Standards and Mandates

Standards and Mandates

The Illinois State Standards for Economics & Financial Literacy can be found inside Illinois’s Standards for Social Science.

Elementary School Requirement

Although the Financial Education standards appear in Illinois Standards for Social Science, it is important to note that they align to themes in Elementary grades across content areas and that many of the resources we offer in support are appropriate for interdisciplinary implementation, particularly in math. A curated list of vetted resources is available in our FinEd Elementary Resources

High School Requirement

Every High School Student must complete a minimum 9-week sequential unit in Financial Education that includes the 7 required topics of instruction (IL Statute).

Considerations for the High School Requirement

  • Programming: School programmers must create a duplicate roster using one of several non-credit course codes and add the instructor and students recieving their 9-week unit. Do not wait to program. Program when semester programming occurs and assign the duplicate roster to the class period students will be recieving their required unit.
  • Cadence: Minimum 9-weeks: Units must be taught by the final day of grade entry for the semester.
  • Content: A unit of study in financial education covers each of the Seven Core Areas of Financial Education. The seven core areas are Economic Concepts, Money Management, Banking, Credit, Insurance, Investing and Consumer Protection.
  • *If you are implementing the Financial Education requirement in Civics, please note the following: HB 4025 requires a minimum of one semester of Civics instruction. Schools can implement the Financial Education unit in one full-year course only in order to meet both requirements.
  • Schools offering a semester or year-long semester in a course that includes the required topics (such as Financial Algebra, Seminar courses, Microeconomics) will satisfy students' FinEd graduation requirement but still require the attachment of one of our FinEd Course codes.

Related Documents