Financial Foundation Test

The National Financial Educators Council’s Testing Center provides complimentary tests and results for individuals and organizations to measure their financial competencies.

The Financial Foundation Test measures participants’ ability to make the common financial decisions people face when they first move out on their own and their capabilities around basic financial topics. 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.

About the NFEC

The NFEC is a Certified B Corporation® and IACET Accredited Provider whose mission is focused on providing top-quality financial education programming, certification for financial education instructors, developing standards for the financial education industry, and making a positive social impact. Our enterprise has supported the development of thousands of programs over the last decade.

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Financial Foundation Test Score Summary

Average Score

71%

Percent Pass

61%

Percent Fail

39%

Please note that the average score for 15-18 year olds was 57.15%

Additional Testing

Financial Foundation Test

Take the Advanced Financial Education Test

This personal finance test asks more advanced questions and 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 and adults alike.

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 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.

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