Entrance Ticket Do you think college is a good investment? When is it not?

Agenda 1) Go Over Credit HW 2) Is College Worth It? 3) Meal Plan Math 4) Exit Ticket

Credit Score Web Quest (1) How much does each company charge to get your report and score? Equifax = Transunion = Experian = Now google “What’s in my FICO Score” and for each factor, examine “How is credit score calculated from ____?” – Factor 1 (Payment History) Notes – Factor 2 (Amounts Owed) Notes – Factor 3 (Length of Credit History) Notes – Factor 4 (Types of Credit in Use) Notes – Factor 5 (New Credit) Notes

Credit Score Web Quest (2) Examine a sample credit report by googling “FICO Score Summary Sample” – What is the person’s credit score? Is it a good score or a bad score? How do you know? – Which elements of the person’s credit history are helping his credit? Which are hurting his credit? – What mortgage APR does he qualify for? – What is his risk to potential lenders? – How much credit has he borrowed for revolving credit? Installment credit?

COLLEGE COSTS

Key Vocabulary Tuition*** = the annual cost of a college education Room and Board*** = the annual cost of housing and food on campus Meal Plan = Pre-paid amount of meals / meal points available for student consumption ***Does not include books, health insurance, etc.

Public Schools vs Private Schools Funded by public money from the state Usually has a cheaper sticker price but gives less aid Usually less selective admissions Funded by private money from donations Usually has a more expensive sticker price, but gives more aid Usually more selective admissions

Ex. URI Costs

POST-COLLEGE COSTS

Student Debt in Rhode Island From the Providence Journal:

More from the Report National Average: $28, 400

FINANCIAL BENEFITS OF GOING TO COLLEGE

Financial Returns Pt. 1 On average, college graduates earn $17,500 per year more than those who do not attend college

Financial Returns Pt. 2

MEAL PLAN ECONOMICS

Meal Plan Math Examine the information about meal plans offered at Brown University and then decide which two are the best deals Discuss the costs and benefits of the plans with the person next to you Then read the article from the Brown student newspaper Take directed notes

Exit Ticket What are the costs and benefits of college attendance?

HW (Due 12/15) Research Tuition/Room & Board for: -Brown University -Providence College -Rhode Island College -Bryant University -Salve Regina University -Roger Williams University Which school do you think is the best deal? Why? (3-4 sentences minimum)