Chapter 5 Learning Outcomes

In this chapter, students will…
  • Understand the long-term impact of student loans.
  • Identify reasons for not taking on debt to fund your education.
  • Develop a plan to attend college without acquiring debt.
  • …Demonstrate how to apply for financial aid.
  • Identify the educational requirements, training and cost for your career of choice.
  • Analyze post-high school education and career training options.

Chapter 5 Vocabulary

  • Free Application for Federal Student Aid (FAFSA)
  • Grant
  • Scholarship
  • Work study

Academic Standards Met in Chapter 5

Financial Responsibility and Decision Making: Apply reliable information and systematic decision making to personal financial decisions.
  • HS-PF1-1: Take responsibility for personal financial decisions.
  • HS-PF1-4: Make financial decisions by systematically considering alternatives and consequences. 
Income and Careers: Use a career plan to develop personal income potential.
  • HS-PF2-1: Explore career options.
Planning and Money Management: Organize personal finances and use a budget to manage cash flow.
  • HS-PF3-1: Develop a plan for spending and saving.
Credit and Debt: Maintain creditworthiness, borrow at favorable terms, and manage debt.
  • HS-PF4-1: Identify the costs and benefits of various types of credit.
  • HS-PF4-3: Describe ways to avoid or correct debt problems.
Saving and Investing: Implement a diversified investment strategy that is compatible with personal goals.
  • HS-PF6-1: Discuss how saving contributes to financial well-being.
  • HS-PF6-2: Explain how investing builds wealth and helps meet financial goals.
  • HS-PF6-3: Evaluate investment alternatives.
  • HS-PF6-4: Describe how to buy and sell investments.
  • HS-PF6-5: Explain how taxes affect the rate of return on investments.
  • HS-PF6-6: Investigate how agencies that regulate financial markets protect investors

Files for Download

click to download
Chapter 5
< Chapter 4
Chapter 6 >