State Agencies Announce Financial Literacy Grant Recipients
Massachusetts High Schools will use Funding to Host Financial Education Fairs for Students
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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