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News Now

CU System
Wis. announces $250K for financial literacy grants
MADISON, Wis. (1/16/14)--The Wisconsin Department of Financial Institutions (DFI) and the Wisconsin Department of Public Instruction (DPI) Wednesday announced a $250,000 statewide grant program to bring personal finance education into state schools.
 
Funding for the program will be provided by DFI, which through its Office of Financial Literacy is charged with promoting financial literacy in Wisconsin. The Office of Financial Literacy works in concert with the Governor's Council on Financial Literacy to measurably improve the financial knowledge of Wisconsin's citizens.
 
The application deadline is March 21. DPI, which is administering the program, will begin accepting nominations online Jan. 31. Award recipients will be notified by e-mail May 1. Grant money will be made available to grantees June 1.
 
The intent of the program is to support the efforts of teachers and school districts to begin new and sustainable programs and events. Teachers in K-12 school districts are eligible to apply for awards of up to $10,000 and may submit proposals for elementary, middle school and high school.
 
DFI Secretary Peter Bildsten pointed out that a survey commissioned by the agency last year showed that 44% of Wisconsin school districts currently require a course in personal financial literacy in order to graduate from high school.
 
Credit union financial educators reached 400,097 students nationally in 12,243 classroom presentations involving financial literacy during the 2012 school year, according to data from the National Youth Involvement Board (News Now Sept. 26).
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