; and (ii) which can be incorporated into educational settings through existing academic content areas, including materials that appropriately serve various segments of at-risk populations, particularly minority and disadvantaged individuals. (B) Designing instructional materials using evidence-based content for young families and conducting related outreach activities to address unique life situations and financial pitfalls, including bankruptcy, foreclosure, credit card misuse, and predatory lending. (C) Developing and supporting the delivery of professional development programs in financial literacy education to assure competence and accountability in the delivery system. (D) Improving access to, and dissemination of, financial literacy information for young people and families. (E) Reducing student loan default rates by developing programs to help individuals better understand how to manage educational debt through sustained educational programs for college students. (F) Conducting ongoing research and evaluation of financial literacy education programs to assure learning of defined skills and knowledge, and retention of learning. (G) Developing research-based assessment and accountability of the appropriate applications of learning over short and long terms to measure effectiveness of authorized activities. (3) Priority for certain applications The Director shall give a priority to applications that— (A) provide clear definitions of financial literacy and financially literate to clarify educational outcomes; (B) establish parameters for identifying the types of programs that most effectively reach young people and families in unique life situations and financial pitfalls, including bankruptcy, foreclosure, credit card misuse, and predatory lending; (C) include content that is appropriate to age and socioeconomic levels; (D) develop programs based on educational standards, definitions, and research; (E) include individual goals of financial independence and stability