Ten high school students were honored last night in Washington, D.C., at the National Financial Literacy Challenge Scholarship Awards Banquet, sponsored by Charles Schwab Foundation. The 10 winning teens each achieved a perfect score of 100 percent on the inaugural National Financial Literacy Challenge, a voluntary online test of personal finance knowledge, sponsored by the Department of the U.S. Treasury. The attending Award winners, who came from all over the country, were also recognized by the President's Advisory Council on Financial Literacy at its meeting this morning at the Department of the U.S. Treasury.
In addition to the all-expenses-paid trip to Washington, D.C. for the winners and two guests each, winners will receive a $2,500 scholarship for use at the college or university of their choice. An additional $1,000 contribution in each of the winners' names will be made to the high schools or programs that provided their personal finance education, funded by Charles Schwab Foundation.
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