Idaho offers financial literacy as an elective course option for students. The state has defined 40 financial literacy standards spanning 10 topic areas that districts can incorporate into their course offerings.
Last updated: March 2026
Does Idaho Require Financial Literacy Education?
Not as a requirement. Idaho offers financial literacy as an elective option, meaning districts may choose to include it but students are not required to complete it for graduation. Idaho does not have a statewide mandatory financial literacy requirement at the high school level. However, financial concepts may be integrated into social studies, mathematics, and elective courses. Individual districts may implement financial literacy programs based on local priorities.
Mandate Details
- Status
- elective
- Standalone Course
- No
- Grade Levels
- 9-12
- Legislation
- HB 92 (2023) / Idaho Code 33-1615 (March 20, 2023 (signed by Governor Little; applies to grade 9 students starting 2023-2024, fully implemented for graduates in 2027))
Key Agencies
What Are Idaho's Financial Literacy Standards?
Idaho has 40 financial literacy standards organized across 10 topic areas. These topics range from Taxes and Banking & Payments to Postsecondary Financing, covering the full spectrum of personal finance education.
How Idaho School Districts Adopt Financial Literacy Curriculum
Idaho is a state adoption state, meaning curriculum must appear on a state-approved list before districts can purchase it with state funds. Idaho is a state adoption state where the State Board of Education maintains an approved adoption list for core instructional materials, particularly in K-8 English Language Arts and Mathematics.
Purchasing Process
Idaho uses a hybrid model combining state adoption lists for K-8 core subjects with district choice options for high school materials and non-core subjects. Districts may select from the state-approved list or request waiver approval for alternative materials.
Decision Level
Core instructional materials for K-8 are selected from state adoption lists, but districts retain autonomy in implementing purchases and can request exceptions. High school and specialized materials are primarily district-selected.
Textbook Adoption Cycle
6 years
English Language Arts, Mathematics (K-8); Science and Social Studies on alternating cycles
Idaho operates on a rotating 6-year adoption cycle for core subjects. Vendors should monitor IDEAFW announcements for upcoming adoption windows in specific subject areas. K-8 materials are prioritized in the adoption process.
Cooperative Purchasing Options
Curriculum That Meets Idaho's Financial Literacy Standards
Districts looking for a standards-aligned financial literacy curriculum can use iKnowFi Academy — a self-paced, online platform built on the Absorb LMS that maps directly to Idaho's learning objectives. iKnowFi Academy covers 37 of 40 standards (92.5% coverage) across 8 courses.
Idaho Standards Coverage
92.5%Aligned Courses
Borrowing Money
Establishing Credit
Financial Building Blocks
Financial Preparation and Recovery
Managing Your Money
The Importance of Saving
Using Credit Cards
Your Financial Future
Idaho's Financial Literacy Standards & iKnowFi Academy Alignment
All 40 standards — 37 covered by iKnowFi Academy.
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.21 | Analyze the federal tax system and how it relates to citizens, their income, and society. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.21 | Analyze the state tax system and how it relates to citizens, their income, and society. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.21 | Analyze the local tax system and how it relates to citizens, their income, and society. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.22 | Explain how sales taxes affect financial decisions related to personal finances. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.22 | Explain how property taxes affect financial decisions related to personal finances. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.22 | Explain how sales taxes affect financial decisions related to public services. | 9-12 | — |
| 9-12.EC.22 | Explain how property taxes affect financial decisions related to public services. | 9-12 | — |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.15 | Demonstrate procedures for opening checking and savings accounts. | 9-12 | Managing Your Money |
| 9-12.EC.15 | Demonstrate procedures for managing checking and savings accounts. | 9-12 | Managing Your Money |
| 9-12.EC.15 | Demonstrate procedures for writing checks. | 9-12 | Managing Your Money |
| 9-12.EC.15 | Demonstrate procedures for managing virtual accounts. | 9-12 | Managing Your Money |
| 9-12.EC.15 | Demonstrate procedures for accessing account statements. | 9-12 | Managing Your Money |
| 10.2 | Research and compare different banking opportunities for saving money | K-12 | The Importance of Saving |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.14 | Demonstrate how to set financial goals. | 9-12 | Managing Your Money |
| 9-12.EC.14 | Analyze the costs and benefits of spending decisions. | 9-12 | Managing Your Money |
| 10.2 | Develop routines and practices for effective use of budgeting tools | K-12 | Financial Building Blocks |
| 10.3 | Evaluate short-term and long-term trade-offs and risks in financial decisions | K-12 | Borrowing Money |
| 10.3 | Develop personal strategies for financial decisions consistent with goals and values | K-12 | Managing Your Money |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.23 | Build a monthly budget for an individual given income, savings goals, taxes, and expenses. | 9-12 | Financial Building Blocks |
| 9-12.EC.23 | Build a monthly budget for a family given income, savings goals, taxes, and expenses. | 9-12 | Financial Building Blocks |
| 10.1 | Set a short-term financial goal and develop a budget and action plan to achieve it | K-12 | Financial Building Blocks |
| 10.1 | Set short-term and long-term financial goals and develop a detailed budget based on earnings and spending history | K-12 | Financial Building Blocks |
| 10.1 | Use budgeting or financial management tools to track and analyze income and expenses | K-12 | Financial Building Blocks |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.17 | Research information on credit options available to consumers. | 9-12 | Establishing Credit |
| 9-12.EC.17 | Analyze information on credit options available to consumers. | 9-12 | Borrowing Money |
| 9-12.EC.19 | Research factors that affect creditworthiness and credit scores. | 9-12 | Establishing Credit |
| 9-12.EC.19 | Report on factors that affect creditworthiness and credit scores. | 9-12 | Establishing Credit |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.18 | Use comparison shopping skills to make purchasing decisions. | 9-12 | Managing Your Money |
| 9-12.EC.18 | Use comparison shopping skills to make major purchasing decisions. | 9-12 | Using Credit Cards |
| 9-12.EC.24 | Identify modern consumer skills, tools, and practices. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.24 | Evaluate modern consumer skills, tools, and practices. | 9-12 | Financial Preparation and Recovery |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.20 | Describe how life insurance protects against loss and mitigates financial consequences. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.20 | Describe how health insurance protects against loss and mitigates financial consequences. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.20 | Describe how home insurance protects against loss and mitigates financial consequences. | 9-12 | Financial Preparation and Recovery |
| 9-12.EC.20 | Describe how auto insurance protects against loss and mitigates financial consequences. | 9-12 | — |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.16 | Evaluate types of investments to determine how they meet objectives of a personal financial plan. | 9-12 | Your Financial Future |
| 9-12.EC.16 | Evaluate compound interest over time in investment decisions. | 9-12 | The Importance of Saving |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 10.2 | Research and identify trusted financial information and resources related to a financial goal | K-12 | Financial Preparation and Recovery |
| 10.3 | Use criteria to evaluate and select among financial products or providers | K-12 | Managing Your Money |
| ID | Standard | Grade | iKnowFi Academy Course |
|---|---|---|---|
| 9-12.EC.18 | Use comparison shopping skills for college education decisions. | 9-12 | Your Financial Future |
Idaho Financial Literacy FAQ
Idaho offers financial literacy as an elective, not a graduation requirement.
Idaho does not have a statewide mandatory financial literacy requirement at the high school level. However, financial concepts may be integrated into social studies, mathematics, and elective courses. Individual districts may implement financial literacy programs based on local priorities.
Idaho's financial literacy requirement is established by HB 92 (2023) / Idaho Code 33-1615. Effective March 20, 2023 (signed by Governor Little; applies to grade 9 students starting 2023-2024, fully implemented for graduates in 2027).
Requires each school district, specially chartered district, and public charter school serving students in grades 9-12 to provide all students one or more courses in personal financial literacy and money management; completing the course fulfills the financial literacy component of the high school graduation requirement.
Idaho's financial literacy standards apply to grades 9-12. Standards are integrated into existing coursework.
Idaho has 40 financial literacy standards spanning 10 topic areas including Banking & Payments, Financial Decision-Making & Behavior, Taxes, Budgeting & Cash Flow, Credit & Debt.
Idaho's 40 standards are organized across 10 topics: Banking & Payments, Financial Decision-Making & Behavior, Taxes, Budgeting & Cash Flow, Credit & Debt, Consumer Protection & Fraud, Insurance & Risk Management, Investing, Financial Systems & Regulation, Postsecondary Financing.
Idaho uses a state adoption process. Districts select from a state-approved vendor list.
Idaho uses a hybrid model combining state adoption lists for K-8 core subjects with district choice options for high school materials and non-core subjects. Districts may select from the state-approved list or request waiver approval for alternative materials.
iKnowFi Academy covers 37 of Idaho's 40 financial literacy standards (92% coverage) across 8 self-paced online courses.
Each course is aligned to Idaho's specific learning objectives, built on the Absorb LMS, and includes built-in assessments. Teachers assign them and students work independently.
Get Your Free Idaho Standards Alignment Report
See exactly how iKnowFi Academy maps to each of Idaho's 40 financial literacy standards — standard by standard, module by module.
- 37 of 40 standards covered
- 8 self-paced courses, ready to assign
- Built-in assessments and progress tracking
- No schedule changes needed — students work independently
Ready to see the full alignment?
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