Maine integrates financial literacy into existing courses rather than requiring a standalone class. The state has 7 financial literacy standards across 6 topic areas that are embedded within subjects like economics and social studies.

Last updated: March 2026

7 Standards
6 Topic Areas
integrated Mandate Status
6-8, 9-12 Grade Levels

Does Maine Require Financial Literacy Education?

Yes, through integration. Maine requires financial literacy concepts to be taught within existing courses rather than as a standalone class. Maine integrates personal finance and financial literacy into its K-12 standards, particularly in economics and social studies. Students in grades 6-8 and high school are expected to develop financial literacy competencies as part of the state's learning standards.

Mandate Details

Status
integrated
Standalone Course
No
Grade Levels
6-8, 9-12
Legislation
LD 1069 (132nd Legislature, 2025) - Pending (N/A - not enacted)
LD 315 (132nd Legislature, 2025) - Carried Over (N/A - not enacted)

Key Agencies

Maine Department of Education
Sets state learning standards and policy; does not manage adoption lists or centralized procurement
Maine School Management Association
Supports district procurement practices and professional development
What this means for districts: Teachers need resources that address financial literacy objectives within their existing courses. A standards-aligned supplement can help ensure coverage without requiring schedule changes.

What Are Maine's Financial Literacy Standards?

Maine has 7 financial literacy standards organized across 6 topic areas. These topics range from Credit & Debt and Saving to Insurance & Risk Management, covering the full spectrum of personal finance education.

2 standards
Credit & Debt
2 covered
1 standard
Saving
1 covered
1 standard
Investing
1 covered
1 standard
Financial Decision-Making & Behavior
1 covered
1 standard
Budgeting & Cash Flow
1 covered
1 standard
Insurance & Risk Management
1 covered

How Maine School Districts Adopt Financial Literacy Curriculum

Maine is an open territory state, meaning individual districts have the authority to select and purchase curriculum directly without state-level approval. Maine does not have a state-mandated adoption list for K-12 educational materials. Districts have autonomy to select and purchase materials based on their local needs and budgets.

Purchasing Process

Individual school districts make procurement decisions independently through local RFPs, direct purchases, or cooperative agreements. There is no state-level adoption list or centralized procurement process.

Decision Level

All K-12 educational materials procurement decisions are made at the district or school level. The state does not mandate or restrict material selections.

Cooperative Purchasing Options

Maine School Management Association (MSMA) Maine Educational Media Association Regional Educational Service Centers (RSUs)

Curriculum That Meets Maine'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 Maine's learning objectives. iKnowFi Academy covers 7 of 7 standards (100.0% coverage) across 7 courses.

Maine Standards Coverage

100.0%
7 of 7 standards covered 7 courses

Aligned Courses

Establishing Credit

1 module · 1 standard aligned

Financial Building Blocks

1 module · 1 standard aligned

Financial Preparation and Recovery

1 module · 1 standard aligned

Managing Your Money

1 module · 1 standard aligned

The Importance of Saving

1 module · 1 standard aligned

Using Credit Cards

1 module · 1 standard aligned

Your Financial Future

1 module · 1 standard aligned

Maine's Financial Literacy Standards & iKnowFi Academy Alignment

All 7 standards — 7 covered by iKnowFi Academy.

Credit & Debt 2/2 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Identify factors that impact consumer credit 9-12 Establishing Credit
PF.9-12 Evaluate ways credit can be used 9-12 Using Credit Cards
Saving 1/1 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Explain how personal finance involves the use of economics as the basis for saving, investing, and managing money 9-12 The Importance of Saving
Investing 1/1 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Explain how personal finance involves the use of economics as the basis for saving, investing, and managing money 9-12 Your Financial Future
Financial Decision-Making & Behavior 1/1 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Explain how personal finance involves the use of economics as the basis for saving, investing, and managing money 9-12 Managing Your Money
Budgeting & Cash Flow 1/1 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Evaluate different strategies for money and risk management 9-12 Financial Building Blocks
Insurance & Risk Management 1/1 covered
ID Standard Grade iKnowFi Academy Course
PF.9-12 Evaluate different strategies for money and risk management 9-12 Financial Preparation and Recovery

Maine Financial Literacy FAQ

Maine integrates financial literacy into existing courses rather than requiring a standalone class.

Maine integrates personal finance and financial literacy into its K-12 standards, particularly in economics and social studies. Students in grades 6-8 and high school are expected to develop financial literacy competencies as part of the state's learning standards.

Maine's financial literacy requirements are established by LD 1069 (132nd Legislature, 2025) - Pending and LD 315 (132nd Legislature, 2025) - Carried Over.

Would amend 20-A MRSA section 4722 to remove personal finance from social studies and create a standalone one-credit personal finance graduation requirement. As of March 2026, the bill has not been enacted into law. Would add a personal finance course to state graduation requirements. Carried over to the next session as of March 2025; not enacted.

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

Maine has 7 financial literacy standards spanning 6 topic areas including Credit & Debt, Saving, Investing, Financial Decision-Making & Behavior, Budgeting & Cash Flow.

Maine's 7 standards are organized across 6 topics: Credit & Debt, Saving, Investing, Financial Decision-Making & Behavior, Budgeting & Cash Flow, Insurance & Risk Management.

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

Individual school districts make procurement decisions independently through local RFPs, direct purchases, or cooperative agreements. There is no state-level adoption list or centralized procurement process.

iKnowFi Academy covers 7 of Maine's 7 financial literacy standards (100% coverage) across 7 self-paced online courses.

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

Get Your Free Maine Standards Alignment Report

See exactly how iKnowFi Academy maps to each of Maine's 7 financial literacy standards — standard by standard, module by module.

  • 7 of 7 standards covered
  • 7 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?

Free for Maine school districts

Request Alignment Report Schedule a Demo
Last updated: March 2026