- Associated Press - Friday, May 8, 2015

ST. CLAIR, Mich. (AP) - A southeastern Michigan teen has been awarded a $120,000 scholarship after finishing first in the H&R; Block Budget Challenge financial literacy program for high school students and educators.

The scholarship was announced Friday for 17-year-old Sean Lawrence at St. Clair High School in St. Clair. The check was presented during a special assembly at the school.

Lawrence beat out about 90,000 other teens in the national competition. He said he plans to study chemical engineering.

H&R; Block says the first-year program is a learn-by-doing tool that simulates an adult’s financial life, including bill-paying, retirement investing and loan management. More than 5,600 classrooms participated in the competition.

Another St. Clair High School student, Matthew Kerrigan, received a $20,000 scholarship for placing nationally among the top 22 participants.

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