Get Out of Debt

Worksheet • 30 min of learning

Here's how Get Out of Debt aligns with curriculum standards in Massachusetts. Use the filters to change the location, set of standards, and grade level.

Location

Standard

Grades

Standards

Defined by Personal Financial Literacy 9th-12th Grades and align with Get Out of Debt

HSS.ECON.T1.5: Predict how interest rates act as an incentive for savers and borrowers.

HSS.PFL.T3.1: Recognize that a credit card purchase is a type of loan from the financial institution that issued the credit card, that financial institutions may charge a fee for credit card use, and that credit card interest rates tend to be higher than those for other types of loans.

HSS.PFL.T3.2: Explain why some banks offer credit at low introductory rates that increase when a consumer makes a late payment or misses a payment.

HSS.PFL.T3.3: Explain what a credit bureau does, what a credit rating is and the factors from an individual's credit history that may lead to denial of credit; explain the potential uses of credit reports and scores (e.g., in hiring or renting decisions or the setting of insurance premium rates).

HSS.PFL.T3.6: Formulate a credit plan for purchasing a major item such as a car or home, comparing different interest rates.