Youth Financial Learning Act

Enhanced Student Understanding: Local educational agencies can use funds to implement curriculum that improves understanding of consumer, economic, entrepreneurship, and personal finance concepts, such as student loans and personal credit (Section 2(c)(1)).

Innovative Learning Opportunities: The bill allows for the promotion of partnerships between local educational agencies and community-based organizations to provide innovative, evidence-based financial literacy activities, which may include after-school activities (Section 2(c)(2)).

Support for Teacher Growth: Funds can be used to promote professional development programs to embed financial literacy or entrepreneurship education into a well-rounded education (Section 2(c)(3)).

Targeted Assistance for High-Need Areas: State educational agencies are directed to give priority to subgrants for local educational agencies that demonstrate the greatest need and a commitment to helping the lowest-performing schools (Section 2(b)(4)(B)(ii-iii)).

Geographic Diversity: The application process requires state educational agencies to ensure that grant activities benefit students across urban, rural, and suburban locations (Section 2(b)(3)(D)).

Financial Burden on States: A State educational agency that receives a grant is required to provide matching funds from non-Federal sources equal to 25 percent of the grant amount (Section 2(d)).

Time Limitations: Grants awarded under this section are limited to a period of not more than 4 years (Section 2(b)(2)).