Press Release

Press Release Baker-Polito Administration and Treasurer Goldberg announce recipients of Financial Literacy Education Grants

For immediate release:
3/12/2019
  • Office of Consumer Affairs and Business Regulation
  • Division of Banks
  • Office of State Treasurer and Receiver General Deborah B. Goldberg

Media Contact for Baker-Polito Administration and Treasurer Goldberg announce recipients of Financial Literacy Education Grants

Jacqueline Horigan, Public Outreach

BostonThe Baker-Polito Administration and the Office of the State Treasurer Deb Goldberg’s Office announced the second-round of recipients of Financial Education Innovation funding for the 2018 – 2019 academic year. This initiative began in 2015 to provide capital to high schools across the Commonwealth to expand ‘Credit for Life’ and financial education fairs. These awards are funded through Division of Banks’ settlements over alleged unlawful lending practices.

“Credit for Life fairs are an extraordinary opportunity for students to prepare for financial independence in a fun and innovative way,” said Edward Palleschi, Undersecretary of the Office of Consumer Affairs and Business Regulation, the agency that oversees the Division of Banks. “It’s important that young people learn the skills they need early in their lives to be financially responsible.”

“I have experienced firsthand the amazing impact ‘Credit for Life’ fairs have on our high school students,” said Treasurer Deborah Goldberg. “This kind of experiential learning helps students learn how to budget their money responsibly and make informed financial decisions as they prepare to enter college or begin their careers.”

 "The Division of Banks is proud to once again fund these grants in support of high school financial reality fairs across the Commonwealth,” said Merrily S. Gerrish, Acting Commissioner of Banks. “Learning skills such as budgeting and money management is essential for students as they enter college or the work force.”

 Through an extensive application process that culminated this month, the Treasurer’s Office of Economic Empowerment awarded 43 high schools across the Commonwealth a total of $123,695 in funding to expand or establish financial education programs, including eight first-time applicants. This is the seventh installment of awards through the Financial Education Innovation Fund, which was established as an ongoing effort to strengthen financial literacy. To date, the Division has committed over $500,000 in funding for this program.

 The 2018-2019 Innovation Fund Recipients are:

 

SCHOOL

AMOUNT

Abington High School

 $2,500.00

Andover High School

$2,500.00

Ashland High School

$5,000.00

Blue Hills Regional Technical School (Canton)

$5,000.00

Boston Latin Academy (Dorchester)

$2,500.00

Bridgewater-Raynham Regional High School

$2,500.00

Bristol-Plymouth Regional Technical School (Taunton)

$2,500.00

Brockton High School

$2,500.00

Cape Cod Regional Technical High School (Harwich)

$2,095.00

Chicopee High School

$2,500.00

Codman Academy (Dorchester)

$5,000.00

Danvers High School

$2,000.00

Dracut High School

$2,500.00

East Bridgewater Junior/Senior High School

$2,500.00

Easthampton High School

$5,000.00

Framingham High School

$2,500.00

Georgetown Middle High School

$2,500.00

Greater Egleston High School (Roxbury)

$2,500.00

Greater Lawrence Technical School

$5,000.00

Hanover High School

$2,500.00

Hingham High School

$2,500.00

Holbrook Middle High School

$2,000.00

Holyoke High School

 $2,500.00

Hopkins Academy (Hadley)

$5,000.00

Hudson High School

$2,000.00

Lynnfield High School

$2,500.00

Medford High School

$2,500.00

Melmark New England (Andover)

$2,500.00

Methuen High School

$2,500.00

Mt. Greylock Regional School (Williamstown)

$2,500.00

Nashoba Valley Technical High School (Westford)

$4,600.00

New Mission High School (Hyde Park)

$5,000.00

Newton North High School

$2,500.00

Nipmuc Regional High School (Upton)

$2,500.00

Northampton High School

$2,500.00

Plymouth South High School

$2,500.00

Salem High School

$1,000.00

Shrewsbury High School

$2,500.00

Wahconah Regional High School (Dalton)

$2,500.00

Wakefield Memorial High School

$2,500.00

Whittier Regional Vocational Technical High School (Haverhill)

$2,500.00

Winchester High School

$2,500.00

Worcester Technical High School

 $2,500.00

Total:

$123,695.00

 

 

 

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Media Contact for Baker-Polito Administration and Treasurer Goldberg announce recipients of Financial Literacy Education Grants

Office of Consumer Affairs and Business Regulation 

The Office of Consumer Affairs and Business Regulation protects and empowers consumers through advocacy and education, and ensures a fair playing field for the Massachusetts businesses its agencies regulate.

Division of Banks 

The Division of Banks (DOB) is the chartering authority and primary regulator for financial service providers in Massachusetts. DOB's primary mission is to ensure a sound, competitive, and accessible financial services environment throughout the Commonwealth.

Office of State Treasurer and Receiver General Deborah B. Goldberg 

Our mission at the Office of the State Treasurer and Receiver General of Massachusetts is to prudently manage and safeguard the state's public deposits and investments through sound business practices for the exclusive benefits of our citizens, and perform these duties with integrity, excellence, and leadership.
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