Connecticut requires financial literacy education for public school students. The state has 220 financial literacy standards spanning 18 topic areas, covering grades 6-8, 9-12.

Last updated: March 2026

220 Standards
18 Topic Areas
required Mandate Status
6-8, 9-12 Grade Levels

Does Connecticut Require Financial Literacy Education?

Yes. Connecticut requires financial literacy instruction for public school students. Connecticut requires financial literacy education as part of social studies curriculum standards. Standards emphasize personal finance, money management, and economic decision-making at multiple grade levels.

Mandate Details

Status
required
Standalone Course
No
Grade Levels
6-8, 9-12
Legislation
SB 1165 / Public Act 23-21 (2023-07-01)

Key Agencies

Connecticut State Department of Education (CSDE)
Sets academic standards and provides guidance on curriculum materials alignment
Connecticut Department of Administrative Services (DAS)
Manages state procurement processes and vendor registration
Connecticut Association of Boards of Education (CABE)
Represents school boards and facilitates cooperative purchasing initiatives
Connecticut Regional Educational Service Centers (RESCs)
Provide regional support, procurement assistance, and cooperative purchasing opportunities for member districts
What this means for districts: Schools must adopt curriculum that aligns to Connecticut's 220 financial literacy standards. Districts need to verify that their chosen curriculum maps to these specific requirements.

What Are Connecticut's Financial Literacy Standards?

Connecticut has 220 financial literacy standards organized across 18 topic areas. These topics range from Credit & Debt and Banking & Payments to Housing & Mortgages, covering the full spectrum of personal finance education.

44 standards
Credit & Debt
44 covered
31 standards
Banking & Payments
26 covered 5 gaps
16 standards
Financial Decision-Making & Behavior
14 covered 2 gaps
14 standards
Budgeting & Cash Flow
14 covered
13 standards
Taxes
13 covered
13 standards
Saving
13 covered
12 standards
Retirement Planning
11 covered 1 gap
12 standards
Insurance & Risk Management
11 covered 1 gap
10 standards
Investing
10 covered
8 standards
Identity Theft & Cyber Safety
8 covered
8 standards
Postsecondary Financing
8 covered
7 standards
Macroeconomics/Market Context
3 covered 4 gaps
7 standards
Employment & Benefits
7 covered
7 standards
Consumer Protection & Fraud
7 covered
6 standards
Earning Income
5 covered 1 gap
6 standards
Net Worth & Wealth Building
6 covered
5 standards
Financial Systems & Regulation
3 covered 2 gaps
1 standard
Housing & Mortgages
1 covered

How Connecticut School Districts Adopt Financial Literacy Curriculum

Connecticut is an open territory state, meaning individual districts have the authority to select and purchase curriculum directly without state-level approval. Connecticut does not maintain a state adoption list. Districts have autonomy to select instructional materials that align with state standards and their local needs.

Purchasing Process

Individual school districts conduct their own procurement processes, often using RFPs or direct purchases from vendors. Districts may participate in cooperative purchasing agreements to leverage volume discounts.

Decision Level

Purchasing decisions are made at the district level, with some coordination through regional service centers and state guidance on standards alignment.

Cooperative Purchasing Options

Connecticut Association of Boards of Education (CABE) Regional Educational Service Centers (RESCs) ConnPURCHASE (Connecticut Purchasing Cooperative) National Cooperative Purchasing Alliance (NCPA)

Curriculum That Meets Connecticut'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 Connecticut's learning objectives. iKnowFi Academy covers 204 of 220 standards (92.7% coverage) across 10 courses.

Connecticut Standards Coverage

92.7%
204 of 220 standards covered 10 courses

Aligned Courses

Borrowing Money

4 modules · 23 standards aligned

Establishing Credit

4 modules · 10 standards aligned

Financial Building Blocks

3 modules · 23 standards aligned

Financial Preparation and Recovery

4 modules · 34 standards aligned

Making Housing Decisions

1 module · 1 standard aligned

Managing Your Debt

4 modules · 10 standards aligned

Managing Your Money

3 modules · 43 standards aligned

The Importance of Saving

2 modules · 9 standards aligned

Using Credit Cards

3 modules · 11 standards aligned

Your Financial Future

4 modules · 40 standards aligned

Connecticut's Financial Literacy Standards & iKnowFi Academy Alignment

All 220 standards — 204 covered by iKnowFi Academy.

Credit & Debt 44/44 covered
ID Standard Grade iKnowFi Academy Course
FI:002 Define the term credit. 9-12 Establishing Credit
FI:002 Describe types of credit commonly extended to credit users (e.g., revolving credit, bank credit cards, consumer loans, etc.). 9-12 Borrowing Money
FI:002 Identify sources of credit. 9-12 Borrowing Money
FI:002 Explain costs associated with the use of credit (e.g., APR, late fees, service charges, etc.). 9-12 Using Credit Cards
FI:002 Discuss the advantages and disadvantages of fixed- and adjustable-rate credit. 9-12 Borrowing Money
FI:002 Describe costs associated with the extension of credit. 9-12 Borrowing Money
FI:002 Explain reasons that businesses extend credit. 9-12 Borrowing Money
FI:002 Describe the types of benefits credit users may receive from the use of credit. 9-12 Using Credit Cards
FI:782 Define the following terms: annual percentage rate, periodic interest rate, average daily balance, and cost of credit. 9-12 Borrowing Money
FI:782 Explain how interest increases the cost of credit. 9-12 Borrowing Money
FI:782 Discuss reasons for calculating the cost of credit. 9-12 Borrowing Money
FI:782 Demonstrate techniques for calculating the cost of credit. 9-12 Borrowing Money
FI:071 Define the following terms: annual fee and late fee. 9-12 Using Credit Cards
FI:071 Discuss reasons to use credit wisely. 9-12 Using Credit Cards
FI:071 Describe possible consequences of using credit unwisely. 9-12 Using Credit Cards
FI:071 Identify situations that result in credit-history problems. 9-12 Managing Your Debt
FI:071 Discuss methods for selecting sources of credit. 9-12 Borrowing Money
FI:071 Explain techniques to use credit wisely (e.g., limiting the number of credit cards, paying off credit balances, paying more than monthly minimum balance, and avoiding cash advances). 9-12 Using Credit Cards
FI:071 Monitor credit reports. 9-12 Establishing Credit
FI:071 Demonstrate ways to use credit wisely. 9-12 Using Credit Cards
FI:072 Define the terms credit report, credit score/rating, and credit reporting agency. 9-12 Establishing Credit
FI:072 Explain reasons to check one’s credit history. 9-12 Establishing Credit
FI:072 Discuss methods for obtaining one’s credit history. 9-12 Establishing Credit
FI:072 Explain information included in a credit report. 9-12 Establishing Credit
FI:072 Discuss techniques used to validate one’s credit history. 9-12 Establishing Credit
FI:072 Describe techniques for disputing information found in a credit report. 9-12 Establishing Credit
FI:072 Demonstrate methods to validate a personal credit history. 9-12 Establishing Credit
FI:625 Explain factors that affect whether a person will be granted a loan (e.g., character, capacity, collateral). 9-12 Borrowing Money
FI:625 Discuss factors to consider in selecting a consumer loan to obtain. 9-12 Borrowing Money
FI:625 Describe how APR impacts choice of loans. 9-12 Borrowing Money
FI:625 Explain the role of cosigners when applying for a loan. 9-12 Borrowing Money
FI:625 Identify documentation that must be supplied when applying for a consumer loan. 9-12 Borrowing Money
FI:625 Identify information that must be provided on a consumer loan application. 9-12 Borrowing Money
FI:625 Demonstrate procedures for applying for a consumer loan. 9-12 Borrowing Money
FI:568 Define the terms insolvent, total debt, total assets, bankruptcy, debt consolidation, secured debt, unsecured debt, forbearance, foreclosure, and bankruptcy. 9-12 Managing Your Debt
FI:568 Identify causes of excessive debt. 9-12 Managing Your Debt
FI:568 Explain how contacting creditors can help when excessive debt occurs. 9-12 Managing Your Debt
FI:568 Discuss options that delinquent borrowers can use to control debt (e.g., repayment plan, forbearance, loan modification, etc.). 9-12 Managing Your Debt
FI:568 Discuss actions creditors can take when individuals fail to pay their loans (e.g., use of debt collectors, garnishment, repossession, foreclosure). 9-12 Managing Your Debt
FI:568 Identify warning signs of debt crisis. 9-12 Financial Preparation and Recovery
FI:568 Explain the nature of bankruptcy. 9-12 Managing Your Debt
FI:568 Discuss the impact of bankruptcy (e.g., on credit reports, future credit acquisition, employment, etc.). 9-12 Managing Your Debt
FI:568 Demonstrate ways to control debt. 9-12 Managing Your Debt
PD:154 Discuss common types of lending products and services (e.g., mortgages, vehicle loans, lines of credit, credit cards, cash advances, debt consolidation, etc.). 9-12 Borrowing Money
Banking & Payments 26/31 covered
ID Standard Grade iKnowFi Academy Course
FI:058 Define the following terms: cash, credit, debit, electronic funds transfer, negotiable instruments, promissory notes, holder in due course. 9-12 Managing Your Money
FI:058 Describe the advantages and disadvantages of different forms of financial exchange. 9-12 Managing Your Money
FI:058 Discuss how credit and debit cards and checks are used as forms of financial exchange. 9-12 Managing Your Money
FI:560 Explain the information that must be provided on checks. 9-12 Managing Your Money
FI:560 Describe how to fill out checks correctly. 9-12 Managing Your Money
FI:560 Discuss the importance of legibility in filling out checks. 9-12 Managing Your Money
FI:560 Discuss how to place a stop payment on checks. 9-12 Managing Your Money
FI:560 Describe how to endorse checks. 9-12 Managing Your Money
FI:560 Demonstrate procedures for writing checks. 9-12 Managing Your Money
FI:069 Define the following terms: maintain, checkbook register, savings register, deposit, and withdrawal. 9-12 Managing Your Money
FI:069 Identify types of financial records that should be maintained (e.g., checkbook register, savings register). 9-12 Managing Your Money
FI:069 Discuss reasons to keep bank account records up to date. 9-12 Managing Your Money
FI:069 Discuss procedures used to maintain financial records. 9-12 Managing Your Money
FI:069 Demonstrate procedures used to maintain financial records. 9-12 Managing Your Money
FI:070 Define the following terms: reconcile, bank statement, transaction, transaction fee, balance, and overdraft protection. 9-12 Managing Your Money
FI:070 Explain the components of a bank statement. 9-12 Managing Your Money
FI:070 Identify problems that may occur when bank statements are not reconciled. 9-12 Managing Your Money
FI:070 Discuss actions to take if a bank statement is incorrect. 9-12 Managing Your Money
FI:070 Explain procedures for balancing a bank account. 9-12 Managing Your Money
FI:070 Demonstrate how to balance a bank account. 9-12 Managing Your Money
FI:075 Identify types of financial-services providers. 9-12 Managing Your Money
FI:075 Describe banking services. 9-12 Managing Your Money
FI:075 Compare types of banking institutions. 9-12 Managing Your Money
FI:075 Discuss online services provided by financial institutions. 9-12 Managing Your Money
PD:154 Explain deposit account products and services (e.g., checking accounts, savings accounts, certificates of deposit [CDs], debit/ATM cards, overdraft protection, etc.). 9-12 Managing Your Money
PD:154 Describe common electronic banking services (e.g., wire transfers, online banking, online bill pay, electronic funds transfer [EFT] payments, automated teller machines [ATMs], mobile banking, etc.). 9-12 Managing Your Money
FI:058 Discuss how negotiable instruments are used as forms of financial exchange. 9-12 —
PD:154 Define the following terms: overdraft protection, Automated Clearing House (ACH), asset management, and lockbox. 9-12 —
PD:154 Identify asset management services (e.g., trust services, safety deposit boxes, etc.). 9-12 —
PD:154 Identify customer-service channels frequently used in personal banking (e.g., brick and mortar branches, call centers, mobile app, etc.). 9-12 —
PD:154 Describe miscellaneous common personal banking products and services (e.g., cashier's checks, certified checks, money orders, notary services, etc.). 9-12 —
Financial Decision-Making & Behavior 14/16 covered
ID Standard Grade iKnowFi Academy Course
FI:060 Explain how money is used as an incentive. 9-12 Managing Your Money
FI:065 Discuss the value of planning in meeting financial goals. 9-12 Financial Building Blocks
FI:065 Identify obstacles to meeting financial goals. 9-12 Managing Your Money
FI:065 Describe characteristics of useful financial goals. 9-12 Managing Your Money
FI:065 Explain a financial goal-setting process. 9-12 Managing Your Money
FI:065 Demonstrate procedures for setting financial goals. 9-12 Managing Your Money
FI:567 Describe ways to give to charities. 9-12 Financial Preparation and Recovery
FI:783 Discuss reasons for considering the consequences of financial decisions. 9-12 Managing Your Money
FI:783 Describe the impact of impulse spending. 9-12 Managing Your Money
FI:783 Demonstrate how to make responsible financial decisions. 9-12 Managing Your Money
FI:076 Discuss situations requiring financial-services providers. 9-12 Your Financial Future
FI:076 Describe ways in which financial-services providers are paid. 9-12 Using Credit Cards
FI:076 Explain obstacles in relying on the advice of financial-services providers. 9-12 Your Financial Future
FI:076 Explain factors used to evaluate financial-services providers. 9-12 Your Financial Future
FI:567 Explain criteria that can be used to evaluate a charitable organization. 9-12 —
FI:567 Discuss how to check out a charity before contributing. 9-12 —
Budgeting & Cash Flow 14/14 covered
ID Standard Grade iKnowFi Academy Course
FI:066 Define the following terms: personal budget, income, and expenses. 9-12 Financial Building Blocks
FI:066 Identify common personal income and expenses. 9-12 Financial Building Blocks
FI:066 Distinguish between fixed and variable expenses. 9-12 Financial Building Blocks
FI:066 Discuss the importance of developing a personal budget to manage spending and reach financial goals. 9-12 Financial Building Blocks
FI:066 Explain steps for developing a personal budget. 9-12 Financial Building Blocks
FI:066 Explain the role of ongoing tracking and analysis when budgeting. 9-12 Financial Building Blocks
FI:066 Demonstrate steps for developing a personal budget. 9-12 Financial Building Blocks
FI:565 Identify frequently paid bills. 9-12 Financial Building Blocks
FI:565 Explain information usually found on bills. 9-12 Using Credit Cards
FI:565 Discuss the importance of verifying charges identified on billing statements. 9-12 Using Credit Cards
FI:565 Describe methods to contest incorrect bills. 9-12 Establishing Credit
FI:565 Describe ways that bills can be paid (e.g., manually, electronically, direct withdrawal, etc.). 9-12 Managing Your Money
FI:565 Discuss the impact of failing to pay bills on time. 9-12 Financial Building Blocks
FI:565 Demonstrate procedures for paying bills. 9-12 Financial Building Blocks
Taxes 13/13 covered
ID Standard Grade iKnowFi Academy Course
FI:061 Discuss tax implications associated with sources of income. 9-12 Financial Preparation and Recovery
FI:067 Define the term tax liability. 9-12 Financial Preparation and Recovery
FI:067 Describe types of taxes (e.g., income, sales, property, excise, etc.). 9-12 Financial Preparation and Recovery
FI:067 Identify levels of government that collect taxes (i.e., federal, state, local). 9-12 Financial Preparation and Recovery
FI:067 Explain the purpose of taxes. 9-12 Financial Preparation and Recovery
FI:067 Discuss who is required to pay taxes. 9-12 Financial Preparation and Recovery
FI:567 Distinguish between the terms tax exempt and tax deductible. 9-12 Financial Preparation and Recovery
FI:074 Define the terms adjusted gross income, 1040 tax form, taxable income, exemptions, and deductions. 9-12 Financial Preparation and Recovery
FI:074 Identify criteria for filing personal income tax forms. 9-12 Financial Preparation and Recovery
FI:074 Describe the information contained on a W-2 form. 9-12 Financial Building Blocks
FI:074 Explain an employer’s responsibility for providing employees with W-2 forms. 9-12 Financial Building Blocks
FI:074 Identify forms of income that must be reported on personal income tax forms. 9-12 Financial Building Blocks
FI:074 Demonstrate procedures for preparing a personal income tax form. 9-12 Financial Preparation and Recovery
Saving 13/13 covered
ID Standard Grade iKnowFi Academy Course
FI:062 Define the terms time value of money, inflation, interest rate, present value, and compound interest. 9-12 The Importance of Saving
FI:062 Describe how time impacts the value of money. 9-12 The Importance of Saving
FI:062 Explain information that is needed when considering the time value of money (i.e., date at which the dollar amount is measured and the interest rate applied). 9-12 The Importance of Saving
FI:062 Explain the impact of inflation on the value of money. 9-12 The Importance of Saving
FI:062 Discuss situations in which the present value is needed. 9-12 The Importance of Saving
FI:270 Define the following terms: saving, investing, financial needs, and financial goals. 9-12 Managing Your Money
FI:270 Identify types of financial needs (e.g., college, retirement, wills, insurance, etc.). 9-12 Your Financial Future
FI:270 Discuss ways individuals meet financial needs. 9-12 The Importance of Saving
FI:270 Discuss the importance of setting financial goals to meet financial needs. 9-12 Managing Your Money
FI:270 Distinguish between saving and investing. 9-12 The Importance of Saving
FI:270 Compare the outcome of saving/investing early versus late in life. 9-12 Your Financial Future
FI:270 Describe ways individuals benefit from saving/investing. 9-12 The Importance of Saving
FI:783 Explain the importance of saving and investing regularly. 9-12 The Importance of Saving
Retirement Planning 11/12 covered
ID Standard Grade iKnowFi Academy Course
FI:569 Define the term retirement planning, asset allocation, and vesting. 9-12 Your Financial Future
FI:569 Explain the importance of starting early when planning for retirement. 9-12 Your Financial Future
FI:569 Discuss factors to consider when planning for retirement (e.g., inflation rates, health care needs, housing needs/costs, desired retirement age, etc.). 9-12 Your Financial Future
FI:569 Distinguish between defined benefit retirement plans and defined contribution retirement plans. 9-12 Your Financial Future
FI:569 Cite an example of a defined benefit retirement plan (e.g., pension plan). 9-12 Your Financial Future
FI:569 Cite an example of a defined contribution retirement plan (e.g., 401(k), 403(b)). 9-12 Your Financial Future
FI:569 Distinguish between an individual retirement account (IRA) and a Roth IRA. 9-12 Your Financial Future
FI:569 Explain the relationship between Social Security benefits and a benefit retirement plan. 9-12 Your Financial Future
FI:569 Discuss how the amount of Social Security benefits received at retirement is determined. 9-12 Your Financial Future
FI:569 Discuss how the use of asset allocation protects savings and investments. 9-12 Your Financial Future
FI:569 Describe techniques that can be used to close the gap between retirement savings and retirement expenses. 9-12 Your Financial Future
FI:569 Discuss protections that are in place to protect employees’ retirement plans. 9-12 —
Insurance & Risk Management 11/12 covered
ID Standard Grade iKnowFi Academy Course
FI:075 Explain services offered by insurance companies. 9-12 Financial Preparation and Recovery
FI:081 Define the following terms: insurance, premium, deductible, coverage, and liability. 9-12 Financial Preparation and Recovery
FI:081 Discuss the relationship between risk and insurance. 9-12 Financial Preparation and Recovery
FI:081 Explain the purpose of insurance. 9-12 Financial Preparation and Recovery
FI:081 Identify common types of insurance (e.g., property, liability, health, disability, life). 9-12 Financial Preparation and Recovery
FI:081 Describe insurance needs at different stages in life. 9-12 Financial Preparation and Recovery
FI:081 Discuss the consequences of not having insurance or being underinsured. 9-12 Financial Preparation and Recovery
FI:081 Explain how insurance works. 9-12 Financial Preparation and Recovery
FI:571 Describe factors to consider when determining the amount of insurance needed. 9-12 Financial Preparation and Recovery
FI:571 Discuss information needed to calculate insurance needs. 9-12 Financial Preparation and Recovery
FI:571 Demonstrate procedures for determining insurance needs. 9-12 Financial Preparation and Recovery
FI:571 Explain how determining life insurance needs differs from determining other insurance needs. 9-12 —
Investing 10/10 covered
ID Standard Grade iKnowFi Academy Course
FI:270 Explain the concept of using money to make money. 9-12 Your Financial Future
FI:075 Discuss investment services. 9-12 Your Financial Future
FI:075 Describe intermediation or advisory services (e.g., stock brokers, discount brokers, etc.). 9-12 Your Financial Future
FI:077 Define the following terms: savings accounts, money market accounts, certificates of deposit, bonds, lending investments, stocks, mutual funds, collectibles, ownership investments, securities. 9-12 Your Financial Future
FI:077 Explain the relationship between risk and return. 9-12 Your Financial Future
FI:077 Distinguish between lending and ownership investments. 9-12 Your Financial Future
FI:077 Identify types of lending investments (e.g., savings accounts, money market accounts, certificates of deposit, and bonds). 9-12 Your Financial Future
FI:077 Describe the risks and returns associated with lending investments. 9-12 Your Financial Future
FI:077 Identify types of ownership investments (e.g., stocks, mutual funds, collectibles, and real estate). 9-12 Your Financial Future
FI:077 Explain the risks and returns associated with ownership investments. 9-12 Your Financial Future
Identity Theft & Cyber Safety 8/8 covered
ID Standard Grade iKnowFi Academy Course
FI:063 Describe legal responsibilities associated with electronic financial products and services. 9-12 Financial Preparation and Recovery
FI:073 Define the following terms: identity theft, phishing. 9-12 Financial Preparation and Recovery
FI:073 Explain the importance of guarding against identity theft. 9-12 Financial Preparation and Recovery
FI:073 Identify ways in which one’s identity may be stolen. 9-12 Financial Preparation and Recovery
FI:073 Describe problems that may occur if a person becomes the victim of identity theft. 9-12 Financial Preparation and Recovery
FI:073 Explain what an individual should do if they fall victim of identity theft. 9-12 Financial Preparation and Recovery
FI:073 Discuss methods to protect against identity theft. 9-12 Financial Preparation and Recovery
FI:073 Demonstrate methods to protect against identity theft. 9-12 Financial Preparation and Recovery
Postsecondary Financing 8/8 covered
ID Standard Grade iKnowFi Academy Course
FI:831 Identify different types of higher education (e.g., college, university, non-profit, for-profit, public, private, 4-year institution, 2-year institution). 9-12 Your Financial Future
FI:831 Identify costs associated with attending a college/university. 9-12 Your Financial Future
FI:831 Discuss methods to save for a college education (e.g., 529 plans, mutual funds). 9-12 Your Financial Future
FI:831 Discuss aid sources for financing a college education (e.g., scholarships, grants, loans). 9-12 Your Financial Future
FI:831 Distinguish between scholarships and grants. 9-12 Your Financial Future
FI:831 Explain the role of financial aid in funding a college education. 9-12 Your Financial Future
FI:831 Discuss the federal student aid application and approval process. 9-12 Your Financial Future
FI:831 Describe the student loan repayment process. 9-12 Managing Your Debt
Macroeconomics/Market Context 3/7 covered
ID Standard Grade iKnowFi Academy Course
FI:060 Explain why money is used as a medium of exchange. 9-12 Managing Your Money
FI:060 Discuss how money is used as a unit of measure. 9-12 Managing Your Money
FI:060 Describe how money is used as a store of value. 9-12 Managing Your Money
FI:059 Define the following terms: currency, private currency, fiat currency, deposit money, representative money, commodity money, local currency, specie, and banknote. 9-12 —
FI:059 Discuss the importance of currency in an economy. 9-12 —
FI:059 Explain the advantages and disadvantages of fiat currency. 9-12 —
FI:059 Differentiate between coins and paper money. 9-12 —
Employment & Benefits 7/7 covered
ID Standard Grade iKnowFi Academy Course
FI:061 Discuss the use of benefits as a form of compensation. 9-12 Managing Your Money
FI:068 Define the following terms: pay period, gross income, net income, deduction, pension, 401(k), and FICA. 9-12 Financial Building Blocks
FI:068 Explain the components of a pay stub. 9-12 Financial Building Blocks
FI:068 Identify types of deductions that appear on pay stubs. 9-12 Financial Building Blocks
FI:068 Discuss reasons for interpreting a pay stub. 9-12 Financial Building Blocks
FI:068 Explain procedures for interpreting a pay stub. 9-12 Financial Building Blocks
FI:068 Demonstrate how to interpret a pay stub. 9-12 Financial Building Blocks
Consumer Protection & Fraud 7/7 covered
ID Standard Grade iKnowFi Academy Course
FI:063 Describe how consumers and financial institutions benefit from financial exchanges (i.e., both are legally protected at the time of the financial exchange as a result of the terms of the financial agreement). 9-12 Borrowing Money
FI:063 Explain legal responsibilities of borrowers and lenders in financial exchanges. 9-12 Borrowing Money
FI:567 Identify types of charitable-giving scams. 9-12 Financial Preparation and Recovery
FI:567 Discuss techniques for avoiding charitable-giving scams. 9-12 Financial Preparation and Recovery
FI:783 Discuss the importance of reading and understanding financial terms and offers. 9-12 Using Credit Cards
FI:783 Describe the benefits of comparison shopping. 9-12 Managing Your Money
FI:783 Explain financial scams to avoid. 9-12 Financial Preparation and Recovery
Earning Income 5/6 covered
ID Standard Grade iKnowFi Academy Course
FI:061 Define the following terms: wage, salary, interest, rent, dividends, and transfer payments. 9-12 Financial Building Blocks
FI:061 Distinguish between earned and unearned income. 9-12 Financial Building Blocks
FI:061 Explain the benefits and drawbacks of different sources of income. 9-12 Financial Building Blocks
FI:061 Describe the relationship between education and income. 9-12 Your Financial Future
FI:061 Discuss the influence of career choice on income. 9-12 Your Financial Future
FI:061 Explain the risks inherent in relying on receipt of inheritances. 9-12 —
Net Worth & Wealth Building 6/6 covered
ID Standard Grade iKnowFi Academy Course
FI:562 Define the terms asset, liability, and net worth. 9-12 Your Financial Future
FI:562 Identify personal assets. 9-12 Your Financial Future
FI:562 Identify personal liabilities. 9-12 Borrowing Money
FI:562 Explain the calculation of personal net worth. 9-12 Your Financial Future
FI:562 Discuss how knowing personal net worth can be beneficial. 9-12 Your Financial Future
FI:562 Prepare personal net worth statement. 9-12 Your Financial Future
Financial Systems & Regulation 3/5 covered
ID Standard Grade iKnowFi Academy Course
FI:058 Explain the need for forms of financial exchange. 9-12 Managing Your Money
FI:002 Describe legislation affecting the extension of credit. 9-12 Borrowing Money
FI:063 Identify regulations of consumer financial products and services (e.g., Truth in Lending Act, Federal Fair Debt Collection Practices Act, Equal Credit Opportunity Act). 9-12 Borrowing Money
FI:063 Explain legal responsibilities of investors and brokers in financial exchanges. 9-12 —
FI:063 Identify agencies that regulate consumer financial products and services (e.g., FDIC, SEC, CFPB, NCUA). 9-12 —
Housing & Mortgages 1/1 covered
ID Standard Grade iKnowFi Academy Course
FI:783 Compare costs and benefits of buying vs. renting/leasing. 9-12 Making Housing Decisions

Connecticut Financial Literacy FAQ

Yes. Connecticut requires financial literacy instruction.

Connecticut requires financial literacy education as part of social studies curriculum standards. Standards emphasize personal finance, money management, and economic decision-making at multiple grade levels.

Connecticut's financial literacy requirement is established by SB 1165 / Public Act 23-21. Effective 2023-07-01.

Requires all high school students to complete a half-credit course in personal financial management and financial literacy as a graduation requirement, beginning with the class of 2027.

Connecticut's financial literacy standards apply to grades 6-8, 9-12. Standards are integrated into existing coursework.

Connecticut has 220 financial literacy standards spanning 18 topic areas including Credit & Debt, Banking & Payments, Financial Decision-Making & Behavior, Budgeting & Cash Flow, Taxes.

Connecticut's 220 standards are organized across 18 topics: Credit & Debt, Banking & Payments, Financial Decision-Making & Behavior, Budgeting & Cash Flow, Taxes, Saving, Retirement Planning, Insurance & Risk Management, Investing, Identity Theft & Cyber Safety, Postsecondary Financing, Employment & Benefits, Consumer Protection & Fraud, Net Worth & Wealth Building, Earning Income, Financial Systems & Regulation, Macroeconomics/Market Context, Housing & Mortgages.

Connecticut is an open-territory state where individual districts purchase curriculum directly.

Individual school districts conduct their own procurement processes, often using RFPs or direct purchases from vendors. Districts may participate in cooperative purchasing agreements to leverage volume discounts.

iKnowFi Academy covers 204 of Connecticut's 220 financial literacy standards (93% coverage) across 10 self-paced online courses.

Each course is aligned to Connecticut's specific learning objectives, built on the Absorb LMS, and includes built-in assessments. Teachers assign them and students work independently.

Get Your Free Connecticut Standards Alignment Report

See exactly how iKnowFi Academy maps to each of Connecticut's 220 financial literacy standards — standard by standard, module by module.

  • 204 of 220 standards covered
  • 10 self-paced courses, ready to assign
  • Built-in assessments and progress tracking
  • No schedule changes needed — students work independently

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Last updated: March 2026