Credit Cards
What is the difference between a general and private label?
A private label is issued by a single source like a department store and can only be used at their specific locations, where a general label is a credit card you can use anywhere.
What is a creditor?
The person who lends $$ to students, or potential clients. The person the other person owes $$.
What college field trip will AVID go to next Semester?
GCU - Grand Canyon University
U of A is located in . . .
Tucson, Arizona
What is your favorite tour guides name on the virtual college tours we take every Wednesday?
Ferrari
What are some things to keep in mind when you are "shopping for credit cards?" Name 2.
What is a credit score?
A credit score is a number that helps lenders predict how likely an individual is to repay a loan, or make credit payments on time.
Name all of the college presentations/tours we have learned about this year.
NAU - Northern Arizona University
ASU - Arizona State University
GCU - Grand Canyon University
CGCC - Chadler-Gilbert Community College
U of A - University of Arizona
The stadium and facilities we toured (meal room, footage media room, gym, etc.) is open to all athletes?
True or False.
False - it is only for Football Athletes.
Out of these colleges, which ones are a private institution?
Arizona State University
Northern Arizona University
University of Arizona
Grand Canyon University
Embry Riddle
Chandler-Gilbert Community College
Grand Canyon University
Embry Riddle
How long does a delinquent payment history or issues with a credit card reporting stay on your credit score?
7 years
What are some sources of credit we discussed in our notes? Name 3 out of the 6.
Banks, Retail stores, savings & loan associations, credit unions, fiance companies, and internet store.
AP Courses you take in High School will transfer anywhere in the country.
True or False.
False - we know AP courses will likely to transfer to any instate college based on the score you earn, but it is not a guarantee for out of state universities and colleges.
About how much is it a year to go to the University of Arizona? (Based on Ms. East's calculation)
$30,000/year
How many months after college (4-year graduation plan) are your student loans deferred?
6 months
What should you use credit cards for? List 2 reasons.
Emergency $$, gas & groceries, small bills (that you can pay off), etc.
What is considered the "safe zone" on the debt-to-income thermometer? (%)
23% or less
What factors contribute to your acceptance into a college? Name at least 5.
Hint: Think back to the GPA line we created and who was the top of the waiting list?
GPA
Community Service
Sports Athlete w/ honors and awards
Plagiarism
SAT/ACT Scores
Who you know or who you are related to
Extra Curricular achievements
AP Courses
U of A is on a fixed tuition plan, what does this mean?
This means you tuition and mandatory fees will not change for four years (8 consecutive semesters).
What are the 5 Processes of Note Taking?
1. Taking Notes
2. Processing Notes (thinking about the notes, revising and organizing notes)
3. Connecting Thinking (asking questions, making connections, and thinking beyond the notes)
4. Summarizing and Reflecting
5. Applying your learning in the future (revisit notes for studying, connect to other concepts/ideas)
If I make the minimum payment, I am in the clear and my credit score will be AMAZING!
True or False?
False, making the minimum payment is not always a good thing and can actually lead to bigger issues in the future because of interest and other hidden conditions.
What are the 5 C's of credit?
Capacity
Capital
Collateral
Conditions
Character
To receive a full ride offer to the college of your dreams, what score on ACT/SAT do you need, combined with what GPA Score?
33 or higher for ACT
1480 or higher for SAT
Combined with a GPA of 3.5 or higher
Why does U of A say "Bear Down," when their mascot is a Wildcat?
The University of Arizona Wildcat's battle cry of Bear Down and fight song (hear it here) comes from the Thursday October 18, 1926 final dying words of a 22 year old wildly popular charismatic student leader, and multi talented athlete, John "Button" Byrd Salmon who often trained in what was then the newly built Men's Gymnasium as the Bear Down Gym was originally named.
What will Ms. East's future name be when she marries Scott?
Mrs. Ispas