The Youth Financial Literacy Pilot Amendment Act of 2025 aims to amend the State Education Office Establishment Act of 2000 by introducing a new grant program that provides eligible students in participating schools with a $50 weekly direct cash stipend for 40 weeks. This program will be administered by the Office of the State Superintendent of Education (OSSE) starting in the 2026-2027 school year and will continue for three subsequent school years. The bill outlines the responsibilities of OSSE and a contracted organization to assess the program's effectiveness on student wellbeing, attendance, and financial literacy, as well as to select participating schools based on established criteria.
The bill defines key terms such as "direct cash stipend," which refers to unconditional, recurring cash provided to middle and high school students, and "participating school," which is a D.C. public or public charter high school with an at-risk student population exceeding 40%. Additionally, it specifies that an "eligible student" must be enrolled in a participating school for the entire school year and have parental consent to participate in the program. The contracted organization will also be responsible for disbursing the stipend, enrolling students, and evaluating the program's efficacy, with annual progress reports submitted to the OSSE and the Council.