RULES 1.Divide room into teams. Elect one speaker per team. 2.One team/one selection per turn seconds for an answer. Only team leader may speak for team. 4.No penalty for wrong answer. No follow-on right for correct answer. 5.Teacher keeps score. 6.Judges’ decisions are final. 2

YOU BET YOUR ASSETS URLOL NAME CALLING TIME’S UP! CREDIT TERMS POTPOURRI On to Final Jeopacardy! 3

A Production of CARE PROGRAM Graphic Design by Bonnie McDuffie 4

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THE FINAL JEOPACARDY TOPIC IS “TIME FRAMES” Before we go to the next slide and the final Jeopacardy answer, each team must write down (don’t say it out loud) how much it is wagering. 6

THE FINAL JEOPACARDY ANSWER IS: LENGTH OF TIME THAT NEGATIVE INFORMATION CAN LEGALLY STAY ON YOUR CREDIT REPORT 7

7 YEARS (10 YEARS FOR BANKRUPTCY) 8

AMOUNT OF TOTAL US EDUCATIONAL DEBT 9

WHAT IS $1.2 TRILLION? 10

EXAMPLE OF A TYPE OF CONSUMER DEBT THAT IS EXPECTED TO TAKE MONTHS OR YEARS TO REPAY 11

WHAT ARE MORTGAGES OR CAR LOANS OR STUDENT LOANS? 12

STANDARD LENGTH OF TIME TO REPAY A FEDERAL STUDENT LOAN 13

WHAT IS 10 YEARS? 14

ITS INITIALS ARE APR 15

WHAT IS ANNUAL PERCENTAGE RATE? 16

THE TYPE OF INTEREST THAT IS CHARGED ON UNPAID PRINCIPAL AND ACCRUED INTEREST 17

WHAT IS COMPOUND INTEREST? 18

THE WEB SITE FOR COMPLETING THE FREE APPLICATION FOR FEDERAL STUDENT AID 19

WHAT IS FAFSA.GOV? Optional Trivia 20

EVERYONE PLAYS. 200 POINTS FOR FIRST CORRECT ANSWER THE FIRST DAY FOR SUBMITTING THE FAFSA APPLICATION FOR COLLEGE YEAR STARTING FALL 2016  WHAT IS JANUARY 1, 2016? WHAT IS JANUARY 1, 2016? 21

A WEB SITE ON WHICH YOU CAN SHOP AND COMPARE CREDIT CARD OFFERS 22

WHAT IS CREDITKARMA.COM OR NERDWALLET.COM OR CREDITCARDS.COM OR BANKRATE.COM OR CARDHUB.COM? 23

THE ONLY OFFICIAL WEB SITE AT WHICH YOU CAN GET COPIES OF EACH OF THREE CREDIT REPORTS ANNUALLY FOR FREE 24

WHAT IS annualcreditreport.com? Optional Extra Points 25

All teams can play. Every team answers. 1 st team with right answer wins. Winner gets 200 points. We may not have covered this item in the presentation. The initials of the federal consumer agency set up in 2010 to police credit cards, student loans and other financial products  WHAT ARE CFPB (stands for Consumer Financial Protection Bureau)? WHAT ARE CFPB (stands for Consumer Financial Protection Bureau)? 26

THIS GOVERNMENT AGENCY MAINTAINS A WEB SITE AT WHICH YOU CAN FIND AVERAGE STARTING SALARIES FOR LOTS OF OCCUPATIONS 27

WHAT IS THE BUREAU OF LABOR STATISTICS? 28

A WEB SITE FOR SHOPPING FOR SCHOLARSHIPS 29

WHAT IS FASTWEB.COM OR COLLEGEBOARD.COM OR GOCOLLEGE.COM OR SCHOLARSHIPHELP.ORG OR COLLEGEANSWER.COM OR STUDENTSCHOLARSHIPSEARCH.COM OR FINAID.ORG OR CAREERINFONET.ORG OR COLLEGEGREENLIGHT.COM? Optional Extra Points 30

ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1 ST TEAM WITH CORRECT ANSWER WINS. WINNER GETS 200 POINTS. THIS QUESTION WAS NOT COVERED IN TODAY’S PRESENTATION. THE CAP ON THE AMOUNT OF SCHOLARSHIP MONEY A STUDENT IS ALLOWED TO GET  WHAT IS NONE? WHAT IS NONE? 31

THE NAME FOR THE PRIMARY FEDERAL GRANT PROGRAM 32

WHAT IS THE PELL GRANT? 33

THE NAME FOR PRIVATE LOAN INTEREST RATES THAT GO UP AND DOWN DURING THE LIFE OF THE LOAN 34

WHAT IS THE “FLOATING RATE"? 35

THE 5 “C”s OF CREDIT 36

WHAT ARE CHARACTER, CAPACITY, COLLATERAL, CAPITAL AND CONDITIONS? 37 Optional All Play

THE NAME OF THE TYPE OF CARD THAT WORKS JUST LIKE A CHECK, TAKING MONEY DIRECTLY FROM YOUR BANK ACCOUNT 38

WHAT IS A DEBIT CARD? 39

THE FEDERAL LOAN PROGRAM THAT EXPIRES IN

WHAT ARE PERKINS LOANS? 41

LENGTH OF TIME YOUR FEDERAL STUDENT LOAN CAN BE LATE BEFORE GOVERNMENT DECLARES A DEFAULT 42

WHAT IS 270 DAYS? 43

IF YOUR CARD STATEMENT ON JUNE 1 SAYS YOU OWE $2460, YOUR APR IS 20% AND YOUR MINIMUM PAYMENT IS $45, THIS IS THE AMOUNT YOU MUST PAY BY THE DUE DATE OF JUNE 21 TO AVOID PILING UP INTEREST ON YOUR CHARGES 44

WHAT IS $2460? 45

LENGTH OF TIME YOU HAVE TO DO PUBLIC INTEREST WORK IF YOU WANT FEDERAL STUDENT LOANS FORGIVEN 46

WHAT IS 10 YEARS? 47

WITHIN $1,000, THE ESTIMATED AVERAGE YEARLY COST OF TUITION, ROOM AND BOARD AT A PUBLIC COLLEGE IN

WHAT IS $19,548? 49

ACCORDING TO SOME COMMENTATORS, YOUR TOTAL STUDENT LOAN DEBT SHOULD NEVER EXCEED THE SALARY YOU EARN FOR THIS PERIOD OF TIME AFTER YOUR GRADUATE FROM COLLEGE 50

WHAT IS 1 YEAR? 51

A TYPE OF FEE THAT CREDIT CARDS CHARGE 52

WHAT IS ANNUAL FEE OR LATE FEE OR OVER-THE-LIMIT FEE OR BALANCE TRANSFER FEE OR CASH ADVANCE FEE? 53

THE NUMBER OF PAYMENTS YOU CAN SAFELY MISS ON YOUR CREDIT CARD WITHOUT HURTING YOUR CREDIT SCORE 54

WHAT IS NONE? 55

3 EXAMPLES OF SHORT TERM CREDIT 56

WHAT ARE CHARGE CARDS, CELL PHONE BILLS, CABLE/SATELLITE BILLS AND UTILITY BILLS? 57

DAILY DOUBLE 58

THE AVERAGE FEE YOU HAVE TO PAY TO GET A PRIVATE STUDENT LOAN 59

WHAT IS $900? 60

THE PERCENTAGE OF YOUR TAKE- HOME PAY BY WHICH YOU CAN CAP REPAYMENTS ON MOST FEDERAL STUDENT LOANS 61

WHAT IS 10%? Optional Trivia 62

The percentage of student loan debt that debtors have been able to get discharged in bankruptcy (within 5%) 63

WHAT IS 1%? 64

THE THREE MAJOR CREDIT REPORTING BUREAUS 65

WHAT ARE EXPERIAN, EQUIFAX, AND TRANSUNION? 66

AT LEAST THREE OF THE FACTORS USED IN CALCULATING YOUR CREDIT SCORE 67

WHAT ARE (1) PAYMENT HISTORY, (2) AMOUNTS OWED RELATIVE TO CREDIT EXTENDED BY LENDERS, (3) LONG CREDIT HISTORY, (4) NUMBER OF NEW ACCOUNTS AND CREDIT INQUIRIES AND (5) TYPES OF CREDIT? 68

69 3 EXAMPLES OF TYPES OF PEOPLE WHO REVIEW YOUR CREDIT REPORT

WHAT ARE CAR LENDERS CREDIT CARD ISSUERS MORTGAGE LENDERS APARTMENT OWNERS (FOR RENTERS) POTENTIAL EMPLOYERS? 70

ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1 ST TEAM WITH CORRECT ANSWER WINS. WINNER GETS 200 POINTS. WHAT IS A GREAT WEB SITE TO VISIT FOR INFORMATION ABOUT STUDENT AID (NOT JUST SCHOLARSHIPS)? 

THE ONE FEDERAL LOAN PROGRAM FOR LOANS TO STUDENTS THAT IS NOT NEED-BASED 72

WHAT ARE STAFFORD UNSUBSIDIZED LOANS? 73

THE TERM FOR AN PURPORTING TO COME FROM A TRUSTED SOURCE AND ASKING THE ADDRESSEE TO THE ER FOR CONFIDENTIAL INFORMATION 74

WHAT IS PHISHINGWHAT IS PHISHING? 75