LOWELL - Ten elementary school students were congratulated on winning a $250 college savings account through the Reading is an Investment Program. The program is now in its second year and was used this school term by 124 Vermont elementary schools.
Last year, 108 schools participated. The program promotes both financial literacy and reading literacy through classroom and library instruction and through a personal reading program.
The college savings account winners were selected through a random drawing from the more than 2,200 completed reading logs sent in by students throughout Vermont. Last year, 1,300 logs were submitted.
Lowell Graded School was honored this year as one of our 3rd grade students, Faith Russin, received one of the ten $250 college savings accounts. Faith also received a pink piggy bank and a tour of the State House. It was a memorable day. Congratulations Faith!
The Windham Foundation and TD Bank provide financial underwriting for the program. The Vermont Student Assistance Corporation provides the college savings account prizes. Each fall, participating schools receive three hard-back books teaching money management lessons and a financial literacy curriculum guide. The 2011-2012 personal finance theme was earning and saving money.