College Choice 101: For-profit, Nonprofit, and Your College Options
Examine the costs and benefits of various post-secondary education options.
Welcome to the new Federal Reserve Education website. Register an account and start saving favorite resources!
Back to All
New!
Modules
16-30 min
Loans and Payday Loans: What’s the Cost? | It's Your Paycheck Lesson 8
OVERVIEW
In this interactive module, students learn what a payday loan is and the high cost involved in using such a loan. They calculate an annual percentage rate (APR) on a short-term loan and see why comparing loans using APR is more informative than simply by comparing interest rates.
Related Resources
VIDEO Q&A
0-15 MIN
INFOGRAPHICS & COMICS
Why is Good Credit Important?
Learn about the importance of your credit history.
LESSONS & ACTIVITIES
1 HOUR+
The Car Deal Package
Evaluate the decisions students make when purchasing a car.
READING Q&A
16-30 MIN
Credit Bureaus: The Record Keepers
Introduce credit bureaus.
LESSONS & ACTIVITIES
1 HOUR+
Bankruptcy Basics
Learn about the two types of bankruptcies used by consumers: Chapter 7 and 13.
LESSONS & ACTIVITIES
46-60 MIN
A Loan At Last: Role Play Activity
Learn about the loan process when buying a car.
More in This Series
MODULES
16-30 MIN
Building Human Capital | It's Your Paycheck Lesson 1
Identify the link between investment in human capital and earning income.
MODULES
16-30 MIN
W Is for Wages, W4 and W2 | It's Your Paycheck Lesson 2
Compare different pay and tax types, and how to understand a W-2 and W-4 forms.
MODULES
16-30 MIN
Checking and Savings Accounts | It's Your Paycheck Lesson 3
Discover the differences between checking and savings accounts.
MODULES
16-30 MIN
Your Budget Plan | It's Your Paycheck Lesson 4
Analyze effective budgeting behaviors.
MODULES
16-30 MIN
Savvy Savers | It's Your Paycheck Lesson 5
Describe the "rule of 72" when calculating compound interest.
MODULES
16-30 MIN
Credit Reports | It's Your Paycheck Lesson 6
Learn and discuss the advantages and disadvantages of using credit.
MODULES
16-30 MIN
Creditors' Criteria and Borrowers' Rights and Responsibilities | It's Your Paycheck Lesson 7
Introduce the criteria for how loans are made and what rights borrowers have.
MODULES
31-45 MIN
What Is the Cost of Choosing to Rent-to-Own? | It's Your Paycheck Lesson 9
Review the elements of a contract.
