Marlborough – State Treasurer Deborah B. Goldberg announced that Marlborough High School is among the 2015 recipients of the Financial Education Innovation Fund, an initiative that will provide grants to expand financial literacy fairs in high schools across the commonwealth. The grants are funded from the Office of Consumer Affairs and Business Regulation through its Division of Banks settlement over alleged unlawful lending practices.
“I have experienced firsthand the critical skills these ‘Credit for Life’ fairs teach our high school students,” Goldberg said. “These new grants will help students to budget their money responsibly and make informed financial decisions as they prepare to enter college or begin their careers.”
Credit for Life fairs are designed to be an innovative and effective way for students to learn about making real world decisions when it comes to saving, spending, and budgeting their money based on a range of career choices and lifestyle decisions.
Through an extensive application process that culminated in June, the Treasurer’s Office awarded 20 high schools across the commonwealth nearly $70,000 in grant money to expand upon or establish programs.
The innovation fund will be an ongoing effort to expand financial literacy, so schools will have the opportunity to apply next year.
For more information, visit www.mass.gov/dob or contact the Division of Bank’s Consumer Hotline at 800-495-BANK (2265).