- Office of State Treasurer and Receiver General Deborah B. Goldberg
- Office of Consumer Affairs and Business Regulation
- Division of Banks
Media Contact for Financial Literacy Education Grant Winners Announced by Baker-Polito Administration and State Treasurer’s Office
Andrew Napolitano, Deputy Communications Director, Office of State Treasurer and Receiver General
Boston — The Baker-Polito Administration and State Treasurer Deb Goldberg’s Office announced the recipients of Financial Education Innovation funding for the 2019 – 2020 academic year. It’s a program that adds up for high school students across the state who benefit from these financial literacy workshops called Credit for Life Fairs which take place in their own communities.
“The Credit for Life fairs offer high- quality experiential learning for high school students in Massachusetts,” states Treasurer Deborah Goldberg. “Young adults acquire the financial skills they need as they prepare to enter college and the workforce.”
“Having attended the Credit for Life Fairs, I can attest to the high impact they have on participants. Engaging high school students by asking them to manage a budget based on take-home salary, rent costs, car loan payments, food expenses, and other factors illustrates real life in a way that resonates. We are proud to be a part of this learning experience,” said Edward A. Palleschi, Undersecretary for the Office of Consumer Affairs and Business Regulation.
“It’s never too soon to learn about how to manage your money which is why financial literacy is important for high school students,” said Mary L. Gallagher, Commissioner of Banks. “Teaching young people about the types of economic decisions they will need to make once they are living on their own is a way to help them make informed decisions as adults.”
Through an extensive application process that culminated this month, the Treasurer’s Office of Economic Empowerment awarded 46 high schools across the Commonwealth a total of $121,447 in funding to expand or establish financial education programs, including nine first-time applicants. This is the eighth installment of awards through the Financial Education Innovation Fund, which was established as an ongoing effort to strengthen financial literacy.
Since its inception in 2015, more than 40,000 students in Massachusetts have participated in funded Credit for Life Fairs. This financial education program is funded by the Division of Banks through a settlement over alleged unlawful lending practices. Credit for Life Fairs are an innovative way for students to learn about making real world decisions about saving, spending, and budgeting their money based on a range of career choices and lifestyle decisions.
The 2019-2020 Innovation Fund Recipients are:
Abington High School |
$2,500 |
Andover High School |
$2,500 |
Atlantis Charter School |
$3,947 |
Blue Hills Regional Vocational Technical School (Canton) |
$2,500 |
Boston Community Leadership Academy (Hyde Park) |
$2,500 |
Bridgewater Raynham Regional School District |
$2,500 |
Bristol-Plymouth Regional Technical School (Taunton) |
$2,500 |
Brockton High School |
$2,500 |
Cape Cod Regional Technical High School (Harwich) |
$2,500 |
Chicopee High School |
$2,500 |
Clinton High School |
$2,500 |
Codman Academy Charter Public School (Dorchester) |
$2,500 |
Cohasset High School |
$5,000 |
Danvers High School |
$2,500 |
East Bridgewater Jr/Sr High School |
$2,500 |
Essex North Shore Agricultural and Technical School (Danvers) |
$5,000 |
Falmouth High School |
$2,500 |
Georgetown Middle High School |
$2,500 |
Grafton High School |
$5,000 |
Hanover High School |
$2,250 |
Holbrook Middle High School |
$2,000 |
Hopedale High School |
$2,000 |
Hopkins Academy (Hadley) |
$2,500 |
Hudson High School |
$2,000 |
Lynnfield High School |
$2,500 |
Marshfield High School |
$2,500 |
Medford High School |
$2,500 |
Melmark New England (Andover) |
$2,500 |
Methuen High School |
$2,500 |
Mt. Greylock Regional School (Williamstown) |
$1,200 |
Nantucket High School |
$2,500 |
New Mission High School (Boston) |
$2,500 |
Newton North Reality Fair |
$2,500 |
Nipmuc Regional High School (Upton) |
$2,500 |
Pembroke High School |
$1,000 |
Plymouth South High School |
$2,500 |
Randolph Public Schools |
$2,500 |
Shrewsbury High School |
$2,500 |
Silver Lake Regional High School (Kingston) |
$5,000 |
Smith Vocational and Agricultural High School (Northampton) |
$5,000 |
Wahconah Regional High School (Dalton) |
$2,500 |
Wakefield Memorial High School |
$2,500 |
Westport Junior Senior High School |
$450 |
Whittier Regional Vocational Technical High School (Haverhill) |
$2,500 |
Winchester High School |
$2,500 |
Worcester Technical High School |
$1,600 |
Total: | $121,447 |
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