Good Debt, Bad Debt & Risky Debt
The amazing folks from Berman McAleer were back again today for their monthly Financial Literacy seminar. Today’s lesson was all about evaluating and understanding different kinds of debt. The students worked in groups to discuss various debt scenarios that were presented to them and then had to label each one as “good debt”, “bad debt” or “risky debt”. After pronouncing their answer to the class, the groups had to defend and discuss how they reached their conclusion. They consider scenarios having to do with car and home purchases, payday loans and more. It was a very lively session and the learning will resonate as the students face these real life decisions.
Our thanks to series coordinator Kathleen Gower along with Adaiha Montgomery and Geneveive Criscera and all the folks at Berman McAleer for this eye opening seminar and the delicious lunch.