NEW YORK, N.Y. – On Friday, June 8, Working in Support of Education (W!se) held its annual Scholars Reception to honor high school students who earned a score of 95% or higher on W!se’s 2017-18 national standardized Financial Literacy Certification Test. The Test is administered each year at high schools from 48 states that participate in W!se’s award-winning Financial Literacy Certification program. The Reception was hosted by Deutsche Bank.

Students received W!se’s National Scholars Award for their outstanding achievement; those who earned a perfect 100% score on the Test also received the W!se “Centurion’s Honor Cord.”

This year’s featured speaker was Paul Allen, a career executive from the financial services industry. “As someone who has spent the majority of his professional career in financial services, there is nothing more rewarding than to see high school students taking advantage of developing an advanced level of financial literacy early in life, he remarked. Adhering to a discipline of sound financial management will serve them well throughout their lives regardless of the circumstances they are confronted with.”

Other notable speakers included Kresimir Marusic, Managing Director at Deutsche Bank and Jocelyn Reed Dubose, a Senior at Cardinal Spellman HS, who shared how the Financial Literacy Certification program has substantially improved her own money habits.

“These financial literacy scholars deserve a round of applause for their outstanding achievement on our Certification Test,” said W!se President & CEO Phyllis F. Perillo. “In today’s world, it is essential that all high school students receive financial education and we commend those high schools who are providing their students with a lifetime gift.”


The Financial Literacy Certification program is an innovative and high impact initiative in financial education designed to help high school students graduate financially literate. Participating schools teach a course on personal finance and then administer W!se’s nationally standardized Financial Literacy Certification Test. To support instruction, W!se provides professional development, a curriculum aligned to national and state standards and other value added teaching tools. A hallmark program feature is the W!se CFL™. Students who pass the Certification Test become Certified Financially Literate (CFL™). The program, now in 48 states, is rapidly growing and has become integral to personal finance instruction in thousands of classrooms. It is supported by leading U.S. institutions including the Allstate Foundation, Wells Fargo Foundation, Voya Foundation, Valley National Bank, Capital One, Santander Bank, Investors Foundation, Synchrony Financial, New York City Council, The Malone Family Foundation, the Financial Services Roundtable (FSR) Foundation and The Raymond J. and Mary C. Reisert Foundation.


Working In Support of Education (W!se), a national educational not-for-profit, improves the lives of young people through programs in 48 states that develop financial literacy and readiness for college and careers.

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