Press Release

Press Release  State Agencies Announce Financial Literacy Grant Recipients

Massachusetts high schools will use funding to host financial education fairs for their students.
For immediate release:
1/22/2024
  • Office of State Treasurer and Receiver General Deborah B. Goldberg
  • Office of Economic Empowerment
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation

Media Contact   for State Agencies Announce Financial Literacy Grant Recipients

Andrew Napolitano, Communications Director, Office of State Treasurer and Receiver General

Office of Economic Empowerment

BOSTONThe State Treasurer’s Office of Economic Empowerment (OEE), in partnership with the Division of Banks (DOB) and the Office of Consumer Affairs and Business Regulation (OCABR), announced the 2024 recipients of the Financial Education Innovation Fund Grant.

Following a competitive application process that concluded in November, the state agencies awarded grants to 59 schools, totaling $223,548. This funding will allow Massachusetts high schools and special education programs to host financial education fairs, known as Credit for Life Fairs, for their students.

Of the 59 recipient schools, 15 received funding as Seed Applicants and will host fairs for the first time, including for students in Agawam, Brighton, Brockton, Cambridge, Cheshire, Dorchester, Everett, Fall River, Fitchburg, Lexington, Lynn, Middleborough, Milton, and Springfield.

For the first time in the program’s history, participating schools that have a large population of low-to-moderate income students will receive an additional $500. Ten schools received this additional funding to bring much-needed financial education to students in the state’s most vulnerable communities.

“High school students deserve the opportunity to learn the financial skills they will need for every situation encountered throughout their lives,” said State Treasurer Deborah B. Goldberg. “Credit for Life Fairs gives these young adults the opportunity to experience real world scenarios that help prepare them in making informed decisions as they approach graduation and beyond."

“The Division of Banks is proud to support this initiative with another round of funding,” said Mary Gallagher, Commissioner of Banks. “With hands-on, high-quality lessons offered at these fairs, students can develop financial management skills they will use for the rest of their lives.”

“The Credit for Life Fairs help students learn about financial topics like how to budget and save, pay for college, and live within your means.” said Layla R. D’Emilia, Undersecretary for the Office of Consumer Affairs and Business Regulation. “We are excited to continue funding this program to improve students’ financial knowledge and prepare them to confidently and independently manage their own finances.”

The recipients are:

Seed Grants:

Grantee

Amount Requested

Agawam High School

$6200

Brighton High School

$6600*

Community Charter School of Cambridge

$1650

Diman Regional Vocational Technical High School

$6400

Everett High School

$6400

Fitchburg High School

$6900*

Hoosac Valley High School

$6400

Jeremiah E. Burke High School

$6750*

Lexington High School

$6400

Lynn Public Schools

$6900*

Middleborough High

$6400

Milton High School

$6200

New Heights Charter School of Brockton

$6900*

Veritas Preparatory Charter School

$6499*

West Springfield High School

$6400

*Has requested additional funding due to DESE low-income status

Innovation Grants:

Grantee

Amount Requested

Braintree High School

$3200

Concord Carlisle Regional High School

$3200

Mount Greylock Regional School

$1260

Whitman-Hanson Regional High School

$2159

Continuation Grants:

Grantee

Amount Requested

Abington High School

$3100

Andover High School

$3200

Ashland High School

$3200

Atlantis Charter School

$3200

Boston Latin Academy

$3200

Bridgewater Raynham Regional High School

$3000

Bristol-Plymouth Regional Technical School

$3200

Brockton High School

$2500

Cape Cod Regional Technical High School

$2895

Chicopee High School

$3700*

Clinton Public School

$3000

Cohasset High School

$3200

Dracut High School

$3200

Essex North Shore Agricultural & Technical School

$3200

Fairhaven High School

$900

Falmouth High School

$2925

Frontier Regional High School

$3200

Greater Lawrence Tech

$2500

Haverhill High School

$3200

Holbrook Middle High School

$3200

Hopedale Jr. Sr. High School

$3200

Hopkins Academy

$2500

Manville School

$3200

Marlborough High School

$3200

Marshfield High School

$3200

Melmark New England

$3200

Methuen High School

$3200

Nipmuc Regional High School

$2500

North Quincy High School

$2500

Northeast Metro Tech

$3700*

Quabbin Regional School District

$2000

Randolph High School

$3700*

Reading Memorial High School

$3200

Silver Lake Regional High School

$3200

South Shore Technical High School

$3200

The Guild for Human Services

$3000

Westport Community Schools

$3200

Winchester High School

$3200

Woburn Memorial High School

$1650

Worcester Technical High School

$3660*

*Has requested additional funding due to DESE low-income status

Total: 

$223,548.00

Since 2015, over 45,000 Massachusetts students have attended Credit for Life Fairs. The Financial Education Innovation Fund Grant was established as an ongoing effort to strengthen access to financial literacy throughout Massachusetts. This financial education program is funded by the Division of Banks through a settlement over alleged unlawful lending practices. 

About the Division of Banks 
The Division of Banks (DOB), which is a division of the Office of Consumer Affairs and Business Regulation within the Executive Office of Housing and Economic Development, 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 state. 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. 

About the 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.

About the Office of Economic Empowerment

Treasurer Goldberg created the Office of Economic Empowerment with the deliberate goal of implementing a range of economic empowerment initiatives that include closing the race and gender wage gap, addressing racial equity, increasing access to financial education, and creating pathways to economically stable futures for all residents across the state.

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Media Contact   for State Agencies Announce Financial Literacy Grant Recipients

  • 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 Economic Empowerment 

    The Office of Economic Empowerment (OEE) is a department of State Treasurer and Receiver General Deborah B. Goldberg tasked with offering free and accessible financial education, promoting wage equality, and creating a bright future for children across the state.
  • 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 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.
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