smart initiative and partnerships with schools, nonprofits and the Pennsylvania Higher Education Assistance Agency (PHEAA).
Dufour said the state-level push includes promoting a law known as Act 35, which the interview says will require graduating high-school seniors to complete a half credit of financial literacy beginning in the 2026–27 academic year, and a range of outreach including school visits, a statewide high-school competition and teacher supports.
In a roughly 32-minute interview on PHEAA’s Higher Education Access Corner, Dufour said he started the Be Money Smart program after hearing college students ask questions about personal finance and finding few K–12 programs across Pennsylvania. “I…
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