ERMA — Sixteen students who attend Lower Cape May Regional High School in Cape May have each been awarded a $20,000 scholarship through the H&R Block Budget Challenge — a teen financial literacy program that rewards high school students and classes for mastering real-world budgeting and personal finance decision-making. The 16 LCMR HS students are part of a group of 20 winners nationwide.
A presentation for the recipients of the scholarships will take place at Lower Cape May Regional High School on Feb. 4, 2016 at 10:30 a.m. at the high school. Representatives from H&R Block will be present to recognize the students and the teachers for this outstanding accomplishment.
The learn-by-doing educational approach of the H&R Block Budget Challenge allows students to experience activities like paying bills, managing expenses, saving money, investing in retirement, paying taxes and more in the safety of a classroom. The program was created to help address the need for more financial education in the classroom. Only seven percent of high school students are financially literate and fewer than 30 percent of adults report being offered financial education at school or college. The state of New Jersey currently does require a one-semester course in financial education to graduate.
“We’re proud of all 16 Lower Cape May Regional High School students included among the top-performing students in the country for the H&R Block Budget Challenge,” said Michael Wilson, business teacher at Lower Cape May High School. “Financial literacy is important to the future success of our students, and we’re thrilled there’s such a hands-on platform through which they can learn.”
For more information on the H&R Block Budget Challenge, visit hrbds.org.
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