Massachusetts high schools will use funding to host financial education fairs for their students.
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 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 |
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* |
Total: $223,548
Entries marked with a * have requested additional funding due to DESE low-income status
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.
The above press release was submitted to us by the office of State Treasurer Deborah Goldberg.
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