The Baker-Polito Administration and the Office of the State Treasurer Deb Goldberg’s Office, announced the second-round of recipients of Financial Education Innovation funding for the 2018 – 2019 academic year. This initiative began in 2015 to provide capital to high schools across the Commonwealth to expand ‘Credit for Life’ and financial education fairs. These awards are funded through Division of Banks’ settlements over alleged unlawful lending practices.
“Credit for Life fairs are an extraordinary opportunity for students to prepare for financial independence in a fun and innovative way,” said Edward Palleschi, Undersecretary of the Office of Consumer Affairs and Business Regulation, the agency that oversees the Division of Banks. “It’s important that young people learn the skills they need early in their lives to be financially responsible.”
“I have experienced firsthand the amazing impact ‘Credit for Life’ fairs have on our high school students,” said Treasurer Deborah Goldberg. “This kind of experiential learning helps students learn how to budget their money responsibly and make informed financial decisions as they prepare to enter college or begin their careers.”
“The Division of Banks is proud to once again fund these grants in support of high school financial reality fairs across the Commonwealth,” said Merrily S. Gerrish, Acting Commissioner of Banks. “Learning skills such as budgeting and money management is essential for students as they enter college or the work force.”
Through an extensive application process that culminated this month, the Treasurer’s Office of Economic Empowerment awarded 43 high schools across the Commonwealth a total of $123,695 in funding to expand or establish financial education programs, including eight first-time applicants. This is the seventh installment of awards through the Financial Education Innovation Fund, which was established as an ongoing effort to strengthen financial literacy. To date, the Division has committed over $500,000 in funding for this program.
Medford High School
The MHS Credit for Life Fair is April 5th
Source: Medford Public Schools, https://www.medfordpublicschools.org/2019/03/13/medford-high-school-receives-financial-education-grant/