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News State Agencies Announce Recipients of Financial Literacy Education Grants

Over a Dozen Massachusetts Schools Receive Funding to Host Financial Literacy Fairs
  • Division of Banks
  • Office of Consumer Affairs and Business Regulation
  • Office of Economic Empowerment

Media Contact for State Agencies Announce Recipients of Financial Literacy Education Grants

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

The State Treasurer’s Office of Economic Empowerment (OEE), in collaboration with the Division of Banks (DOB) and the Office of Consumer Affairs and Business Regulation (OCABR), announced the recipients of the newest round of the Financial Education Innovation Fund Grants. These grants provide Massachusetts high schools and special education programs with funding to hold financial education events for students called “Credit for Life Fairs.”

Following an application period that ended on February 17th, the three agencies awarded grants to 15 schools, totaling $42,265.00.

"The Credit for Life Fairs offer high-quality experiential learning for young adults in Massachusetts," said State Treasurer Deborah B. Goldberg. "Students deserve access to education that will prepare them for the kind of financial situations they will encounter throughout their lives."

“We are proud to continue to support financial education efforts by providing the funding for the Credit for Life Fair program. These fairs held around the Commonwealth provide opportunities to equip students with tools to be better informed about personal financial decisions,” said Commissioner of Banks Mary Gallagher.

“This grant is a fantastic opportunity to convey financial concepts to students who will soon enter adulthood,” said Edward A. Palleschi, Undersecretary for the Office of Consumer Affairs and Business Regulation. “These fairs are important venues for preparing our next generation to manage their financial well-being. I am glad to deliver an opportunity once again for such valuable lessons.”

The recipients are:



Bristol Plymouth Regional Technical School


Cape Cod Regional Technical High School


Chicopee High School


Fairhaven High School


Frontier Regional High School


Greater Lawrence Technical School


John D. O'Bryant High School


Lincoln Sudbury Regional High School


Medford High School


Northeast Metropolitan Regional Vocational High School


Pembroke High School


Reading Memorial High School


South Shore Regional Vocational Technical High School


Westport Middle-High School


Woburn Memorial High School



Total: $42,265.00.

This marks the 11th round of grant funding since 2015 and the second round of funding for the 2022-2023 school year. In December, the three agencies granted a total of $115,400 to 39 Massachusetts schools during this school year’s first round of funding.

Since 2015, over 40,000 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.

Media Contact for State Agencies Announce Recipients of Financial Literacy Education Grants

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.

Office of Economic Empowerment 

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

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