Berkshire Schools Awarded Financial Literacy Grant
CHESHIRE, Mass. — 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.
Hoosac Valley High School was awarded a $6400 seed grant and has requested additional funding due to DESE low-income status.
Mount Greylock Regional School was awarded a $1,260 innovation grant.
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 financial education to students in the state's most vulnerable communities.
