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Cosigning loans and sharing credit

Updated

Students research credit and analyze scenarios on sharing credit cards and cosigning loans.

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.

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Teacher guide

Cosigning loans and sharing credit (guide)

Student materials

Cosigning loans and sharing credit (worksheet)

All about credit scores (handout)

Credit scores: An infographic (handout)

Note: Please remember to consider your students’ accommodations and special needs to ensure that all students are able to participate in a meaningful way.

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