Credit for Life Program
The Credit for Life Fair Program for MHS juniors is scheduled for Thursday, May 18th this year.
The fair takes place in the gymnasium and generally runs from 8:00-10:00.
March 15th’s advisory.
Via the intercom, all juniors will be called to report to the auditorium at 9:55. They will be attending a 45 minute orientation program for the upcoming Credit for Life fair.
PREVIOUS YEARS PROGRAM for MHS Juniors & Seniors was held on April 28, 2015
What is the Credit for Life Program?
The Credit for Life Fair is a financial literacy exercise where high school seniors are asked to make decisions on how to spend their money. Students role-play the position of a 25-year old adult with a career, a salary, and a credit score. They are assigned a mock checking and savings account balance and possibly a student loan payment, depending on the career they selected. Based on their mock salary, they must make decisions that affect their finances, such as renting an apartment on their own or having a roommate, buying or leasing a vehicle, purchasing furniture, and saving for their retirement. There is a booth set up for each financial decision the students will have to make. Our goal for the students is to have a better understanding of their future fiscal responsibilities. We teach them about balancing a budget and making choices about their finances. They also learn how one financial choice can greatly impact another.
One of the most important booths at the Credit for Life Fair is the credit score booth. We use this booth to educate the students on what a credit score is and how their future will be impacted with a low, med, or high credit score. Students are given a completely random credit score at the very beginning of the fair which will greatly affect their experience.
Lastly, credit counselors will review each student's final budget one-on-one to ensure solvency or to help students learn how to live within their budget. Managing their own budget and seeing the actual cost of things will leave students with a whole new perspective on real-life financial management.
Schedule for the day:
Our juniors and seniors will be participating in the fair in two separate waves.
The juniors will participate in the fair from 8:00 to approximately 9:45.
The seniors from approximately 10:00 to the start of third lunch. All seniors will attend third lunch.
Credit for Life - March 2014 Patch Article