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Credit History and Equal Opportunity

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In this lesson, students first learn how credit history and credit scores are determined. Then, to better understand the protections of the Equal Credit Opportunities Act, they participate in a card-sorting activity where they evaluate creditworthiness based on borrower characteristics, determine which characteristics may be legally considered, and sort the applicants from most likely to least likely to get a loan. Next, they examine a primary source document to see how information that can be legally used to evaluate credit changed with the act. In an optional extension activity, students sort cards again to match primary borrowers with cosigners. They then learn about the pros and cons of cosigning.

Material Type: Activity/Lab, Lesson, Lesson Plan

Authors: Eva Johnston, Genevieve Podleski

Credit Cred Online Course for Teachers and Students

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Credit can be a powerful tool in your financial toolbox if you understand how to use it wisely. In this course, you'll learn about different types of credit and the costs associated with using credit. You'll learn the importance of building strong credit by borrowing wisely and paying promptly, arranging credit for making major purchases like a car or home, avoiding common credit mistakes, and monitoring your own credit. You'll also learn about credit reports, your credit score, and steps you can—and should—take to build your own credit cred!

Material Type: Full Course

Introduction to Credit Risk Management

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Imagine that you are a bank and a main part of your daily business is to lend money. Unfortunately, lending money is a risky business – there is no 100% guarantee that you will get all your money back. If the borrower defaults, you will face losses in your portfolio. Or, in a bit less extreme scenario, if the credit quality of your counterparty deteriorates according to some rating system, the loan will become more risky. These are typical situations in which credit risk manifests itself. According to the Basel Accord, a global regulation framework for financial institutions, credit risk is one of the three fundamental risks a bank or any other regulated financial institution has to face when operating in the markets (the two other risks being market risk and operational risk). As the 2008 financial crisis has shown us, a correct understanding of credit risk and the ability to manage it are fundamental in today’s world. This course offers you an introduction to credit risk modelling and hedging. We will approach credit risk from the point of view of banks, but most of the tools and models we will overview can be beneficial at the corporate level as well. At the end of the course, you will be able to understand and correctly use the basic tools of credit risk management, both from a theoretical and, most of all, a practical point of view. This will be a quite unconventional course. For each methodology, we will analyse its strengths as well as its weaknesses. We will do this in a rigorous way, but also with fun: there is no need to be boring.

Material Type: Full Course

Author: Dr. Pasquale Cirillo

Teaching Students About Credit

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Now more than ever, it’s essential that young people know how to use credit cards wisely and manage their debt, before they learn the hard way. This video features Lauren Popkoff, a teacher at Brooklyn College Academy in Brooklyn, New York. As Lauren lifts the veil off of credit, she outlines a lesson she teaches her high school students to arm them with the knowledge they need to make wise financial decisions. In this lesson, Lauren presents the advantages and disadvantages of credit, compares credit card offers with her students, discusses ways to establish credit, and highlights the credit card act of 2009.

Material Type: Lecture

Author: PBS Learning Media

NGPF Curriculum Crosswalk_OR High School Personal Financial Education Content Standards

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This crosswalk aligns Next Gen Personal Finance's free curriculum to Oregon's High School Personal Financial Education Content Standards. Each standard is matched with the corresponding lessons from NGPF's Semester Course and supplemental resources. Each lesson links directly to NGPF's website, where you can find both the Student Activity Packet and Lesson Guide/Answer Key.

Material Type: Full Course, Lesson, Lesson Plan, Student Guide, Unit of Study

Author: NGPF

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