Sponsors (12)
Official title: To improve the financial literacy of secondary school students.
Introduced January 21, 2026 by Stephen F. Lynch · Last progress January 21, 2026
The bill expands school-based financial education and prioritizes high-need students and teacher training, but requires significant state matching funds and provides limited-term, competitive federal grants that may create sustainability, administrative, and equity challenges.
Students in participating schools will receive school-based personal finance education (credit, student loans, aid), improving money-management skills before adulthood.
Low-income and high-need students are prioritized for subgrants, directing resources toward schools that most need financial education and reducing some equity gaps.
Teachers and educators will get professional development to embed personal finance and entrepreneurship across curricula, increasing educator capacity to teach these topics.
State and local governments must provide a 25% non‑Federal match, which could strain state education budgets or force cuts to other programs.
Funding is authorized only for FY2026–FY2030 with grants up to four years, creating uncertainty about long-term program sustainability once federal support ends.
Competitive grant design may leave some states or districts without funding even if they have need, producing uneven access across geographies.
Based on analysis of 2 sections of legislative text.
Creates competitive grants to SEAs for K–12 financial literacy programs, requires a 25% state match, and authorizes funding for FY2026–FY2030.
Provides federal competitive grants to state education agencies to help integrate financial literacy into K–12 public schools. States apply for up to four‑year awards, pass most funds to local school districts to support classroom curriculum, partnerships, and teacher professional development, and must provide a 25% non‑Federal match; funding is authorized for FY2026 and the following four years.