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So How Much Are You Really Paying for that Loan? Lesson PlanSo How Much Are You Really Paying for that Loan? Lesson Plan
Publisher
Federal Reserve Bank
Resource Details
Curator Rating
Educator Rating
Not yet Rated
Grade
9th - 12th
Subjects
Math
3 more...
Resource Type
Lesson Plans
Audience
For Teacher Use
Duration
1 hr
Instructional Strategies
Collaborative Learning
6 more...
Technology
Presentation
Year
2014
Lesson Plan

So How Much Are You Really Paying for that Loan?

Curated and Reviewed by Lesson Planet
This So How Much Are You Really Paying for that Loan? lesson plan also includes:
  • Whiteboard (SMART/.notebook)
  • Whiteboard (PowerPoint/.pptx)
  • Whiteboard (ActivInspire/.flipchart)
  • It’s Your Paycheck! Full Curriculum
  • Glossary of Terms
  • Answer Key
  • Activity
  • Worksheet
  • Assessment
  • Join to access all included materials

Loans are rarely provided without a cost. Pupils evaluate the high cost of using a payday loan or payday advance through discussion and worksheets, and finally work in groups to develop short public service announcements that outline the drawbacks of using a payday loan.

163 Views 119 Downloads
CCSS: Designed

Concepts

loans, financial literacy, personal finance, interest rates, interest

Additional Tags

math

Instructional Ideas

  • Supplement a lesson on the process of buying a car with this resource. You can also contact your local financial institution for a representative who will come and present to your class on important personal finance topics like these

Classroom Considerations

  • This is the eighth lesson in a series of nine developed to support high school students in building a strong knowledge base of personal finance skills

Pros

  • All worksheets and answer keys included
  • Lesson was designed with specific Common Core State Standards in mind

Cons

  • None

Common Core

1.MD.A.1 RH.6-8.4 RH.6-8.7 WHST.6-8.1.a WHST.6-8.1.b WHST.6-8.1.c WHST.6-8.1.d

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