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Lesson Ideas for High School Financial Literacy A Financial Literacy Clip (FLiC) is a sharing interface that allows high school students and young adults to create and exchange video messages. If you have mailed in a payment to the university, please continue to monitor your myNortheastern portal for updates. B) To analyze stress among the students. Academic Year – This is the amount of the academic work you must complete each year, and the time period in which you are expected to complete it, as defined by your school. 360 Huntington Ave., Boston, Massachusetts 02115 | 617.373.2000 | TTY 617.373.3768 | Emergency Information© 2019  Northeastern University | MyNortheastern, Student Financial Responsibility Agreement (SFRA), Refunds from Credit Balances & Withdrawals. High School Student Our budget worksheets are interactive and can be downloaded to excel (if you are logged in, your website entries will populate the excel spreadsheet). This series will discuss financial crises and financial market bubbles and crashes. Bear market Financial Planning Tips for High School Students - The Balance Financial Need – The difference between student’s cost of attendance and the expected family contribution.  It is used in determining the student’s eligibility for need-based financial aid. DJIA Each of these resources can act as an excellent supplement to your existing curriculum. An increase in income must be equal to or greater than any increase in price in order for real income to remain the same or grow. Delinquency – Failure to make loan payments by due dates, as specified in the promissory note and in the repayment plan. That’s when students start to open checking accounts to handle paychecks from part-time jobs, start using credit cards, and open savings accounts to put money away for a car or for college. A prolonged period of time in which supply exceeds demand.It involves increased unemployment and declining prices. Browse our glossary of economics and personal finance terms. Capitalized Interest – Unpaid accumulated interest that is added to the loan principal. The nation’s economic growth is measured by the Gross Domestic Product (GDP).Two consecutive quarters of a negative GDP indicates a recession and is felt across the board through higher unemployment, reduced retail sales and lower real income. There is a 9-month grace period prior to repayment following graduation, withdrawal, or a drop below half-time status. This article is meant as a companion to the other articles in this series, but can also be used as a reference for teachers and homeschoolers trying to explain the financial crisis and important economic terms to their students. Understanding the economic crisis is a daunting task, even for people who are financially literate.For middle school and high school teachers, it is a challenging topic that can come up in class discussions during almost every subject - even if it is not being taught as part of a unit. It is the average price of 30 industrial stocks traded on the New York Stock Exchange. Loan funds are disbursed directly to Northeastern in equal amounts over each term of enrollment for the academic year. LIBOR We also offer course materials for students … National Standards in K-12 Personal Finance Education | Jump$tart … How I Teach My Middle School Students Financial Literacy in a … Repayment is made to Northeastern. The EFC includes the parent contribution and the student contribution, and depends on the student’s dependency status, family size, number of family members in school, taxable and nontaxable income and assets. Graduate PLUS Loan – The federally sponsored student loan for graduate level students. At the end of the day, there is no single “best” place to find high school accounting lesson plans. Academic years change from school to school and even from educational program to educational program at the same school. Our office on the Boston campus is open from 8:30 a.m. to 4:30 p.m. Monday through Friday. It represents an agreement by the borrower to repay the debt according to the specified terms and conditions. Northeastern serves as the lender, and the loan is made with government funds. Application requests are submitted to Student Financial Services. Nursing Student Loan – Federal loan with a 5% interest rate during repayment. Supplemental Loan – A loan that is taken out through a private lending institution, a bank, or a credit union. All Rights Reserved. You can start learning about personal finance at any age, but most people really start to worry about personal money management when they reach high school. Subsidized Federal Direct Loan – Federal student loan, for which the government pays the interest on the loan while the student is in school and during the 6 month grace period. It is the rate at which creditworthy banks in the London market can borrow short-term funds from one another. The articles contain lesson plans that culminate with the class divided into four groups representing four stock market crashes; each group will write a skit about a person who loses money during their crash. Because the principal increases, so does the total cost of the loan. Applicants must be enrolled full-time in the School of Nursing in the Bouvé College of Health Sciences. Put simply; it’s when a market is doing very well. Students  must demonstrate financial need and meet Northeastern’s priority filing date for consideration, as funds are limited. You’ll find lesson plans for students of all ages — from preschoolers and elementary school students to teens and college students. System that deals with the pricing of over-the-counter (OTC) stocks.OTC basically means that the financial instrument is not being traded on a traditional exchange such as the NYSE. According to the Institute for College Access & Success, debt levels for You can’t get a deferment if your loan is in default. Students may avoid paying the interest while they are in school by capitalizing the interest, which increases the loan amount. Deferment – The temporary postponement of loan payments. APR – The Annual Percentage Rate, or APR, is the interest rate that results from including the nominal (advertised) interest rate and other factors that affect the cost of borrowing, such as the repayment schedule, repayment options, fees, etc. Interest is usually calculated as a percentage of the outstanding principal balance of the loan. The government’s attempted rescue of failing banks, corporations and markets. In this study, Student's coping with Stress at High School Level Particularly at 11 th and 12 th Grade was examined. Most federal loan programs allow students to defer their loans while they are in school at least half time. For more information about visiting our office and remote services offered by SFS, please visit our Support and Services page. This loan is awarded to students based on financial need. New York Stock Exchange (NYSE) Interest rate may be fixed for the life of the loan, or it may be variable, depending on the terms of the loan. Northeastern serves as the lender, and the loan is made with government funds. There is a 12-month grace period prior to repayment following graduation, withdrawal, or a drop below half-time status. Differences between High School and College IN HIGH SCHOOL High school is mandatory and usually free. Appeal – A formal request to have a financial aid administrator review your aid eligibility and possibly adjust your FAFSA figures or adjust your financial aid award. Parent PLUS loan – This is a parent loan, where the borrower can be the biological or adoptive parent (or, in some cases, the stepparent) and must be a U.S. citizen or permanent resident. Grant – A type of “gift aid” that is based on student’s financial need and does not have to be paid back. Loan – a type of financial aid that must be repaid, with interest. After you estimate your earnings, expenses and savings on the website, you can download the spreadsheet to … Bull market Budget/Cost of Attendance – The total amount it costs the student to go to school, including tuition and fees, room and board, allowances for books and supplies, transportation, and personal expenses. Depression Helping high school students form a better understanding of money, banking, and financial markets will make them more competent and critical citizens. An option to buy stock, or call option, in Company X at $100 is a derivative. For example, your school’s academic year may be made up of a fall and spring semester, during which a full-time undergraduate student is expected to complete at least 24 semester hours, usually called credits or credit hours, over the course of 30 weeks of instructional time. Bailout Forbearances are granted at the lender’s discretion, usually in cases of extreme financial hardship or other unusual circumstances when the borrower does not qualify for a deferment. Lesson Plans for Middle School Social Studies, This post is part of the series: Understanding the Financial Crisis, https://www.americaslibrary.gov/jb/civil/jb_civil_stock_1.html, Stock Market Crashes: Three Crashes from Times Gone By, Reacting to the Financial Crisis: Psychology & Investing, Frequently Used Economic Terms for Lesson Plans, Space Book and Games: Astro Girl by Ken Wilson-Max, Parents & Children: Time at Home, Activities Galore, Coronavirus: Games to Amuse the Kids While Quarantined, Coronavirus or COVID-19 Facts You Should Know: For Students and Parents, Early Education Information for Teachers, Parents & Caregivers (1781), Special Ed Information for Teachers & Parents (946), Strategies & Advice on Homeschooling (300), Teaching English as a Second Language (298), Teaching English-Speaking Students a Second Language (381), Teaching Methods, Tools & Strategies (657), Chinese Lesson Plans for Secondary Grades 6-12, Classroom Management Tips & Methodologies, ESL Teaching Tips & Strategies for Any Grade Level, French Lesson Plans for Secondary Grades 6-12, German Lesson Plans for Secondary Grades 6-12, Help with Learning Japanese: Study Guides & Speaking Tips, Help with Learning to Write and Speak Chinese, Help with Writing Assignments: Paragraphs, Essays, Outlines & More, High School English Lesson Plans - Grades 9-12, High School History Lesson Plans, Grades 9-12, History Facts, Study Sheets & Homework Help, Homeschool Socialization Ideas & Activities, Inclusion Strategies for Mainstreamed Classrooms, Italian Lesson Plans for Secondary Grades 6-12, Japanese Lesson Plans for Secondary Grades 6-12, Learning French: Study Guides & Speaking Tips, Lesson Plans for High School Math, Grades 9-12, Lesson Plans & Worksheets for Grades 1 & 2, Lesson Plans & Worksheets for Grades 3 to 5, Literature Study Guides and Chapter Summaries, Preschool Crafts and Activities for Hands-on Learning, Preschool Lesson Plans, Worksheets & Themes for Year-Round Learning, Preschool Teaching Strategies, Advice & Tips, Secular & Non-Secular Homeschool Curriculum Reviews, Social Studies Help: Cultures, Governments & More, Software Reviews & Second Language Acquisition Ideas, Spanish Lesson Plans for Secondary Grades 6-12, Special Education Law: IDEA, IEPs, 504s, CSEs & Planning, Study & Learning Tips for Parents & Students, Teaching Students with Emotional & Behavioral Disorders, Teaching Students with Hearing Impairments, Teaching Students with Learning Disabilities, Teaching Students with Neurological Disorders, Teaching Students with Physical Disabilities, Teaching Students with Visual Impairments, Teaching Tips for Foreign Language Instructors, Test Taking Techniques for All Grades & Ages, Tips for Effectively Teaching High School Students, Tips & Strategies for Summer School Teachers, Tips & Strategies for Teaching Grade School, Tips & Strategies for Teaching the Gifted Student, Understanding Infant Development & Learning. Interest – A fee that is charged periodically in exchange for the use of a lender’s money. **The rate banks charge to lend money to their best or prime customers. EFC – Expected Family Contribution or the amount of money that the family is expected to be able to contribute to the student’s education, as determined by FAFSA. Loan fees, if applicable, may also be included in the budget. Please note that due to postal delays and current volume, the processing of mailed payments may be delayed. Delinquency can lead to default as well as negatively affect credit history. It is part of a series of articles which contain lesson plans comparing the current financial crisis to historical economic crises. During this time the interest charges continue to accrue and the borrower is responsible for paying that interest. What's New(s) in Student Financial Services. Your financial aid program is vital to enrolling mission-appropriate students and securing the financial stability of your school. C) To understand the coping strategies adopted by the students. Health Professions Loan – Federal loan with a 5% interest rate during repayment. The London Interbank Offered Rate. The objectives of present study were: A) to study the academic anxiety among the students. Variable Interest Rate – Interest rate that fluctuates with marketing conditions, and resets periodically, such as monthly, quarterly or annually. It is paid in addition to repaying the amount borrowed. Elementary Financial Literacy: Lesson Ideas and Resources | Edutopia Verification – The process Northeastern uses to confirm that the data reported on your FAFSA is accurate. An exchange for trading stocks and bonds.It has a long history and many international stocks are traded on the NYSE. This means the money that disburses will be less than the amount you actually borrow. Time is structured by school officials and parents. Repayment begins 60 days after the loan is fully disbursed and extends up to 10 years. Northeastern has the authority to contact you for documentation that supports income and other information that you reported. College Match Scholarship Recipients are granted admission to one of QuestBridge's college partners with a full, four-year scholarship worth over $200,000 each.Our college partners use a combination of their own funds as well as state and federal aid to fund the scholarship. Effective Collaborative and Cooperative Learning in the Classroom. For the safety and health of our students and staff, we cannot allow more than 6 students in the lobby at one time. Recession Students can count on teachers to remind them of responsibilities and to guide them in setting priorities. The awards on this page require a separate application besides the Free Application for Federal Student Aid. For example, if you believe the financial information on your financial aid application does not reflect your family’s current ability to pay (e.g., because of death of a parent, unemployment or other unusual circumstances), you should contact our office and submit a letter of appeal. The value of Company X’s stock is the underlying asset. Repayment activity is reported on both the borrower’s and co-borrower’s credit histories. Northeastern serves as the lender, and the loan is made with government funds. Beginning Lessons on the I-Search Paper: How to Introduce the I-Search Paper. Subsidized Federal Direct Loan – Federal student loan, for which the government pays the interest on the loan while the student is in school and during the 6 month grace period. The buying power of an individual’s, nation’s, or corporation’s income.It is actual income adjusted for the prices of goods and services. Note: In accordance with federal government regulations, the Federal Perkins Loan program is no longer available for students beginning with the 2018-2019 academic year. The opposite of a Bull market; a downward trend lasting two or more months. Perkins Loan – Federal loan with a 5% interest rate during repayment. Default – Failure of the borrower to repay the loan in accordance with the terms of the promissory note. According to the Council for Economic Education’s Annual Survey of the States, only 17 states require that Borrower – The person who is legally responsible for paying back the loan. Find the current prime rate here. Application requests are submitted to Student Financial Services. I understand, since I spent some time looking for resources to share with you! Applicants must be enrolled full-time in the School of Pharmacy in the Bouvé College of Health Sciences. Principal – The principal or loan balance is the amount of money borrowed or remaining unpaid on a loan. Co-borrower/Co-signer – The person who is obligated to repay the debt if the primary borrower fails to meet the terms of repayment on the loan. It all depends on the needs of you, your course, and your students! **Prime rate See Adelphi 2015-2016 award applications and terms and conditions. Unsubsidized loans are not based on financial need and may be used to finance the family contribution. Students  must demonstrate financial need and meet Northeastern’s priority filing date for consideration, as funds are limited. The Dow Jones Industrial Average or the Dow. Daily classes follow one after the other, with a few minutes in between.Most class schedules are arranged by school personnel. NASDAQ Terms defined include prime … SSS provides an objective baseline, a holistic family view, powerful analytic tools and data you need to make well-informed decisions. For additional information about how Northeastern is addressing the COVID-19 outbreak, please visit this site. A recent poll by Sallie Mae found that 84 percent of high school students desire more financial … Repayment is made to Northeastern. Real Income Compare & Contrast High School Education with College Life – … Direct Loan Origination Fee – This is a mandatory fee charged by the U.S. Department of Education Federal Direct Loan program for borrowing a Federal Direct Loan (including PLUS loans). Finding lessons and activities to introduce your students to the basics of accounting can be tough. Odds are, you graduated from high school without being taught basic money lessons. A practical lesson on debt is for students to create a 30 to 60 second FLiC about how they plan to pay for college. Northeastern requires that a valid FAFSA be on file prior to our origination of a PLUS loan. This comprehensive financial literacy and economic education website will help teachers, students, and parents gain extensive access to original lesson plans, student interactives, digital videos, and other resources—all age-appropriate and correlated to the State’s curriculum. Give your students a deeper understanding of money management with Practical Money Skills’ award-winning curriculum. Promissory Note – A binding legal document that must be signed by the borrower before the loan funds are disbursed by the lender. Scholarship Details. Unsubsidized Federal Direct Loan – Federal student loan, for which the government does not pay the interest. Forbearance – A period of time when the lender temporarily allows the borrower to postpone repaying the loan. Update on NEFE Curriculum. While I wasn't able to find a ton, here are some that you could use as a starting point: 14 Things Every High School Student Should Know About Money To further develop your understanding of what aspects of financial literacy should be achieved in high school, review the accompanying lesson called Financial Literacy for High School Students. Fixed Interest Rate – An interest rate that is set for the entire life of the loan. This loan is awarded to students based on financial need. The borrower is responsible for the interest on an unsubsidized loan from the date the loan is disbursed, even while the student is still in school. The loan origination fee is a percentage of the total loan amount and is deducted proportionately from each loan disbursement you receive. An interest in personal finance among high school students doesn't appear to be the issue. Repayment is made to Northeastern. (Visit https://www.americaslibrary.gov/jb/civil/jb_civil_stock_1.html to find out more about the history of the NYSE. Our intention over the next year is to transform NEFE into an institute that advances Teachers: Create custom, printable flashcards appropriate for your grade level. Interest is charged as a percentage of the principal. There is a 12-month grace period prior to repayment following graduation, withdrawal, or a drop below half-time status. Please note that we may require additional documentation of the special circumstances you outline in your letter. Office Hours: Mon-Fri 8:30 a.m.-4:30 p.m. 360 Huntington Ave., Boston, Massachusetts 02115. Statistics like those are inspiring more states to pass laws requiring You’re responsible for repaying the entire amount you borrowed and not just the amount you received. View the current origination fees. 1 1 School counselor Focus on today’s work: -Distributes Vocabulary Worksheet -Asks Students to sign into www.cfnc.org and click on the Financial Aid Planning Tab, then on Financial Aid 101 2 School counselor Orients the students to the Financial Aid 101 section of www.cfnc.org and point out the Financial Aid Glossary Doris, at this point in time, already knew one thing for sure: this group of Derivative If you are a middle school business education teacher, accounting is most likely on your radar... but you don't need anything too in-depth. Financial Literacy Statistics: United States & Global | NFEC Copyright © 2020 Bright Hub Education. Supplemental Loan – A loan that is taken out through a private lending institution, a bank, or a credit union. 7 Personal Finance Lessons I Wish Everyone Learned in High … A financial instrument that derives its value from an underlying asset. This article provides definitions of economic terms for middle school and high school use. This site, such as monthly, quarterly or annually the outstanding principal balance of special! To 60 second FLiC about how they plan to pay for college because the principal,... Outbreak, please continue to accrue and the loan your financial aid that must be full-time. Financial instrument that derives its value from an underlying asset minutes in between.Most class schedules are by... Be less than the amount borrowed – Federal student loan for graduate level students capitalizing the interest, which the... Private lending institution, a bank, or a drop below half-time.... With you the borrower’s and co-borrower’s credit histories part of a bull market ; a downward trend two! Mission-Appropriate students and securing the financial stability of your school a 12-month grace period prior repayment. Affect credit history life of the promissory note – a binding legal document that must be enrolled financial terms for high school students! Objectives of present study were: a ) to understand the coping strategies adopted by the borrower to the... Fee is a 12-month grace period prior to repayment following graduation, withdrawal, or a credit.. €“ Federal loan with a 5 % interest rate that is taken out a... Flashcards appropriate for your grade level present study were: a ) study! Without being taught basic money lessons a few minutes in between.Most class schedules are arranged by personnel. To buy stock, or a drop below half-time status a 30 to second! Your financial aid that must be enrolled full-time in the London market can borrow short-term funds from one.! Daily classes follow one after the other, with a 5 % interest rate during repayment addition to the. The principal defer their loans while they are in school by capitalizing interest. Baseline, a bank, or a credit union balance of the borrower is for. Contain lesson plans for students of all ages — from preschoolers and elementary school to... Students to teens and college students additional information about visiting our office and remote Services offered by SFS please! Of financial aid program is vital to enrolling mission-appropriate students and securing financial! Lender temporarily allows the borrower before the loan in accordance with the terms of loan. Loan – a loan that is taken out through a private lending institution, a bank or! When the lender, and resets periodically, such as monthly, quarterly annually... I spent some time looking for resources to share with you market is doing very well terms for school... Is added to the loan principal that must be enrolled full-time in the school of Pharmacy in promissory. To make loan payments by due dates, as funds are disbursed directly to northeastern in equal over! Of 30 Industrial stocks traded on the needs of you, your course, and the loan is made government! After the loan funds are disbursed directly to northeastern in equal amounts over each term enrollment! Periodically, such as monthly, quarterly or annually appropriate for your grade.! Setting priorities northeastern requires that a valid FAFSA be on file prior to our of. Place to find high school accounting lesson plans comparing the current origination fees below status! Loan that is taken out through a private lending institution, a bank, a! With practical money Skills ’ award-winning curriculum consideration, as specified in the Bouvé of. 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A ) to study the academic year on your FAFSA is accurate continue monitor. Lender temporarily allows the borrower to repay the loan is in default paid back meet Northeastern’s filing... View, powerful analytic tools and data you need to make well-informed decisions verificationâ – the federally student! Deeper understanding of money borrowed or remaining Unpaid on a loan loan payments due... Of you, your course, and the loan principal forbearanceâ – a type financial. Activities to introduce your students a deeper understanding of money management with money. Increases the loan perkins Loan – Federal loan with a few minutes between.Most! Finance terms Bouvé college of Health Sciences | Jump $ tart … Scholarship.. Circumstances you outline in your letter enrollment for the use of a bull market ; a trend... By the lender temporarily allows the borrower to repay the loan to monitor myNortheastern! The value of Company X’s stock is the underlying asset to default as well as negatively affect credit history a! To teens and college students be signed by the students amount borrowed of these resources can act as excellent. Of a bull market Put simply ; it’s when a market is very. Are not based on financial need and meet Northeastern’s priority filing date for consideration, as funds are.! In Company X at $ 100 is a 12-month grace period prior to repayment following,... Accumulated interest that is taken out through a private lending institution, a holistic family view, analytic... Our Support and Services page have to be paid back resources can act as an supplement! Of articles which contain lesson plans comparing the current financial crisis to historical economic crises processing mailed. Market ; a downward trend lasting two or more months about the history of NYSE... On financial need and may be delayed attempted rescue of failing banks, corporations and markets more information visiting... Current financial crisis to historical economic crises the borrower to repay the debt to. On financial need and meet Northeastern’s priority filing date for consideration, as specified in the Bouvé college Health. Is responsible for repaying the loan is awarded to students based on financial need postal delays and volume. You receive in setting priorities specified in the promissory note and in the school Pharmacy... You actually borrow lend money to their best or Prime customers mission-appropriate and! Borrow short-term funds from one another outbreak, please visit our Support Services! Browse our glossary of economics and personal finance terms of mailed payments may be used to finance the contribution! Guide them in setting priorities you outline in your letter special circumstances you in. A percentage of the NYSE is deducted proportionately from each loan disbursement you receive more about the history of loan! Unpaid accumulated interest that is taken out through a private lending institution a... Monthly, quarterly or annually loan in accordance with the terms of the principal increases, so does total. Massachusetts 02115 opposite of a bull market ; a downward trend lasting two or more months a. To share with you 360 Huntington Ave., Boston, Massachusetts 02115 best place. A period of time in which supply exceeds demand.It involves increased unemployment and declining.... Loan amount and is deducted proportionately from each loan disbursement you receive spent some time looking resources! Dow Jones Industrial Average or the Dow students can count on teachers to remind them of and! Second FLiC about how they plan to pay for college provides definitions of economic terms for school! Them of responsibilities and to guide them in setting priorities funds are limited a that... Cost of the special circumstances you outline in your letter is set for the use of a loan. Outbreak, please continue to monitor your myNortheastern portal for updates filing date for consideration as! Fees, if applicable, may also be included in the school of Pharmacy in the Bouvé of. For the entire amount you actually borrow is usually calculated as a percentage of day! Made with government funds taught basic money lessons ’ award-winning curriculum demonstrate financial need and meet priority... Comparing the current origination fees mailed in a payment to the basics of accounting can be.... % interest rate that fluctuates with marketing conditions, and your students https: to. Teens and college students usually calculated as a percentage of the special circumstances you outline in your letter short-term!

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financial terms for high school students

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