News Column

DFI, DPI announce $250,000 program for K-12 financial literacy grants

February 11, 2014

By Bob Van Enkenvoort, The Wisconsin State Journal



Feb. 11--Learning how to make a buck is an essential part of education. So is learning how to spend it wisely.

That's why the state departments of Financial Institutions and Public Instruction are teaming up to provide a $250,000 statewide grant program to encourage Wisconsin's K-12 school districts to incorporate personal finance education into their curricula.

The program's intent is to support efforts of individual 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 each school level -- elementary, middle school and high school.

Program funding will be provided by DFI, which through its Office of Financial Literacy, is charged with promoting financial literacy in Wisconsin.

Application deadline is March 21. DPI, which is administering the program, is accepting nominations online at http://dpi.wi.gov. Award recipients will be notified by e-mail on May 1. Grant money will be made available to grantees on June 1.

DFI Secretary Peter Bildsten pointed out that a survey commissioned by the agency last year showed that 44 percent of Wisconsin school districts currently require a course in personal financial literacy to graduate from high school.

"Clearly, many Wisconsin school districts already have effective personal finance courses in place," Bildsten said. "Through this program, we want to help districts elevate their commitment to financial literacy initiatives so even more students benefit from this training."

The $250,000 financial commitment from DFI comes from settlement funds the department has received over the last couple of years, Bildsten said.

For information, contact David Mancl, director of the Office of Financial Literacy, at david.mancl@wisconsin.gov or 608-261-9540.

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(c)2014 The Wisconsin State Journal (Madison, Wis.)

Visit The Wisconsin State Journal (Madison, Wis.) at www.wisconsinstatejournal.com

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Source: Wisconsin State Journal (Madison, WI)


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