Greater Lawrence Tech Gets $2.5K Grant To Host Credit For Life Fair

BOSTON, MA — Greater Lawrence Technical School has been awarded a $2,500 Financial Education Innovation Fund Grant to host a Credit for Life Fair, where students will be taught about finances.

The grant is sponsored by three state government agencies: the State Treasurer's Office of Economic Empowerment (OEE), the Division of Banks (DOB) and the Office of Consumer Affairs and Business Regulation (OCABR).

Greater Lawrence Tech, which is located in Andover and serves Andover, North Andover, Lawrence and Methuen, was one of 15 schools to receive a total of $42,265 in the latest round of funding. Schools were required to apply for the grants.

"The Credit for Life Fairs offer high-quality experiential learning for young adults in Massachusetts," said State Treasurer Deborah Goldberg. "Students deserve access to education that will prepare them for the kind of financial situations they will encounter throughout their lives."

The Education Innovation Fund Grant program began in 2015 as part of an ongoing effort to strengthen access to financial literacy throughout Massachusetts, program organizers said.

The program is funded by the DOB through a settlement over alleged unlawful lending practices, according organizers.

Since 2015, over 40,000 Massachusetts students have attended Credit for Life Fairs.

"This grant is a fantastic opportunity to convey financial concepts to students who will soon enter adulthood," said Edward Palleschi, undersecretary for the OCABR "These fairs are important venues for preparing our next generation to manage their financial well-being. I am glad to deliver an opportunity once again for such valuable lessons."

The recently announced grants represented the second round of funding this cycle. In December, a total of $115,400 in funding was handed out to 39 Massachusetts schools as part of the program.