California Division of Training
Information Launch
California Division of Training
Information Launch
Launch: #22-40
August 18, 2022
SACRAMENTO—State Superintendent of Public Instruction Tony Thurmond in the present day introduced that he secured a further $1.4 million in non-public funding for lecturers in California excessive faculties to assist ship monetary literacy programs. He was joined in a digital press convention by Tim Ranzetta, Co-Founding father of California-based nonprofit Subsequent Gen Private Finance (NGPF), who’s partnering with the state to supply trainer stipends {and professional} improvement for monetary literacy. This public–non-public partnership supplies $1.Four million in skilled improvement grants to coach highschool lecturers, enabling them to supply private finance electives at their excessive faculties, and a district-matching grant program for private finance specialists.
Analysis reveals that college students who’ve entry to high-quality monetary schooling have higher monetary outcomes as adults, leading to much less debt, and the next high quality of life. In response to a NGPF report, whereas 70 p.c of highschool college students nationwide have entry to a private finance elective or a assured course, solely 26 p.c in California do. Superintendent Thurmond is working to change that.
“Offering monetary literacy provides college students a means of studying in very hands-on and sensible methods. Monetary literacy is very vital at a time of rising inflation, the place many households are going through powerful financial selections. These courses will enhance our college students’ consciousness and permit them to reside a life with out debt and to make higher monetary selections,” mentioned Thurmond. “There are tutorial advantages to our college students as effectively, and these programs can align with our A–G necessities. We all know that Californians reside with a really excessive price of dwelling, there’s a number of poverty and a number of challenges, and we consider that these are instruments that can assist to enhance the lives of our younger individuals—possibly even have interaction them in methods that can make them extra enthusiastic about what they’re studying in arithmetic, science, and different topics.”
In addition to the NGPF grant, the 2022–23 state price range supplies a $3.5 billion Arts, Music, and Educational Supplies Discretionary Block Grant to county workplaces of schooling, faculty districts, constitution faculties, and the state particular faculties. These block grant funds shall be obtainable to complement NGPF’s donation and assist faculties’ capacity to increase monetary literacy course choices. The one-time grant is accessible for encumbrance by the 2025–26 fiscal 12 months and is allotted on a per-pupil foundation.
“I would like to say once more how enormously grateful I’m and our group is to Superintendent Thurmond for his imaginative and prescient and management in forming this partnership,” mentioned Ranzetta. “We’re terribly proud to be a part of a plan to supply our California highschool college students with the data to allow them to thrive and flourish within the monetary world we inhabit.”
Grant funds shall be used to ship skilled improvement workshops to extend trainer confidence to show the course. Lecturers will obtain stipends for his or her participation. Beginning in the present day, the primary 1,000 California public highschool lecturers who full 20 hours {of professional} improvement with NGPF will earn a $500 stipend. Lecturers can enroll for these skilled improvement workshops by way of the NGPF Certification Programs
, On-Demand
, and Digital PD
pages.
Funds may also be used to catalyze entry within the 5 largest public faculty districts within the state—Los Angeles, San Diego, Fresno, Lengthy Seashore, and San Francisco. Subsequent Gen Private Finance is providing an identical grant program to assist every district rent a private finance specialist. This specialist will present curriculum assist {and professional} improvement to assist educators throughout the district. These districts can obtain additional particulars about this grant program by contacting senior venture supervisor Tori Mansfield at tori@ngpf.org.
In addition to the NGPF curriculum presently getting used bymore than 4,000 California educators, different high-quality resourcesare listed on the California Division of Training Grades Okay–12 Monetary Literacy Sources internet web page.
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Tony Thurmond —
State Superintendent of Public Instruction
Communications Division, Room 5602, 916-319-0818, Fax 916-319-0100
Final Reviewed: Thursday, August 18, 2022