- 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
Andrew Napolitano, Communications Director, Office of State Treasurer and Receiver General
BOSTON — The 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 2024-2025 recipients of the Financial Education Innovation Fund Grant.
Following a competitive application process that concluded in November, the state agencies awarded grants to 58 schools, totaling $201,272. 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 58 recipient schools, six received funding as Seed Applicants and will host fairs for the first time.
For the second year, participating schools that have a large population of low-to-moderate income students will receive an additional $500. Seventeen schools received this additional funding to bring much-needed financial education to students in the state’s most vulnerable communities.
“Financial literacy is the foundation for a more stable future, and Credit for Life Fairs empower our students with the tools they need to succeed,” said State Treasurer Deborah B. Goldberg. "These hands-on experiences give young adults the confidence to navigate real-world financial challenges and make informed decisions as they step into adulthood."
“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.”
“It is so important that students learn to manage their finances, including how to make a budget, and save money for life expenses and college,” said Layla R. D’Emilia, Undersecretary for the Office of Consumer Affairs and Business Regulation. “We are glad to continue our support of Credit for Life Fairs, as this program helps students prepare for their financial future and build a strong foundation for success.”
Award recipients:
- Abington High School - $1,950
- Agawam High School - $3,200
- Andover High School - $3,200
- Ashland High School - $3,200
- Atlantis Charter School - $3,700
- Boston Latin Academy - $3,200
- Boston Latin School - $6,400
- Boston Preparatory Charter School (Boston Prep) - $6,900
- Braintree High School - $3,200
- Brighton High School - $3,700
- Bristol-Plymouth Regional Technical School - $3,200
- Cape Cod Regional Technical High School - $3,200
- Clinton High School - $3,700
- Cohasset High School - $3,200
- Dr. Albert D. Holland High School of Technology - $3,700
- Dracut High School - $3,200
- Duxbury High School - $3,200
- Fairhaven High School - $900
- Falmouth High School - $3,200
- Fitchburg High School - $3,700
- Frontier Regional School - $3,200
- Hanover High School - $3,200
- Hingham High School - $3,200
- Holliston High School - $6,400
- Hopedale Jr. Sr. High School - $3,200
- Hudson High School - $3,200
- Lincoln Sudbury Regional High School -$3,200
- Littleton High School - $1,250
- Longmeadow High School - $6,400
- Manville School - $3,700
- Marlborough High School - $2,500
- Marshfield High School - $3,200
- Melmark New England - $3,200
- Methuen High School - $3,263
- Middleboro High School - $3,200
- Millis High School - $6,400
- Milton High School - $3,200
- Monomoy Regional High School - $2,900
- Mount Greylock Regional School - $1,300
- North Middlesex Regional High School - $3,125
- North Quincy High School - $3,200
- Northeast Metro Tech - $3,700
- Quabbin Regional School District - $3,000
- Randolph High School - $3,700
- Reading Memorial High School - $3,200
- Silver Lake Regional High School - $3,200
- South Shore Charter Public School - $3,200
- South Shore Technical High School - $3,200
- Springfield Public Schools - District Wide - $3,700
- Tantasqua Regional High School - $3,200
- Wachusett Regional High School - $6,400
- West Springfield High School - $3,700
- Westport Middle High School - $3,200
- Whitman-Hanson Regional High School - $3,188
- Whittier Regional Vocational Technical High School - $3,200
- Willie Ross School for the Deaf - $3,700
- Winchester High School - $3,200
- Worcester Technical High School - $2,296
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 and is administered by the State Treasurer’s Office of Economic Empowerment (OEE).
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
Office of State Treasurer and Receiver General Deborah B. Goldberg
Office of Economic Empowerment
Division of Banks
