Estimated Lesson Time: 95 Minutes

Students will be able to:
-Explain how to make good choices regarding the use and management of credit and debt
-Understand how credit is typically used in the US
-Calculate net worth
-State the difference between a credit report and score and why each is important

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.

Estimated Lesson Time: 100 Minutes

Students will be able to:
-Enumerate the components of a credit report and how long each data type is retained
-Read a credit report
-Explain key components of the Fair Credit Reporting Act and how it impacts lenders and borrowers
-Understand the importance of reviewing one’s credit report and the steps to take to find and dispute errors

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.

There is lots of flexibility with this unit. Although it may seem small, this unit allows teachers and students explore topics in greater depth in a lecture/small group discussion format, online discussions, or student led lessons. This resource covers sources of credit; advantages/disadvantages of credit; credit records,reports, & management; consequences of poor credit; and bankruptcy.

The strength of this unit is the flexibility it provides for teachers and students. The structure of this unit allows for a variety of instructional stategies to be utilized.

Estimated Lesson Time: 140 Minutes

Students will be able to:
-Name the components of a credit score and how they’re calculated, with a specific focus on credit utilization rate
-Describe how credit score impacts the ability to borrow money and at what rate
-Understand the implications of a thin file and how they can build credit and improve their score
-Summarize the rules contained in the Equal Credit Opportunity Act

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.

Estimated Lesson Time: 120 minutes

Students will be able to:
-Generate a list of responsible strategies that can be used by an individual to pay down and eliminate their debts
-Explain the difference between High Rate and Debt Snowball repayment methods
-Decide whether credit counseling, the FTC, or the CFPB could help them manage debt
-Understand the consequences of not paying one’s debts and the choices of last resort for out-of-control debt

ANSWER KEY LINKS: Create a Next Gen Personal Finance (NGPF) account to access answer keys. They will be listed under the Full Year Curriculum tab.

This resource is a collaborative assessment that takes about five 50-minute class periods (without the presentation time) that can be used after completing the Junior Achievement Economics for Success program. Outcome topics include goals, budgeting, credit, and insurance. Other prior knowledge includes how to create, format, and collaborate using a presentation app (Google Slides). Keep in mind that this project is used in a class that also teaches keyboarding, personal finance, and computer applications.  This is part of a unit assessment.