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RULESRULES1.1. Divide room into teams. Elect one speaker per team.Divide room into teams. Elect one speaker per team.

2.2. One team/one selection per turn. One team/one selection per turn.

3.3. 15 seconds for an answer. Only team leader may speak 15 seconds for an answer. Only team leader may speak for team.for team.

4.4. No penalty for wrong answer. No follow-on right for No penalty for wrong answer. No follow-on right for correct answer.correct answer.

5.5. Teacher keeps score.Teacher keeps score.

6.6. Judges’ decisions are final.Judges’ decisions are final.

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YOU BET YOU BET YOUR YOUR

ASSETSASSETS

ALPHABET ALPHABET SOUPSOUP

NAME NAME CALLINGCALLING

TIME’S UP!TIME’S UP! CREDIT CREDIT TERMSTERMS

POTPOURRIPOTPOURRI

On to Final Jeopacardy!

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A Production ofCARE PROGRAM

Graphic Design byBonnie McDuffie

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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.

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THE FINAL JEOPACARDY ANSWER IS:

A WEBSITE YOU CAN VISIT TO GET INFORMATION ABOUT

SCHOLARSHIP PROGRAMS

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EITHER:

FASTWEB.COM; OR

COLLEGEANSWER.COM; OR

COLLEGEBOARD.COM

Click HereGame Over

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TYPE OF BANKRUPTCY IN WHICH A TRUSTEE SELLS ALL YOUR ASSETS

TO PAY CREDITORS

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WHAT IS CHAPTER 7?

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TYPE OF BANKRUPTCY IN WHICH YOU WRITE A PLAN IN WHICH YOU

HAVE 3-5 YEARS TO PAY OFF YOUR CREDITORS

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WHAT IS CHAPTER 13?

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STANDARD LENGTH OF TIME TO REPAY A FEDERAL STUDENT LOAN

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WHAT IS 10 YEARS?

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IN THE BANKRUPTCY WORLD, STUDENT LOANS, LUXURY

CONSUMER DEBTS OVER $500, AND DEBTS INCURRED AS A RESULT OF

FRAUD HAVE THIS IN COMMON

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WHAT ARE GROUNDS FOR DENYING A BANKRUPTCY DISCHARGE?

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THE AMOUNT OF THE ILLINOIS HOMESTEAD EXEMPTION (I.E., THE AMOUNT OF YOUR HOME’S VALUE

THAT A BANKRUPTCY TRUSTEE CANNOT SEIZE)

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WHAT IS $15,000 A PERSON?

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THESE INITIALS REFER TO THE FEDERAL FORM YOU MUST FILL

OUT TO GET FEDERAL LOANS OR GRANTS

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WHAT IS “FAFSA” (FREE APPLICATION FOR FEDERAL STUDENT AID)?

Optional Trivia

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• 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

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THE WEB SITE WHERE YOU CAN GET A FREE COPY OF YOUR ANNUAL

CREDIT REPORT

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WHAT IS www.annualcreditreport.com?

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THIS IS A WEBSITE WHERE YOU CAN COMPARE CARD TERMS AND SHOP

FOR THE CARD BEST SUITED TO YOU

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WHAT IS CARDHUB.COM OR CARDTRAK.COM OR LOWCARDS.COM OR CARDRATINGS.COM?

Optional Extra Points

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• 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)

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THE INITIALS FOR THE FEDERAL EDUCATIONAL LOAN PROGRAM

FOR MAKING LOANS TO MOM AND DAD

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WHAT IS PLUS (PARENT LOANS FOR UNDERGRADUATE STUDENTS)?

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“FICO” STANDS FOR THE NAME OF THIS COMPANY WHICH DEVELOPED

THE ALGORITHM USED IN COMPUTING THE CREDIT SCORE

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WHAT IS FAIR ISAACS CORPORATION?

Optional Extra Points

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• 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

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THE NAME FOR THE PRIMARY FEDERAL GRANT PROGRAM

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WHAT IS THE PELL GRANT?

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

LOAN

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WHAT IS THE “FLOATING RATE"?

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THE INDUSTRY NAME FOR CREDIT CARD USERS WHO CONSISTENTLY CARRY SOME PORTION OF THEIR

MONTHLY BILL INTO THE NEXT MONTHLY CYCLE

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WHO ARE REVOLVERS?

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THE NAME OF ONE OF THE THREE TYPES OF FEDERAL LOANS THAT

ARE MADE TO STUDENTS

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WHAT ARE STAFFORD SUBSIDIZED LOANS OR STAFFORD UNSUBSIDIZED LOANS OR PERKINS LOANS?

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YOUR PARENTS MUST HAVE STERLING CREDIT FOR THE

FEDERAL LOAN WITH THIS NAME

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WHAT ARE PLUS LOANS?

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

DEFAULT

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WHAT IS 9 MONTHS?

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TYPICAL NUMBER OF YEARS CHAPTER 13 DEBTOR HAS TO

DEVOTE ALL HIS/HER INCOME TO PAYING CREDIT UNDER A PLAN

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WHAT IS 3 (CAN GO TO 5)?

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LENGTH OF TIME YOU HAVE TO DO PUBLIC INTEREST WORK IF YOU

WANT FEDERAL STUDENT LOANS FORGIVEN

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WHAT IS 10 YEARS?

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LENGTH OF TIME YOU HAVE A RIGHT TO DEFER OR GET FORBEARANCE ON

FEDERAL LOANS BECAUSE OF UNEMPLOYMENT OR ECONOMIC

HARDSHIP

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WHAT IS 3 TO 5 YEARS?

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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

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WHAT IS 1 YEAR?

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A.P.R. STANDS FOR THIS TERM

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WHAT IS ANNUAL PERCENTAGE RATE?

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ACCORDING TO SMARTMONEY.COM, A GOOD CARD FOR STUDENTS

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WHAT IS (A) PENTAGON FEDERAL CREDIT UNION VISA PLATINUM CASHBACK REWARDS OR (B) CITI MTVU PLATINUM SELECT VISA CARD FOR COLLEGE STUDENTS OR (C) CAPITAL ONE’S JOURNEY STUDENT REWARDS CARD?

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ACCORDING TO CONSUMER REPORTS, THESE TYPES OF

ORGANIZATIONS ARE OVERALL THE BEST PLACE FOR CONSUMERS TO

FIND A CREDIT CARD

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WHAT ARE CREDIT UNIONS?

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DAILY

DOUBLE

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

LOAN

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WHAT IS $900?

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THE PERCENTAGE OF YOUR INCOME THAT IS THE CAP ON REPAYMENTS YOU HAVE TO MAKE FOR FEDERAL

STUDENT LOANS

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WHAT IS 10%?

Optional Trivia

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STARTING FALL OF 2011, FEDERAL LAW NOW REQUIRES COLLEGES TO DISCLOSE THIS INFORMATION ON

THEIR WEB SITES

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WHAT IS ESTIMATED COST OF COLLEGE (NET PRICE CALCULATOR)?

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THE THREE MAJOR CREDIT REPORTING BUREAUS

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WHAT ARE EXPERIAN, EQUIFAX AND TRANSUNION?

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AT LEAST THREE OF THE FACTORS USED IN CALCULATING THE FICO

SCORE

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WHAT ARE (1) PAYMENT HISTORY, (2) LOW CARD BALANCES, (3) LONG

CREDIT HISTORY, (4) CREDIT INQUIRIES AND (5) DIVERSE CREDIT

HISTORY?

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WITHIN $5,000, THE ESTIMATED AVERAGE YEARLY COST OF

COLLEGE

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WHAT IS $21,889?

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• ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1ST 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)?

• WWW.FINAID.ORG

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THE ONE FEDERAL LOAN PROGRAM FOR LOANS TO STUDENTS THAT IS

NOT NEED-BASED

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WHAT ARE STAFFORD UNSUBSIDIZED LOANS?