University of Missouri receives financial literacy grant

The State Farm Youth Advisory Board gave the University of Missouri Curators a $29,900 grant on Monday afternoon.

The money supports a teen financial literacy project.

The project helps MU students teach high school seniors financial skills that are required for graduation through personal finance classes.

The majority of high schools involved with the program are in a 50 mile radius of the MU campus.

However, project organizers are trying to branch out across the state.

Low income schools across the state and rural schools don TMt have a vision of what the University of Missouri is, as well as how to manage their finances," MU Personal Financial Planning Department Chair Dr. Rob Weagley said. "Kind of coupling the two together with quality students going in and doing a quality program, I think it might actually have an effect and cause them to dream a little bit bigger dreams than what they have dreamt before. That TMs what we are about.

MU is one of 82 community organizations across the United States and Canada to get a service-learning grant from the State Farm Youth Advisory Board.

More than 1,100 grant requests were received by the Board.