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Defining debt consolidation

Updated

Students work collaboratively to match questions with their answers to better understand key concepts and important rules to live by related to debt consolidation and borrowing.

Big idea

Debt consolidation is one way to address debt you have incurred, but it doesn’t erase your debts.

Essential questions

  • What does it mean to consolidate debt?

  • Can debt consolidation lead to positive or negative money management habits?

Objectives

  • Explain debt consolidation

  • Understand the benefits and risks of getting a debt consolidation loan

What students will do

  • Work cooperatively to match questions and answers about debt consolidation.

  • Review the questions and answers with classmates.

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Teacher guide

Defining debt consolidation (guide)