Who is Eligible for NEFE Grants

To be eligible for funding from NEFE, the principal researcher must have a terminal degree in a discipline applicable to the research and must be affiliated with a U.S. nonprofit college, university or research organization.

NEFE funds projects that:

  • Are based on original research questions that necessitate rigorous, empirical analysis.
  • Generate new data or utilize existing datasets. Original data is not required.
  • Involve the direct study of U.S. households and individuals or issues and trends pertaining to them (i.e., the scope is domestic).
  • Investigate direct impacts of financial education or propose research that results in findings impactful to the field.

NEFE does not fund projects that:

  • Have commercial or proprietary elements.
  • Are related to the pilot, development, execution, evaluation, expansion or administration of specific programs, courses or curricula.

Although NEFE does not fund program, course or curricular projects, we have a variety of free resources to use with community members, college students and high school students—as well as a Financial Education Evaluation Toolkit to help you assess your program’s impact. Learn more about NEFE's resources.

We also encourage you to adopt and disseminate our 5 Key Factors for Effective Financial Education, which outlines the essential components for a program to be successful.

For approved projects, NEFE funds eligible expenses such as:

  • The research team’s time (e.g., principal researcher course buy out, graduate assistant compensation).
  • Direct costs related to the research project (e.g., incentives for research participation, conference travel to present the research).
  • Indirect costs up to 15 percent.

For research projects that otherwise meet eligibility criteria, NEFE does not fund the following ineligible expenses:

  • Expenses not directly related to the funded project, such as salaries of permanent staff or operating and administrative expenses.
  • Material and capital costs, such as building and construction; or basic infrastructure and equipment, such as computer hardware and software.
  • Lobbying, political contributions or similar activities designed to influence legislation.
  • Re-grants or pass-throughs.
  • Donations, endowments, challenge grants, matching funds or sponsorships.
  • Direct or matching payments to members of the public.

If you are unsure whether an expense is eligible, please contact us at [email protected].

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