“To improve the financial literacy of secondary school students.”
No CRS summary available for this bill.
This section authorizes the Secretary of Education to award competitive grants to state educational agencies (SEAs) for up to four years, from amounts appropriated for FY2026 through FY2030, to integrate financial literacy education into public elementary and secondary schools. SEAs must apply describing subgrant awards to local educational agencies (LEAs), sustainability plans, consultation with stakeholders, and geographic diversity; use up to 10% of funds for state-level technical assistance, curriculum development, LEA guidance, or program evaluation; and award the remainder as subgrants to LEAs, prioritizing those serving high numbers or percentages of schools implementing statewide accountability or improvement plans under ESEA section 1111(d)(1) and (2) (20 U.S.C. 6311(d)(1) and (2)), with greatest need, or committed to improving financial literacy in lowest-performing schools. LEAs must use subgrant funds to (1) implement, expand, or sustain substantial classroom-based financial literacy curricula covering consumer, economic, entrepreneurship, and personal finance concepts (e.g., credit, student loans, financial aid); (2) partner with community-based organizations for evidence-based activities, including after-school programs; and (3) provide professional development embedding such education into well-rounded curricula. Grants require a 25% nonfederal match and must supplement, not supplant, other funds.