Thurmond Unveils Financial Literacy Grants

California Department of Instruction
Information Launch

California Department of Instruction
News Launch

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Launch: #22-40
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August 18, 2022&#13

SACRAMENTO—State Superintendent of Community Instruction Tony Thurmond today declared that he secured an further $1.4 million in personal funding for academics in California higher faculties to aid deliver economical literacy programs. He was joined in a virtual push convention by Tim Ranzetta, Co-Founder of California-dependent nonprofit Upcoming Gen Individual Finance (NGPF), who is partnering with the state to give teacher stipends and qualified development for monetary literacy. This public–private partnership delivers $1.4 million in specialist enhancement grants to train large university teachers, enabling them to provide own finance electives at their superior faculties, and a district-matching grant program for individual finance specialists.

Study displays that students who have entry to higher-top quality economic instruction have much better monetary results as grownups, resulting in significantly less personal debt, and a greater high-quality of daily life. In accordance to a NGPF report, while 70 % of significant faculty pupils nationwide have accessibility to a particular finance elective or a assured course, only 26 percent in California do. Superintendent Thurmond is operating to change that.

“Providing economical literacy provides college students a way of understanding in pretty palms-on and sensible ways. Economical literacy is particularly significant at a time of increasing inflation, the place lots of families are going through rough economic selections. These classes will maximize our students’ consciousness and allow for them to live a existence with out financial debt and to make greater economic choices,” mentioned Thurmond. “There are educational added benefits to our learners as nicely, and these courses can align with our A–G demands. We know that Californians reside with a quite significant expense of residing, there is a good deal of poverty and a large amount of issues, and we feel that these are instruments that will support to strengthen the lives of our young people—maybe even interact them in methods that will make them much more fired up about what they are studying in mathematics, science, and other topics.”

In addition to the NGPF grant, the 2022­–23 state funds provides a $3.5 billion Arts, Music, and Educational Materials Discretionary Block Grant to county places of work of education, college districts, constitution educational institutions, and the condition distinctive colleges. These block grant resources will be offered to dietary supplement NGPF’s donation and support schools’ means to extend money literacy system choices. The a person-time grant is readily available for encumbrance by means of the 2025–26 fiscal yr and is allotted on a for every-pupil foundation.

“I want to say again how enormously grateful I am and our organization is to Superintendent Thurmond for his vision and leadership in forming this partnership,” claimed Ranzetta. “We’re terribly proud to be component of a system to supply our California high school learners with the information so they can prosper and flourish in the monetary environment we inhabit.”

Grant resources will be employed to provide skilled improvement workshops to enhance trainer self-confidence to teach the system. Teachers will acquire stipends for their participation. Starting off these days, the initially 1,000 California community higher school lecturers who complete 20 several hours of professional advancement with NGPF will gain a $500 stipend. Academics can indication up for these qualified improvement workshops by using the NGPF Certification Classes&#13
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Resources will also be made use of to catalyze entry in the five greatest public faculty districts in the state—Los Angeles, San Diego, Fresno, Very long Seaside, and San Francisco. Next Gen Personal Finance is presenting a matching grant software to aid just about every district hire a individual finance specialist. This professional will give curriculum guidance and professional progress to help educators in the district. These districts can obtain further facts about this grant method by speaking to senior task manager Tori Mansfield at [email protected]

In addition to the NGPF curriculum presently staying made use of bymore than 4,000 California educators, other substantial-top quality resourcesare outlined on the California Office of Education and learning Grades K–12 Fiscal Literacy Sources world-wide-web website page.

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Tony Thurmond —&#13
Point out Superintendent of Public Instruction
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Communications Division, Area 5602, 916-319-0818, Fax 916-319-0100

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Last Reviewed: Thursday, August 18, 2022&#13