State offers grants for finance education

CREATED Jan 17, 2014

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MADISON, Wis. (AP) -- The state is offering grant money to school districts to incorporate personal finance education into their curricula.

 "This program, we hope, will help elevate financial literacy education more so that students might benefit from this training," explained Dave Mancl, director of the Office of Financial Literacy.
The Wisconsin Department of Financial Institutions will provide $250,000 for the statewide program to support the efforts of teachers and school districts to begin new personal finance courses in elementary, middle and high school.
"Financial education is really about giving people the tools they need so that they can achieve their own goals for themselves and their families," said Mancl.
Teachers and districts are eligible to apply for awards of up to $10,000 and may submit proposals for each school level.  
Mancl said there are three different ways to get a grant.  
"One is if [a district] wants to start something brand new in their school, they would be eligible.  If they want to enhance an existing program, they would also be eligible.  And third, if a school district is ready and wants to make the commitment of a high school graduation requirement, then there will be funds available for that too."   
The Department of Public Instruction will administer the program. Applications are due March 21.
A survey commissioned by the DFI last year showed that 44 percent of Wisconsin school districts currently require a course in personal finance in order to graduate from high school.