Students research credit and analyze scenarios on sharing credit cards and cosigning loans.
Borrow (Getting loans, Managing credit)
CTE (Career and technical education), Social studies or history
High school (9-10), High school (11-12)
75-90 minutes
Big idea
It’s helpful to examine the benefits and risks before cosigning loans or sharing credit.
Essential questions
- What are the benefits and risks of cosigning loans or sharing credit?
- What rules apply to both parties when cosigning loans or sharing credit?
Objectives
- Apply prior knowledge to analyze real-world scenarios
- Identify benefits and risks of cosigning loans or sharing credit
What students will do
- Apply prior knowledge as they examine real-world scenarios about cosigning loans or sharing credit.
- Determine the benefits and risks of cosigning loans or sharing credit in the scenarios.
Download activity
Teacher guide
cfpb_building_block_activities_cosigning-loans-sharing-credit_guide.pdf
Student materials
cfpb_building_block_activities_cosigning-loans-sharing-credit_worksheet.pdf
cfpb_building_block_activities_all-about-credit-scores_handout.pdf
cfpb_building_block_activities_credit-scores-infographic_handout.pdf
Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.