Indiana

State-by-State Assessment with Regard to Financial Literacy and Personal Finance Education Actions

State Department of Education Link http://www.doe.in.gov 
Legislation and Authorization Signed by governor 5/12/09, Public Law 154 Requires public schools, charter schools, and accredited nonpublic schools to provide instruction in personal financial responsibility to students in grades 6 through 12 under standards adopted by the state board of education. Personal Financial Responsibility Instruction, Guidelines for Implementation These guidelines provide direction for the Personal Financial Responsibility Instruction required by Indiana Code 20-30-5-19, as added by Public Law 154-2009 (House Enrolled Act 1581), effective July 1, 2009: This policy takes effect beginning with the 2009-2010 school year. IC 20-30-5-19 Personal financial responsibility instruction
Sec. 19. (a) Each school corporation, charter school, and accredited nonpublic school shall include in its curriculum for all students in grades 6 through 12 instruction concerning personal
financial responsibility.
Links to State Bills  
Additional Links  
Stand-Alone Personal Finance Standards NO
Personal Finance Standards in Career and Techical Education (CTE), Family and Consumer Sciences YES In Financial Literacy Standards for Family and Consumer Sciences. This course helps students build skills in financial responsibility and decision making; analyze personal standards, needs, wants, and goals; identify sources of income, saving and investing; understand banking, budgeting, record-keeping and managing risk, insurance and credit card debt. A project based approach and applications through authentic settings such as work based observations and service learning experiences are appropriate. Direct, concrete applications of mathematics proficiencies in projects are encouraged.
Personal Finance Embedded in Social Studies or Economics Standards The state currently is transitioning to Common Core. It's standards data are not complete yet, although the state indicates it will include Financial Literacy Standards in Family and Consumer Sciences.
Personal Finance Embedded in Mathematics Common Core Standard Minor amount
State Has Adopted Mathematics and English Language Arts Common Core YES
Personal Finance or Financial Literacy Course Required or Offered YES “Personal Financial Responsibility” course counts as a Directed Elective or Elective for the General dipolma.
Personal Finance Course Required for Graduation  NO
Personal Finance Content required in Economics or Other Course Required for Graduation   NO Indiana does not require a specific course for graduation. Personal Financial Responsibility course is an Elective. 2012-13 Economics with personal finance content is not required for General Diploma, it is required for Core 40, Core 40 with Academic Honors and Core 40 with Technical Honors Diplomas.
Prescribed or Recommended Personal Finance Curriculum  YES
State Requires Economic Reasoning /Thinking Skills  YES Common Core
State Standard Correlated with Jump$tart Financial Literacy Standard NO
State Assessment of Personal Finance Required  NO
Financial Literacy Bills Currently Being Considered by the State Legislature Several are under consideration in 2013. H.B. 1166 provides that personal financial responsibility instruction statutes apply to performance-qualified school districts. S.B. 189, which passed the Senate 2/7/13, provides that personal financial responsibility instruction statutes apply to performance-qualified school districts. S.B. 418, which passed the Senate 2/21/13, requires financial literacy instruction in grades 6-12 in public schools, not including charter schools. Establishes a task force to develop guidelines and model curricula for financial literacy instruction. Establishes a state resource program for financial literacy. Establishes the financial literacy grant fund to assist schools in implementing financial literacy instruction.
Financial Literacy Education Bills Signed by Governor and/or Passed by the House and Senate  Signed by the governor 5/12/09, Public Law 154 requires public schools, charter schools, and accredited nonpublic schools to provide instruction in personal financial responsibility to students in grades 6 - 12 under standards adopted by the state board of education. Bills passed the House and Senate in 2008 for the school year that begins in 2010, requiring school corporations and accredited nonpublic schools to include in their curricula for grades 9 through 12 instruction designed to: (1) increase students' awareness of consumer transactions, including mortgage transactions; and (2) foster personal financial responsibility. Provides that a school corporation or an accredited nonpublic school may provide the instruction by integrating it into its mathematics curriculum. Requires the department of education and the department of financial institutions to develop guidelines to assist teachers assigned to provide the instruction.
State Appropriations and State Dept Education Funding for K-12 NO 
Established Financial Literacy Month N/A