Activity Preview

This is just a preview for one of Find Your Grind's interactive online activities and assignments.

Want to access the full digital experience for your classroom? Sign up for free today!

educator sign up

Loan Basics 30 min

  • Level 2

Additional Materials: Electronic Device(s) to Watch Video

Introduce loan options with this video: Loan Basics. The video gives a thorough overview of loan options. Use the video to answer the following questions:

Note: The video is short and sweet and covers a lot of information quickly; you may want to stop the video to help students catch up and point out specific information.

  • List the types of loans available.
  • Define the following: Principle, Interest, and Term.
  • Compare secured versus unsecured.
  • What does collateral mean when referring to loan options? 
  • What are interest rates affected by?
  • What is a credit score and how can it affect your loan options?
  • How does your “life situation” affect taking out a loan?
  • Co-signer — who’s that? Explain.
  • Define fixed and variable interest rates.

Closure: Getting a loan is a big step financially and shouldn’t be taken lightly.

REFLECTION ENTRY

Why do you think taking out a loan is a significant financial decision? Explain.

You can get Find Your Grind in your classroom today, for free!

The Find Your Grind Curriculum helps students prepare for life outside of the classroom, with meaningful lessons on topics like finding your identity, responsible social media use, digital citizenship, fincial literacy, and the job application process.

Focuses on social emotional learning and student agency

Allows for exploration of student interests

Challenges students through inquiry and reflection

Creates research opportunities

Learn More

Are you an educator or a teacher?

Find Your Grind has a variety of educational products in schools across North America.

learn more