On Monday the Office of Vocational and Adult Education at the U.S. Department of Education announced a funding opportunity to support â€œState-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, persisting in, and completing postsecondary education.â€ Eligible applicants are State educational agencies that have included personal finance in their State education standards.
This is a great opportunity for the CTE community to help the nation meet the Presidentâ€™s challenge of once again having the highest proportion of college graduates in the world. One of the barriers to achieving this goal is the lack of financial literacy among youth, and studies have shown that Americans do not have the skills they need to make sound financial decisions, including decisions about postsecondary education. The Administration recognizes the role that CTE can play in equipping students with the financial literacy skills they need — the notice specifically mentions CTE as an area where teachers can integrate financial literacy instruction, and requires that the State project team include the agencies in the state representing CTE and 2-year postsecondary institutions.
Deadline for Notice of Intent to Apply: August 5, 2010.
Deadline to Apply: September 9, 2010.
For more information, please see the Federal Register notice.