Role-playing borrowing and lending
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.
Borrowers with a strong credit history often qualify for lower interest rates.
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?
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.