Young Americans Financial Literacy Act

This bill tells the Consumer Financial Protection Bureau to give competitive grants to groups that work together to create financial literacy programs for young people and families. These groups must include at least two different types of organizations like colleges, government agencies, nonprofits, banks, or other small organizations. The grant money can be used to develop financial education programs, train teachers about financial literacy, create programs to help students avoid defaulting on loans, and research how well these programs work. The grant program will end after 2029.

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