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Managing Debt

Managing Debt

Article • 15 min of learning
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Here's how Managing Debt aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Credit

Skills Standards

CR.S.5: Identify factors that impact an individual's credit score, and ways individuals can improve their credit.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Debt
Students will identify the primary factors that are included in credit score calculations.
Students will identify ways that a person can increase their credit score.

Knowledge Standards

CR.K.1: Understand the purpose, risks and benefits of credit.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Debt
Students will identify the risks and benefits of leveraging credit, including, using a credit card, leveraging a payment plan and taking out a loan.

CR.K.2: Assess different methods of debt management assistance.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Debt
Students will identify where to find sources of assistance with debt management.
Students will evaluate the elements of a plan for a person who is having difficulty repaying debt.
Students will evaluate the costs and benefits associated with for-profit versus non-profit credit counseling services.

CR.K.3: Identify the implications of declaring bankruptcy.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Debt
Students will describe the purpose of bankruptcy laws.
Students will explain the effects of bankruptcy on assets, employment and future access to credit.