Skip to main content

Qualifying for loans


Students apply their understanding of secured or unsecured loans as they write a description of an individual who may or may not qualify for each type of credit. Students may benefit from doing this activity after they’ve completed a few other activities focused on credit and loans.

Big idea

Borrowers may qualify for different types of loans based on their creditworthiness.

Essential questions

  • How might a person’s credit habits and decisions influence their ability to borrow money?

  • What are some facts about credit scores that could influence lenders when a person wants to borrow money?


  • Understand the characteristics of secured and unsecured loans

  • Identify credit habits and choices that could help or hurt a person's creditworthiness

What students will do

  • Review the characteristics of secured and unsecured loans.

  • Write a description of individuals who qualify or do not qualify for a secured and an unsecured loan based on their creditworthiness.

Download activity

Teacher guide

Qualifying for loans (guide)

Student materials

Qualifying for loans (worksheet)

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

Explore related resources