![]() ![]() We are eager to support the Virginia Department of Education by implementing digital wallets to unlock the full potential of these public funds toward maximizing opportunity for student success. ClassWallet reduces overhead costs, saves valuable time, and better visibility and control for decentralized purchases. Qualifying students include any public, private, parochial or home-school student in grades K-12 residing in Virginia and meeting the. ClassWallet is a digital wallet with an integrated eCommerce marketplace, automated ACH direct deposit, and reloadable debit card with pre-approval workflows and audit-ready transaction reporting. “ClassWallet’s leading digital wallet technology provides confidence that the funds are helping Virginia families and making the impact for children the program is designed to have,” Jamie Rosenberg, ClassWallet CEO and founder, said in a public statement. K-12 Learning Acceleration grants totaling 30 million payments will be made directly to the selected provider will be awarded as follows: 1,500 for each qualifying student. Today’s K-12 school districts are implementing digital wallet technology to transform this manual process to massive efficiency with the help of ClassWallet. The mission of ClassWallet is to empower education agencies to achieve the highest levels of accountability, productivity, and back-office efficiency while. The news release said those students will receive a ClassWallet account which they can access from any device and use to buy educational materials and services. The state will allocate microgrants of $3,000 to qualifying students whose family incomes are less than 300 percent of the federal poverty level, and $1,500 to all other qualifying students. The Virginia Department of Education will award learning recovery grants as part of a $30 million federal initiative aimed at helping K-12 students make up lost instruction time from the COVID-19 pandemic, according to a news release from ClassWallet, the vendor selected to track, report and facilitate the grants. ClassWallet is a financial technology company that offers a payment solution to educational organizations, which eliminates paperwork and manual processes.
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