Payday loans are convenient and provide FAST cash to cover emergency situations or help pay a borrower’s expenses from one paycheck to the next. But the fee-based structure of payday lending is quite different from a traditional loan, and laws vary among the states. The April 2019 edition of Page One Economics®: Focus on Finance takes a look at the structure and fees that make these loans costly.
Material Type: Lesson, Reading
"Future Ready: Financial Literacy" is an educational resource that explores credit cards, emphasizing the importance of understanding their costs and potential hazards. Learners will develop rational thinking and decision-making skills through a cost-benefit analysis. The content focuses on financial responsibility, highlighting the benefits of wise money management and the costs of irresponsibility. The resource equips individuals with essential knowledge to make informed financial choices and maintain a healthy credit score.
Material Type: Homework/Assignment, Lesson, Module, Reading, Unit of Study
Growing up means making big decisions, and decisions about college are among the most important. The second episode of the Continuing Feducation Video Series, Saving for College, follows high school student Martina as she learns about the basics: investing in human capital, factors to consider when choosing a college, and ways to fund higher education.
Material Type: Lecture
Take a stroll through each screen of the online FAFSA to see what information you'll need on hand to complete the application quickly and accurately.
Material Type: Lecture
How do savers and borrowers find each other? In the market for loanable funds! In this video, learn how the demand of loanable funds and the supply of loanable funds interact to determine real interest rates.
Material Type: Lesson
Students learn that the loanable funds market is a virtual clearing house matching borrowers and savers. They participate in an activity to demonstrate crowding out in the loanable funds market. They use demand and supply analysis to graphically represent the results of crowding out.
Material Type: Lesson
This lecture is about bonds. A bond is a debt investment in which an investor loans money to an entity (typically corporate or governmental) which borrows the funds for a defined period of time at a variable or fixed interest rate. It discusses the bond terminology, how to compute the price and yield of the different types of bonds. Additionally, it describes why bond prices change over time and how credit risk affects a corporate bond.
Material Type: Lecture
This lesson covers the topic of Time Value of Money and prepares students for lessons on simple interest loans (operating notes and lines of credit) and amortized loans. It introduces the ideas of present and future values, compounding and discounting, payements and time periods. It uses Microsoft Excel extensively as an aid for problem calculations.
Material Type: Activity/Lab, Primary Source
The idea of taking out loans can seem intimidating or counterproductive. But there are plenty of times when loans can come in handy. We’re not talking mortgage size loans here – loans don’t have to be for large amounts and they don’t have to be for tuition payments. Read on to learn how and when to use loans, and what may be the best options for you!
Material Type: Reading
College is an Investment We want to be sure you get your time and money's worth and graduate with little to no debt. There's money out there to help you pay for college — some of it you may not have to pay back — and we want to help you get it. In this section, we'll walk you through: How much college costs and what your money goes to How to get money for college The kind of money that's available Descriptions and links to funding programs Whether your goal is to get started on a bachelor's degree and transfer, or to train for an in-demand job, you'll get an outstanding education for the lowest tuition. Note: This is a Washington resource but has many resources that are useful for Oregon and Idaho students.
Material Type: Reading
Attribution: College Matchpoint.
Material Type: Reading
This lesson is to help students analyze aspects and features of credit cards to know how to determine which would be best for various situations.
Material Type: Lesson Plan
Students will be able to Utilize knowledge and strategies to get the best possible financing terms (that meet their individual needs and budget) for a new or used car Explain the difference between a car loan and lease as well as advantages and disadvantages of each Have a backup plan if they find themselves unable to afford their car payments
Material Type: Lesson Plan
Overview: Students will be able to - Identify the quantitative and qualitative benefits of going to college - Explain the importance of researching expected starting salaries when choosing a college and major - Understand common costs associated with college - Explain the difference between sticker price and net price - Have a conversation with their parents or guardians about paying for college
Material Type: Lesson
Unit that includes lessons with paying for college, FAFSA, scholarships, grants, student loans, financial aid packages, repayment and payback.
Material Type: Lesson Plan, Unit of Study
Acquiring the use of a car is a rite of passage for high school students. In this personal financial literacy lesson, students will investigate the cost of a car, types of lending agencies, and additional costs associated with car ownership. This lesson does require that students have access to the internet for research purposes. This lesson includes optional modifications for distance learning. Resources for use in Google Classroom are included.
Material Type: Lesson Plan
Episode 1 of the Continuing Feducation Video Series, Understanding How a FICO Credit Score is Determined, provides a short overview of credit scores—how they are determined and why they are important.
Material Type: Lecture
This lesson is an introductory lesson to Credit. It leads into my other lesson on Creditworthiness nicely. I have included a presentation and a crossword puzzle.
Material Type: Activity/Lab, Lesson
This lesson will provide high school students with information about what information is collected by the three main credit bureaus and included on a credit report, and how credit bureaus share the information. Free resources for viewing personal credit scores also discussed.
Material Type: Activity/Lab, Lesson, Lesson Plan
Credit bureaus have evolved into big businesses. The December 2017 issue of Page One Economics: Focus on Finance addresses the growth of credit bureaus and how the credit reports they maintain affect both creditors and borrowers.
Material Type: Lesson, Reading
