Press Release

Press Release Financial Literacy Education Grant Winners Announced by Baker-Polito Administration and State Treasurer’s Office

For immediate release:
11/25/2019
  • 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

BostonThe 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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Media Contact for Financial Literacy Education Grant Winners Announced by Baker-Polito Administration and State Treasurer’s Office

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.

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.
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