Contact: Sandy Connolly, Director of Communications
Office of Higher Education
Nancy Walters, Program Manager at the Office of Higher Education (OHE), is happy to announce that eight grants totaling $173,134 were awarded to six nonprofit organizations, a higher education institution, and a K-12 school district to support provision of information on financing options for postsecondary education and activities that promote financial literacy and debt management among low-income students and their families.
Grant funding comes from the College Access Challenge Grant Program, a federal program that seeks to increase the number of low-income students who are prepared to enter and succeed in postsecondary education.
"Financial literacy training is emerging as an effective way to help students prepare for and manage the high cost of college," said Walters. "These funded projects have the express purpose of providing junior and senior high students with knowledge and skills to make sound financial aid and other personal finance decisions."
The literacy training will focus on obtaining access to, persisting in, and completing postsecondary education. The program will solicit new proposals for funding during the summer of 2012, according to Walters.
Grant recipients for 2011-2012 are:
|Hmong American Partnership||One grant for $12,600|
|Minneapolis Urban League||One grant for $33,851|
|St. Cloud Area School District 742||One grant for $16,883|
|Minneapolis African Women's Association||One grant for $30,000|
|Admission Possible||One grant for $20,000|
|Women's Initiative for Self Empowerment, Inc. (WISE)||One grant for $20,000|
|Central Lakes College||One grant for $21,630|
|Northfield Healthy Community Initiative||One grant for $18,170|
Below is the list of higher education projects funded under the Financial Literacy for College Access and Success Program. Program proposals are selected on a competitive basis by educational experts.
|Project Description||Grant Amount|
|HAP Financial Literacy Program |
Hmong American Partnership
|Minneapolis Urban League |
|St. Cloud Area School District 742 |
St. Cloud Area Readiness Pipeline's Financial Literacy Project
|Minneapolis African Women's Association |
African Girls College Attendance Program Financial Literacy Project
|Admission Possible |
Admission Possible Twin Cities Financial Literacy Curriculum Enhancement
|Women's Initiative for Self Empowerment, Inc. (WISE) |
Immigrant Girls Financial Literacy Program
|Central Lakes College |
Money Management Skills
|Northfield Healthy Community Initiative |
Rice County Collars and $ense
For more information on the awards or projects, contact Nancy Walters at 651-259-3907, or by email at firstname.lastname@example.org.