Created By: Texas GEAR UP
Grade Level: 9th/10th
Introduction for Educators: Your students are going to make money. But what will happen with that money when they earn it?
Financial literacy is key for your students’ preparation for paying for college. By helping them comprehend the institutions that affect their finances, you’re helping them pay for college.
Introduction for Students: Imagine that you spend all day baking ten cookies. Suddenly a man comes into your house and promises that if you give him two cookies, he’ll make sure you have streets to drive on, running water, and electricity.
This is a type of tax. Taxes are one of the institutions in our society that affect our money. Understanding how these institutions work is key to understanding what it means to pay for college.
The Activity: Websites are great, but they aren't the only way to learn about personal finance. Visit your local or school library. Ask the librarian to help you find books that’ll teach you about college and personal finance. When you discover one that’s helpful, be sure to tell your friends.
Bonus Features: People make New Year's resolutions about money all the time. See if you can find one person whose New Year's resolution is to pay back their college loans.