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Schools can apply for funding to add personal finance classes

Published On: Jan 15 2014 04:47:26 PM CST   Updated On: Jan 15 2014 04:48:08 PM CST
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State officials announced Wednesday K-12 school districts will be able to apply for funding to incorporate personal finance education into their curriculum, according to a release.

Officials with the Wisconsin Department of Financial Institutions and the Wisconsin Department of Public Instruction said the statewide grant program would provide $250,000 statewide.

Funding for the program will be provided by DFI, which is working on promoting financial literacy in the state, according to the release.

“The need for personal finance skills for Wisconsin’s young people has never been greater,” Gov. Scott Walker said in the release. “Financial literacy is an important lifelong skill that will enable our commitment to educating Wisconsin’s K-12 students about personal financial matters.”

The program is geared toward supporting the efforts of individual teachers and school districts to start new and sustainable programs and events, officials said. Teachers in K-12 school districts are eligible to apply for awards of up to $10,000 and can submit proposals for each school level (elementary, middle school, high school).

“Today’s students have access to smartphones, computers and debit cards to make financial transactions both small and large,” State Superintendent Tony Evers said. “These grants will support financial literacy lessons and activities that connect with students’ lives and prepare them for a responsible place in the global economy, ready for college and careers.”

The application deadline is March 21, according to the release. The DPI will start accepting nominations online Jan. 31. Award recipients will be notified on May 1, and grant money will be made available on June 1.

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