As we prepare students for life after K-12, offering an understanding of credit is a great starting point in advance of students developing a credit history. This lesson plan and poster printout support those efforts in conjunction with EVERFI – Financial Literacy for High School™ Lesson 4: Credit Scores.
This lesson is designed to help students learn the importance of credit and credit scores. Students will learn how a credit score is calculated and why it matters, how to monitor, manage and avoid damaging their credit score, and the implications of good or bad credit history. Students will examine how financial behavior positively or negatively impacts credit history and create a rubric to measure credit worthiness.
Students will be able to:
- Understand and explain the importance of credit scores and credit history.
- Identify and define important terms associated with credit, the major credit agencies, and circumstances which can effect credit both positively and negatively.
- Thoroughly understand the importance or responsible credit care and use for their financial future.
EVERFI – Financial Literacy
EVERFI – Financial Literacy is an engaging, online resource that uses video, animations and interactive activities to bring complex financial concepts to life. EverFi tracks individual student progress and knowledge gain and provides students who successfully complete the course with certification in financial literacy, which can be a powerful tool for job, college and internship applications.
- Financing Higher Education
- Renting vs. Owning
- Taxes & Insurance
Teachers have access to robust measurement and assessment tools to track their students’ knowledge gains, and additional resources such as a curriculum guide and supplementary lesson plans.