Advanced Financial Education Test

The Advanced Financial Education Test is focused solely on financial literacy topics. The test includes questions on loan payments, inflation, risk-based pricing, FICO scoring, loan qualification, and investments. This test is suitable for high school students, college students, and adults.

The Testing & Survey Center was developed with 3 core objectives: providing resources for financial educators, offering tools for people interested in improving their financial knowledge, and giving the media up-to-date information about the current state of financial literacy.

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Advanced Financial Education Test Score Summary

16,574 Respondents as of January 2025

Average Score

58.18%

Percent Pass

41.8%

Percent Fail

58.2%

2024 Results Only: 60.81%

Back to Main Testing Center

Additional Testing

Take the National Financial Capability Test

This 30-question test measures knowledge of financial literacy and income generation (career & entrepreneurship). This test has broader questions that measure participants’ ability to earn money and manage their personal finances. Over 100,000 people – high school students through adults – have completed this test.

Take the Test

View Results

Take the Financial Foundation Decisions Test

This 8-question test was designed to establish whether a person possesses the knowledge to make entry-level financial decisions, including purchasing a car, renting a home, college affordability, credit cards, and loan terms and associated payments.

Take the Test

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Take the Student Loan Test

Given the current student loan crisis, the NFEC developed this test so students can measure their ability to make responsible student loan decisions. This 12-question test covers student loan qualification, repayment, loan sources, and consequences of default. Every college-bound student and current college students considering loans should take this exam.

Take the Test

View Results

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One Comment

Trevor Stoll May 12, 2015 at 4:16:16 PM

A big thank you goes out to Harry Chernoff, Chief Economist at Pathfinder Capital Advisors, who corrected question 9. Your contributions and writing of the question ‘The biggest risk of owning long-term bonds for capital preservation is:’ is appreciated. Learn more about Harry at pathfindercap.com.