Area schools receive financial literacy grants

The Governor’s Council on Financial Literacy has awarded $250,000 in financial literacy grants to 24 school districts around the state, including three in the Milwaukee area.

Milwaukee Public Schools received $30,000, West Allis-West Milwaukee School District received $30,000 and the Business and Economics Academy of Milwaukee Inc. received $10,000 in grants to fund ongoing financial education programs and events for K-12 students.
The funds were awarded in cooperation with the Department of Financial Institutions, the Department of Public Instruction and the Wisconsin Women’s Council using settlement funds that had been paid out to the DFI.
“DFI is pleased to provide funding to support this important initiative,” said DFI Secretary Peter Bildsten. “This investment will enable more of our schools to integrate personal finance into their curriculums. The students who benefit from these programs will be better prepared to handle the financial decisions they soon will be making as adults.”
According to the governor’s office, Wisconsin is the first state in the country to set financial literacy content and performance standards.
“Financial literacy gives our students the tools they need to become prosperous and productive citizens,” said Governor Scott Walker. “This initiative will help move our K-12 educational system forward, and ultimately benefit the next generation.”

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