Students take on the role of a borrower or a lender to pose questions, apply formulas to calculate interest, and evaluate data to inform borrowing and lending decisions.
Borrow (Getting loans, Managing credit)
CTE (Career and technical education), Math, Social studies or history
High school (9-10), High school (11-12)
75-90 minutes
Big idea
Borrowers with a strong credit history often qualify for lower interest rates.
Essential questions
- What are some questions to ask a lender to better understand the risks and benefits of borrowing money?
- How does your credit history affect the interest rate you’re offered on loans?
Objectives
- Understand the key information both borrowers and lenders need to know to make informed loan decisions
- Analyze loan offers and determine the best one for a borrower
What students will do
- Assume the role of a borrower or lender in a simulation activity about the loan process.
- Calculate interest paid by the borrower or earned by the lender.
- Reflect on the experiences of the borrower or lender.
Download activity
Teacher guide
cfpb_building_block_activities_role-playing-borrowing-lending_guide.pdf
Student materials
cfpb_building_block_activities_role-playing-borrowing-lending_lender_worksheet.pdf
cfpb_building_block_activities_role-playing-borrowing-lending_borrower_worksheet.pdf
cfpb_building_block_activities_all-about-credit-scores_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.
