Pay Check Advance Loans Lesson Plan Information | Lesson Plan Activities | Printable version (including handouts) (PDF)

Standard Use Math to Solve Problems and Communicate Outcomes Learners will use their knowledge of interest to compare data from various pay check advance companies and evaluate the positives and negatives of pay check advance loans.

Classroom Information

GED Descriptors      Social Studies , Math Roles      Family, Worker Program Type(s)      ABE, GED, Urban, Rural NRS Learner Levels (ABE/GED)       3, 4, 5, 6 Time Frame      1.5 hours

Keywords

select any link below for a list of resources which also have that keyword Geography > economics Math Math > money

Purposeful, Transparent, Contextual, Building Expertise

Purposeful and Transparent Students often have limited financial resources. With low paying jobs, when an emergency happens like a car breaking down or needing medical care, they often do not have financial resources to pay for these emergencies. pay check advance companies can be an emergency stop gap, but often end entangling the individual into a web of debt. Contextual These pay check advance companies are available in most towns and online. They are very accessible for anyone in the community. Many of our learners are living on a financial tightrope, and these companies look like an easy solution to their problems. Building Expertise Learners should look at their own banks and previous loan experiences. Using their knowledge of interest, they should be more informed consumers in the future.

Lesson Designer Gail Morgan Tolles Technical Center (614) 8779638 gailgmorgan@hotmail.com

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