Accessing Financial Literacy Programs in New Jersey
GrantID: 65771
Grant Funding Amount Low: $1,000
Deadline: Ongoing
Grant Amount High: $1,000
Summary
Grant Overview
Readiness for Financial Literacy Programs for Disabled Students in New Jersey
New Jersey faces significant barriers for college students with disabilities, particularly related to financial literacy. Despite being the fifth most educated state in the U.S., many students with disabilities lack crucial financial knowledge. According to the National Center for Education Statistics, students with disabilities in New Jersey are twice as likely to drop out of college compared to their peers, often due to financial challenges exacerbated by a lack of understanding of financial aid and budgeting.
The individuals most affected by this issue include students with various documented disabilities across New Jersey's numerous educational institutions, especially those attending community colleges in urban areas like Newark and Camden. Many of these students come from underserved backgrounds and face compounded challenges that make navigating college finances particularly daunting. High tuition fees, in conjunction with limited financial literacy resources, further place these students at a disadvantage, making it hard for them to succeed academically.
This grant program aims to address these challenges by providing specialized financial literacy programs that equip students with essential financial skills. Programs will focus on key areas such as budgeting, managing student loans, and understanding financial aid packages. By targeting New Jersey’s unique educational landscape, which features a mix of urban and suburban institutions, this initiative will tailor its approach to meet diverse student needs effectively. The ultimate goal is to promote financial independence and stability among students with disabilities, ensuring they can transition smoothly into their academic and financial responsibilities.
With a significant population of college students in New Jerseyapproximately 300,000 undergraduatesenhancing financial literacy for students with disabilities is critical. This initiative stands to benefit not only individuals but also the broader community, as financially literate graduates are more likely to contribute positively to the state’s economy. Furthermore, by promoting consistent financial literacy training across various institutions, New Jersey will foster a more inclusive educational environment that prepares all students to thrive.
The success of this initiative hinges upon collaboration with local colleges and universities, non-profit organizations specializing in disability advocacy, and financial education experts. Together, these stakeholders will work towards establishing a comprehensive approach that integrates financial literacy into existing support systems for students with disabilities throughout New Jersey.
Eligible Regions
Interests
Eligible Requirements
