Borrowing

Article • 15 min of learning

Here's how Borrowing aligns with curriculum standards in Maryland. Use the filters to change the location, set of standards, and grade level.

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Standard

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Standards

Defined by State Standards for Personal Financial Literacy Education 8th Grade and align with Borrowing

4.A.1: Provide examples of good and bad debt.

4.B.1: Explain credit terminology.

4.A.2: Discuss how debt can be used to establish credit.

4.B.2: List sources of consumer credit.

4.A.3: Describe the consequences of having too much debt and not meeting credit obligations, such as late fees, loan acquisition, paying higher interest rates, and bankruptcy.

4.B.3: Explain the difference between short- and long-term loans.

4.A.4: Explain strategies used to manage credit and debt.

4.B.4: Compare and compute application of interest and compound interest.

4.B.5: Compute the amount of interest paid over time when using credit.