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RULES. Divide room into teams. Elect one speaker per team. One team/one selection per turn. 15 seconds for an answer. Only team leader may speak for team. No penalty for wrong answer. No follow-on right for correct answer. Teacher keeps score. Judges’ decisions are final. TIME’S UP!.
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RULES • Divide room into teams. Elect one speaker per team. • One team/one selection per turn. • 15 seconds for an answer. Only team leader may speak for team. • No penalty for wrong answer. No follow-on right for correct answer. • Teacher keeps score. • Judges’ decisions are final.
TIME’S UP! YOU BET YOUR ASSETS ALPHABET SOUP NAME CALLING CREDIT TERMS POTPOURRI 200 200 200 200 200 200 400 400 400 400 400 400 600 600 600 600 600 600 800 800 800 800 800 800 1000 1000 1000 1000 1000 1000 On to Final Jeopacardy!
A Production of CARE PROGRAM Graphic Design by Bonnie McDuffie
THE FINAL JEOPACARDY • TOPIC IS • “WEB SITES” • Before we go to the next slide and the final Jeopacardy answer, each team must announce how much it is wagering.
THE FINAL JEOPACARDY ANSWER IS: • A WEBSITE YOU CAN VISIT TO GET INFORMATION ABOUT SCHOLARSHIP PROGRAMS
EITHER: • FASTWEB.COM; OR • COLLEGEANSWER.COM; OR • COLLEGEBOARD.COM Click Here Game Over
TYPE OF BANKRUPTCY IN WHICH A TRUSTEE SELLS ALL YOUR ASSETS TO PAY CREDITORS
TYPE OF BANKRUPTCY IN WHICH YOU WRITE A PLAN IN WHICH YOU HAVE 3-5 YEARS TO PAY OFF YOUR CREDITORS
IN THE BANKRUPTCY WORLD, STUDENT LOANS, LUXURY CONSUMER DEBTS OVER $500, AND DEBTS INCURRED AS A RESULT OF FRAUD HAVE THIS IN COMMON
THE AMOUNT OF THE ILLINOIS HOMESTEAD EXEMPTION (I.E., THE AMOUNT OF YOUR HOME’S VALUE THAT A BANKRUPTCY TRUSTEE CANNOT SEIZE)
THESE INITIALS REFER TO THE FEDERAL FORM YOU MUST FILL OUT TO GET FEDERAL LOANS OR GRANTS
WHAT IS “FAFSA” (FREE APPLICATION FOR FEDERAL STUDENT AID)? Optional Trivia
EVERYONE PLAYS. 200 POINTS FOR FIRST CORRECT ANSWER • WHAT IS THE FIRST DAY FOR SUBMITTING THE FAFSA APPLICATION FOR COLLEGE STARTING FALL 2012 • JANUARY 1, 2012
THE WEB SITE WHERE YOU CAN GET A FREE COPY OF YOUR ANNUAL CREDIT REPORT
THIS IS A WEBSITE WHERE YOU CAN COMPARE CARD TERMS AND SHOP FOR THE CARD BEST SUITED TO YOU
WHAT IS CARDHUB.COM OR CARDTRAK.COM OR LOWCARDS.COM OR CARDRATINGS.COM? Optional Extra Points
All teams can play. Every team answers. 1st team with right answer wins. Winner gets 200 points. Today’s presentation did not cover this question. • What are the initials of the federal consumer agency set up in 2010 to police credit cards, student loans and other financial products? • CFPB (stands for Consumer Financial Protection Bureau)
THE INITIALS FOR THE FEDERAL EDUCATIONAL LOAN PROGRAM FOR MAKING LOANS TO MOM AND DAD
“FICO” STANDS FOR THE NAME OF THIS COMPANY WHICH DEVELOPED THE ALGORITHM USED IN COMPUTING THE CREDIT SCORE
WHAT IS FAIR ISAACS CORPORATION? Optional Extra Points
ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1ST TEAM WITH CORRECT ANSWER WINS. WINNER GETS 200 POINTS. THIS QUESTION WAS NOT COVERED IN TODAY’S PRESENTATION. • WHAT IS THE RANGE OF FICO SCORES? • 300 to 850
THE NAME FOR PRIVATE LOAN INTEREST RATES THAT GO UP AND DOWN DURING THE LIFE OF THE LOAN
THE INDUSTRY NAME FOR CREDIT CARD USERS WHO CONSISTENTLY CARRY SOME PORTION OF THEIR MONTHLY BILL INTO THE NEXT MONTHLY CYCLE
THE NAME OF ONE OF THE THREE TYPES OF FEDERAL LOANS THAT ARE MADE TO STUDENTS
WHAT ARE STAFFORD SUBSIDIZED LOANS OR STAFFORD UNSUBSIDIZED LOANS OR PERKINS LOANS?
YOUR PARENTS MUST HAVE STERLING CREDIT FOR THE FEDERAL LOAN WITH THIS NAME
LENGTH OF TIME YOUR FEDERAL LOAN CAN BE LATE BEFORE GOVERNMENT DECLARES A DEFAULT
TYPICAL NUMBER OF YEARS CHAPTER 13 DEBTOR HAS TO DEVOTE ALL HIS/HER INCOME TO PAYING CREDIT UNDER A PLAN
LENGTH OF TIME YOU HAVE TO DO PUBLIC INTEREST WORK IF YOU WANT FEDERAL STUDENT LOANS FORGIVEN
LENGTH OF TIME YOU HAVE A RIGHT TO DEFER OR GET FORBEARANCE ON FEDERAL LOANS BECAUSE OF UNEMPLOYMENT OR ECONOMIC HARDSHIP
ACCORDING TO SOME COMMENTATORS, YOUR TOTAL STUDENT LOAN DEBT SHOULD NOT EXCEED THE SALARY YOU EARN FOR THIS PERIOD OF TIME AFTER YOUR GRADUATE FROM COLLEGE