The Florida Literacy Coalition (FLC) is proud to partner with Wells Fargo in establishing a statewide financial literacy program for students in adult education/literacy, ESOL (English for Speakers of Other Languages) and family literacy programs. This initiative supports the integration of literacy and math instruction and financial education, promoting a contextualized approach to learning.
2021 Financial Literacy Request for Proposals
We are pleased to continue the Florida Financial Literacy Initiative into its 8th year, providing grants to advance financial literacy in adult ESOL and family literacy programs. Through the generous support of Wells Fargo, at least 8 grants of up to $5,000 will be awarded in December 2021.
Grant applications will be accepted until November 29, 2021 at 4 PM EST.
An infomational webinar for potential grant applicants was held on Friday, October 15th. FLC staff provided an oveview of the Florida Financial Literacy Initiative and the grant application requirements.
Florida Financial Literacy Initiative Grant Recipients
Congratulations to the 2020 Financial Literacy Grant Recipients:
Eight mini-grants were dispersed to organizations throughout Florida in a competitive process for the 2019-20 program year. During this year, more than 650 students were served through the Initiative. This brings our total number to 5,203 students served.
Reporting Documents and Guidelines
Financial Literacy grantees are asked to submit a mid-year and end of year report. The guidelines and deadlines are listed below. In addition to the narrative (which should be submitted digitally), grantees are asked to submit data collection forms after a course has been completed. All grantees are expected to use the assessments and surveys below.
Project-based learning (PBL) is a collaborative approach to teaching in which learners are placed in realistic situations that require them to actively use the skills and information they have gained in the classroom to accomplish the project goals.
This type of learning helps students to acquire a deeper understanding of topic. The best projects are those that have an impact outside of the classroom so students feel that their efforts are making a difference for others. The benefits of PBL include:
Improves student confidence
Provides the opportunity to practice skills, problem-solving, and communication in a safe environment.
Increases personal and professional success
Illustrates connection between the classroom and real life experiences
Provides the instructor with feedback on the effectiveness of lesson plans
Meets the needs of learners with varying skill levels and learning styles
Examples of PBL Activities
Financial Reality Fair
Experiential learning activity in which students apply the financial literacy information and skills gained in class. Students visit different booths to obtain needed services and budget for what they can afford based on their assigned income.
Invite community partners to host information booths that give students the opportunity to sign-up for bank accounts, choose health care policies, apply for a job, find affordable housing and budget for other needs including utilities, groceries, daycare, cell phones, etc.
Set up a mock bank in which students play the roles of bank teller, loan officer, account managers, customers, etc.
Customers will be required to open a new accounts, deposit money, withdraw money, and write checks. Bank employees will be required to explain the process to the customer and process all transactions.
Group Research Projects
Assign students a research project on a financial literacy topic and encourage them to create an educational product (poster, handout, brochure, video) to educate others outside the financial literacy class.
Have students set up a mock store in order to practice budgeting and money management skills.
Students at Broward County Community Schools developed a Village Boutique thrift store, which provided students with the opportunity to design and stock the boutique as well as to use their new financial literacy skills to save and budget to buy items at the store. Visit https://padlet.com/nicole_laine/villageboutique2017 for more information and photos of this innovative project.
The Initiative is committed to assisting grantees to deliver financial literacy information in both virtual and in-person learning environments. Additional curriculum materials, classroom activities and assessments are being developed to address instruction needs during the COVID-19 pandemic.