A 2016 study gave a small group of children standardized testing to see their achievement in math and reading, followed by MRI testing to observe their brain. The MRI focused on the the frontal cortex -- the part of your brain responsible for things like working memory, attention, and planning.
Interestingly, the researchers observed that the children who had more endurance also had more brain maturation, and scored higher on their achievement test. This has led scientists to believe that the frontal cortex and the hippocampus become improved when children exercise.