Babylon Junior-Senior High School was recently selected as one of 25 organizations to participate in Capital One Bank's first Financial Literacy Challenge on Long Island, an awards program designed to encourage money management best practices among children and adults throughout Nassau and Suffolk counties.
Each of the organizations will be awarded $5,000 to help implement their respective financial education programs between September 2012 and May 2013.
Babylon High School's business and family and consumer science (FACS) departments were specifically selected for the Challenge. The departments plan to use the grant to purchase financial literacy hardware, implement new online financial literacy games provided by Capital One Bank through the grant and help defray the costs of field trips to Wall Street and the Financial District.
"We plan to continue our efforts to educate our students on the importance of being financially savvy," Babylon High School Director of Practical Arts Claire Reilly said. "All of our eighth grade FACS students are taught a financial literacy lesson by FACS teacher Jenna Cucci. Our 11th and 12th graders participate in the National Financial Capability Challenge and the WISE Jump Start Financial Literacy program." Reilly also noted the district plans to implement a financial literacy class starting in the preschool.
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Teachers in the two departments will also undergo training to expand their expertise on the subject of financial literacy. The individuals participating in the grant process are Reilly, Babylon High School business teacher Andrew Marulis and FACS teachers Jenna Cucci and Lisa Brush.
“We are thrilled to support the 25 organizations – which represent a range of communities, age groups and interests – to participate in Capital One Bank’s first Financial Literacy Challenge on Long Island,” said Andrew Corrado, Long Island market president of Capital One Bank, in a statement. “While these groups serve unique populations, they share a commitment to teaching Long Island residents about money management best practices.”