Program in California Advances Financial Literacy for High School Students


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Access is one of the main reasons many Latinos do not continue their education beyond high school. The lack of access to resources and information –especially financial literacy—keeps many Latino students from going to college. A new program in Pico Rivera, Calif. (90.63% Latino population), is looking to remove some of these barriers.

Heberto M. Sanchez, President and founder of the nonprofit Latino Educational Fund (LEF), and Principal Jonathan Lyons of El Rancho High School in Pico Rivera have agreed to launch the Student Loan Board Program, a “forward thinking pilot program” aimed at advancing the financial literacy for their students.

“This is a unique opportunity for our students to learn about how lending works through the LEF’s hands-on Student Loan Board Program,” Lyons.

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The LEF will provide a three-year grant of $2,000-$6,000 for the for the purpose of lending money to fund student projects. The idea is for students to learn how risk is assessed and what the interest and repayment conditions should be to ensure a profitable return on their investment.

“This is a well, thought-out program that allows students to grasp practical financial applications,” said Lyons. “We congratulate the LEF for its enterprising program that aligns with El Rancho’s mission to prepare students to be college and career ready.”

Learn more about this unique program here.

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