See all 8th-12th Grades Standards
Borrowing

Borrowing

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Here's how Borrowing aligns with curriculum standards in West Virginia. Use the filters to change the location, set of standards, and grade level.

II: Group II - Personal Finance

SPECIFIC EVALUATION CRIT.: SPECIFIC EVALUATION CRIT.

2: Earning Income

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Borrowing
1451.2.6: Explain how using payday loans can cause a cycle of debt.

5: Credit

Standards
Defined by WV SPECIFIC EVALUATION CRITERIA 8th-12th Grades and align with Borrowing
1451.5.10: Compare what happens if a borrower fails to make required payments on a secured loan, such as an auto loan or a home mortgage, versus failing to pay with a credit card account.
1451.5.14: Investigate the effects of bankruptcy on assets, employment, and future access to credit.
1451.5.3: Explain how credit card grace periods, methods of interest calculation, payments, and fee affect borrowing.
1451.5.4: Give examples of unsecured and secured loans.
1451.5.5: Differentiate adjustable rate and fixed rate loans (e.g., balloon payments, mortgages, etc.).
1451.5.8: Describe how failing to repay a loan can negatively impact a person’s finances and life.