Financial Education for Students: District Grants from Discover

At ClassWallet we streamline the tracking and distribution of education funds.  Here on our blog we provide tips from financial experts to help you manage your district budget and cover financial information for the education world.  For this post we take a look at financial education for students and the pressing need for it through our chat with Matt Towson, Director of Community Affairs at Discover.

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Student-Based Budgeting: The Case for Transparency of District Funds Allocation

A shift is occurring in school districts across the United States, a shift from top down, centralized budgeting to student-based budgeting, also referred to as weighted student funding.  According to the American Legislative Exchange Council, weighted student funding is defined as “student funding from state sources. It includes additional funds, “weights,” based on percentages of foundation funding revenue to offset the higher education costs associated with certain student and school demographics.”

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