Great opportunity to hone your students’ analytical skills by asking them for takeaways from this chart. Here are a few: Continue reading
This chart released quarterly by the Federal Reserve presents several learning opportunities:
Lesson 1: Mortgage debt far exceeds all other consumer debts with a total of $8.12 trillion as of the end of Q2 2015. The next closest, student loan debt, stood at $1.19 trillion or almost 1/8 the amount of mortgage debt. Continue reading
Hat tip to Rob Carrick of Globe and Mail for pointing out a CNN story titled “I’m 57 and owe $152,000 in student loans,” which he described as “student loan hell.”
I thought this story which traces the travails of a Rosemary Anderson would be a way to engage students both to the dangers of student loans but also how compound interest can work against you if you are a borrower not making payments on a loan. It also will provide students the chance to hone their analytical skills (and wonder why some of these numbers don’t seem to add up!).
So, how might I think about structuring this activity? Continue reading