Washington | August 4, 2010 - Currently, far too many students graduate from high school without the knowledge necessary to navigate their financial future and make critical financial decisions. This is deeply concerning, particularly in the midst of a tough economic climate, and at a time when the United States is slipping in global competitiveness. As you are aware, it is for these reasons I authored the Financial Education in the Classroom Act (FECA), to promote financial literacy and prepare students for financial responsibilities.

Additionally, you may be interested in knowing that the U.S. Department of Education recently announced a new grant program also aimed at improving financial literacy and financial education in our nation's high schools. The grant is part of the Financial Education for College Access and Success program to support state-led efforts to develop, implement, and evaluate the effectiveness of personal finance instructional materials and corresponding teacher training, with the express purpose of providing high school students with knowledge and skills to make sound financial aid and other personal finance decisions, particularly in relation to obtaining access to, succeeding during, and completing postsecondary education.

For more information on this Grant, and the application, please visit the official announcement here.

Additionally, for more information about my work on financial literacy education, please visit my website.