S. 2671 would provide grants to promote financial literacy.

== Detailed Summary ==

<summary>
(Log inFinancial Literacy Improvement Act of 2008 - Amends the Elementary and Secondary Education Act of 1965 to editdirect the wikiSecretary of Education to award formula matching grants to states or partnerships between states and beexperienced nonprofit providers of financial literacy or personal finance education programs.

Requires grantees to use 25% of the firstgrant funds to: (1) develop financial literacy standards and assessments for at least three grade levels; (2) create teacher training programs to provide a detailed summaryembed financial literacy or personal finance education into core academic subjects; and (3) evaluate the impact such education has on students' financial literacy.

Requires the remaining grant funds to be used for subgrants to local educational agencies (LEAs) or partnerships between LEAs and community organizations, local businesses, or other educational entities to implement such financial literacy activities, including student assessments and teacher training.

Amends the Higher Education Act of 1965 to direct the bill!)Secretary to award competitive grants to institutions of higher education (IHEs) or partnerships between IHEs and experienced nonprofit providers of financial literacy or personal finance education programs for activities that increase student knowledge in consumer, economic, and personal financial concepts.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 2/27/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
</status>

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== Points in Favor ==

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== Points Against ==

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