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RULES 1.Divide room into teams. Elect one speaker per team. 2.One team/one selection per turn. 3.15 seconds for an answer. Only team leader may speak for team. 4.No penalty for wrong answer. No follow-on right for correct answer. 5.Teacher keeps score. 6.Judges decisions are final. 2

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200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 200 400 600 800 1000 YOU BET YOUR ASSETS URLOL NAME CALLING TIMES UP! CREDIT TERMS POTPOURRI On to Final Jeopacardy! 3

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A Production of CARE PROGRAM Graphic Design by Bonnie McDuffie 4

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THE FINAL JEOPACARDY TOPIC IS TIME FRAMES Before we go to the next slide and the final Jeopacardy answer, each team must announce how much it is wagering. 6

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THE FINAL JEOPACARDY ANSWER IS: LENGTH OF TIME THAT NEGATIVE INFORMATION CAN LEGALLY STAY ON YOUR CREDIT REPORT 7

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7 YEARS (10 YEARS FOR BANKRUPTCY) 8

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AMOUNT OF TOTAL US EDUCATIONAL DEBT 9

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WHAT IS $1.2 TRILLION? 10

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EXAMPLE OF A TYPE OF CONSUMER DEBT THAT IS EXPECTED TO TAKE MONTHS OR YEARS TO REPAY 11

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WHAT ARE MORTGAGES OR CAR LOANS OR STUDENT LOANS? 12

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STANDARD LENGTH OF TIME TO REPAY A FEDERAL STUDENT LOAN 13

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WHAT IS 10 YEARS? 14

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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 15

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WHAT IS A TYPE OF DEBT THAT CANNOT GET A BANKRUPTCY DISCHARGE? 16

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THE TYPE OF INTEREST THAT IS CHARGED ON UNPAID PRINCIPAL AND ACCRUED INTEREST 17

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WHAT IS COMPOUND INTEREST? 18

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THE WEB SITE FOR COMPLETING THE FREE APPLICATION FOR FEDERAL STUDENT AID 19

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WHAT IS FAFSA.GOV? Optional Trivia 20

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EVERYONE PLAYS. 200 POINTS FOR FIRST CORRECT ANSWER THE FIRST DAY FOR SUBMITTING THE FAFSA APPLICATION FOR COLLEGE YEAR STARTING FALL 2016 WHAT IS JANUARY 1, 2016? WHAT IS JANUARY 1, 2016? 21

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A WEB SITE ON WHICH YOU CAN SHOP AND COMPARE CREDIT CARD OFFERS 22

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WHAT IS CREDITKARMA.COM OR NERDWALLET.COM OR CREDITCARDS.COM OR BANKRATE.COM OR CARDHUB.COM? 23

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THE ONLY OFFICIAL WEB SITE AT WHICH YOU CAN GET COPIES OF EACH OF THREE CREDIT REPORTS ANNUALLY FOR FREE 24

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WHAT IS annualcreditreport.com? Optional Extra Points 25

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All teams can play. Every team answers. 1 st team with right answer wins. Winner gets 200 points. We may not have covered this item in the presentation. The initials of the federal consumer agency set up in 2010 to police credit cards, student loans and other financial products WHAT ARE CFPB (stands for Consumer Financial Protection Bureau)? WHAT ARE CFPB (stands for Consumer Financial Protection Bureau)? 26

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A WEB SITE FOR GETTING A BUDGETING APP 27

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WHAT IS MINT.COM? 28

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A WEB SITE FOR SHOPPING FOR SCHOLARSHIPS 29

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WHAT IS FASTWEB.COM OR COLLEGEBOARD.COM OR GOCOLLEGE.COM OR SCHOLARSHIPHELP.ORG OR COLLEGEANSWER.COM OR STUDENTSCHOLARSHIPSEARCH.COM OR FINAID.ORG OR CAREERINFONET.ORG OR COLLEGEGREENLIGHT.COM? Optional Extra Points 30

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ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1 ST TEAM WITH CORRECT ANSWER WINS. WINNER GETS 200 POINTS. THIS QUESTION WAS NOT COVERED IN TODAYS PRESENTATION. THE CAP ON THE AMOUNT OF SCHOLARSHIP MONEY A STUDENT IS ALLOWED TO GET WHAT IS NONE? WHAT IS NONE? 31

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THE NAME FOR THE PRIMARY FEDERAL GRANT PROGRAM 32

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WHAT IS THE PELL GRANT? 33

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THE NAME FOR PRIVATE LOAN INTEREST RATES THAT GO UP AND DOWN DURING THE LIFE OF THE LOAN 34

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WHAT IS THE FLOATING RATE"? 35

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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 36

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WHO ARE REVOLVERS? 37

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THE NAME OF THE TYPE OF CARD THAT WORKS JUST LIKE A CHECK, TAKING MONEY DIRECTLY FROM YOUR BANK ACCOUNT 38

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WHAT IS A DEBIT CARD? 39

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THE FEDERAL LOAN PROGRAM IN WHICH THE COLLEGE, RATHER THAN THE GOVERNMENT, MAKES A LOAN 40

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WHAT ARE PERKINS LOANS? 41

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LENGTH OF TIME YOUR FEDERAL LOAN CAN BE LATE BEFORE GOVERNMENT DECLARES A DEFAULT 42

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WHAT IS 270 DAYS? 43

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IF YOUR CARD STATEMENT ON JUNE 1 SAYS YOU OWE $2460, YOUR APR IS 20% AND YOUR MINIMUM PAYMENT IS $45, THIS IS THE AMOUNT YOU MUST PAY BY THE DUE DATE OF JUNE 21 TO AVOID PILING UP INTEREST ON YOUR CHARGES 44

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WHAT IS $2460? 45

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LENGTH OF TIME YOU HAVE TO DO PUBLIC INTEREST WORK IF YOU WANT FEDERAL STUDENT LOANS FORGIVEN 46

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WHAT IS 10 YEARS? 47

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WITHIN $5,000, THE ESTIMATED AVERAGE YEARLY COST OF COLLEGE IN 2014 48

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WHAT IS $20,882? 49

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ACCORDING TO SOME COMMENTATORS, YOUR TOTAL STUDENT LOAN DEBT SHOULD NEVER EXCEED THE SALARY YOU EARN FOR THIS PERIOD OF TIME AFTER YOUR GRADUATE FROM COLLEGE 50

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WHAT IS 1 YEAR? 51

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A TYPE OF FEE THAT CREDIT CARDS CHARGE 52

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WHAT IS ANNUAL FEE OR LATE FEE OR OVER-THE-LIMIT FEE OR BALANCE TRANSFER FEE OR CASH ADVANCE FEE OR DOCUMENTATION OR REISSUED CARD FEE? 53

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THE NUMBER OF PAYMENTS YOU CAN SAFELY MISS ON YOUR CREDIT CARD WITHOUT HURTING YOUR CREDIT SCORE 54

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WHAT IS NONE? 55

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ACCORDING TO CONSUMER REPORTS, THESE TYPES OF ORGANIZATIONS ARE OVERALL THE BEST PLACE FOR CONSUMERS TO FIND A CREDIT CARD 56

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WHAT ARE CREDIT UNIONS? 57

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DAILY DOUBLE 58

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THE AVERAGE FEE YOU HAVE TO PAY TO GET A PRIVATE STUDENT LOAN 59

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WHAT IS $900? 60

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THE PERCENTAGE OF YOUR INCOME THAT IS THE CAP ON REPAYMENTS YOU HAVE TO MAKE FOR FEDERAL STUDENT LOANS 61

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WHAT IS 10%? Optional Trivia 62

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The percentage of student loan debt that debtors have been able to get discharged in bankruptcy (within 5%) 63

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WHAT IS 1%? 64

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AT LEAST TWO OF THE MAJOR CREDIT REPORTING BUREAUS 65

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WHAT ARE EXPERIAN, EQUIFAX, AND TRANSUNION? 66

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AT LEAST THREE OF THE FACTORS USED IN CALCULATING YOUR CREDIT SCORE 67

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WHAT ARE (1) PAYMENT HISTORY, (2) AMOUNTS OWED RELATIVE TO CREDIT EXTENDED BY LENDERS, (3) LONG CREDIT HISTORY, (4) CREDIT INQUIRIES AND (5) DIVERSE CREDIT HISTORY? 68

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ONE OF THE TYPES OF INFORMATION THAT IS SHOWN ON YOUR MONTHLY CREDIT CARD STATEMENT 69

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WHAT IS (a) ALL YOUR CHARGES FOR THE LAST MONTH AND (b) DUE DATE FOR PAYMENT AND (c) MINIMUM MONTHLY PAYMENT AMOUNT? 70

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ALL TEAMS CAN PLAY. EVERYONE GIVES ANSWER. 1 ST 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 WWW.FINAID.ORG 71

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THE ONE FEDERAL LOAN PROGRAM FOR LOANS TO STUDENTS THAT IS NOT NEED-BASED 72

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WHAT ARE STAFFORD UNSUBSIDIZED LOANS? 73