Technology Mentoring/UBD Unit
Wendy Pitlik-Plehn, Sheboygan South High School
Grades: 10-12
Subject: Family & Consumer Education
Course/Name of Unit: Personal & Family Finance/Payday Lending
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Stage I:
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Standards/Benchmarks: National Family & Consumer Science
Standards 2.6.2, 3.3.3
Areas of Study:
2.0 Consumer & Family Resources
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3.0 Consumer Services
Content Standard: Demonstrate management of financial
resources to meet the goals of individual and families across
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the lifespan.
Performance Standard 2.6.2: Apply management principles to
individual and family financial practices.
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Content Standard: Analyze factors in developing a long-term
financial management plan.
Performance Standard 3.3.3: Analyze the effect of consumer
credit in long term financial planning.
Key Ideas/Understandings:
Students will understand that using a payday lending company
is a very costly alternative for borrowers.
Essential Questions:
 What is payday lending?
 What should consumers know about payday lending
services as a source of credit?
 What are some alternatives to payday lending?
 What are the risks and costs involved in payday lending?
 What are the trends occurring regarding payday lending?
 How can personal and family budgets be managed to
prevent the use of payday lending?
Declarative Knowledge:
Students will know basic vocabulary including; payday lending,
cash advance, interest, rollovers and default.
Skills:
Students will be able to define payday lending, identify the fees
associated with it, describe trends in payday lending, and
explore alternatives to payday lending. Students will be able to
calculate fees involved in payday lending. They will then use
this information and their computer/technology skills to
generate a public service announcement regarding payday
lending.
Stage 2:
Assessment:
Payday Lending Worksheet (attached) to be completed
individually, teacher observation, public service
announcement rubric.
Key Criteria: Content, Delivery, Originality, Time Length, Use of
Class Time
Learning Activities/Tasks:
1) Students will view a Smart board presentation of
background information on payday lending and take
notes on the attached Payday Lending Note taking
Guide.
2) Working in groups of 3 participants, pass out one Payday
Lending Hazard Worksheet A.2. (attached) and play the
game to determine the cost of a payday loan. (Dice
needed for each group or may do as a large group by
rolling the dice found in the gallery on the Smart board.)
3) Students complete Worksheet A.1. individually.
4) View dvds and complete fill-ins in workbook for Unit 2:
Credit & Debt, Ch. 4: Dangers of Debt.
5) Students create public service announcements (psas) in
iMovie in pairs or small groups of 3 using a flip camera.
(See attached rubric.) Students then view all others’ psas.
Background Knowledge:
There are many ways to obtain cash when a person
needs money and cannot wait until payday. One option is a
payday loan. A payday loan is a short-term loan providing
immediate cash, typically secured by a borrower’s written
check or authorization for automatic withdrawal from the
borrower’s bank account. Payday loans are also known as
cash advance loans, check advance loans, or post-dated
check loans. Payday loan transactions can be performed by
check cashers, payday loan stores, pawn shops, and
sometimes, even rent-t0-own companies. Payday loan
companies can be in the risky form of an Internet lender where
a person will be required to give the lending company access
to financial accounts as well as a social security number. This
type of transaction increases the risk of fraud and identity theft.
While payday loans offer quick money, interest rates and fees
make the loan costly to consumers.
This unit would allow for differentiation through the variety
of learning activities. It also differentiates via the public service
announcement task, and incorporates the following
technology: dvds, computers, iMovie software, flip cameras,
Smartboard.
Resources:
www.fefe.arizona.edu
Family Economics and Financial Education, Take Charge
America
Institute for Consumer Financial Education and Research
Foundations in Personal Finance Curriculum by Dave Ramsey
Unit 2, Ch. 4 DVDs and Workbook