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Borrowing money for a houseSocial Studies · Personal Finance · Grades 6–8Lesson plan

Students “buy” a local home and calculate payments based on the principal, interest rate, and length of mortgage loans to learn how different loan terms affect the overall cost. Big idea: The amount actually paid for a home is determined by the price and the mortgage loan’s specific terms. Topic: Borrow (Getting loans, Managing credit). School subjects: CTE (Career and technical education), Math.

From Consumer Financial Protection Bureau, Youth Financial Education · Public domain (US Gov) · original source

More Social Studies for grades 6–8