When we discussed student loans, you mentioned federal and private student loans. But what is a Federal Student Loan? Federal student loans are funded by the federal government. They have a fixed rate of interest, and their terms and conditions are set by law. Students with a financial need may even qualify for a subsidized …
Introduction to Student Loans for Kids and Teens This video explains the concept of a student loan in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about student loans, or used as a money & personal finance resource by parents and teachers as part of …
What is Foreclosure? Foreclosure is a legal process where your home is put up for sale by the lender. It happens when your home is used as a collateral for a mortgage, but you default and aren’t able to pay back. Then the lender can foreclose your home to recoup the remaining loan amount with …
Howdy Wall St. Willy! My friend went to get a mortgage to buy a house but the bank that was lending the money to him asked for a down payment. So, what is a down payment anyway? A down payment is money that you pay upfront when you take a loan. For example, you usually …
Howdy Wall St. Willy! Earlier you talked to me about a mortgage. But I want to know about the different kinds of interest on a mortgage. Can you tell me about that? Of course, I can. The different types of interest for a mortgage are mainly fixed interest or floating interest. Floating interest is also …
Part 1: What is a Credit Card, How Does a Credit Card Work Part 2: Pros & Cons of Credit Cards, Should You Use a Credit Card Introduction to Credit Cards for Kids and Teens This video explains the concept of credit cards in a simple, concise way for kids and beginners. It could be …
On TV, I heard about Personal Bankruptcy. But what is Bankruptcy anyway? Bankruptcy is a legal process that helps people sort their finances, when they cannot pay off their debts – due to excessive borrowing, a major financial setback like job loss, etc. How does the bankruptcy process work? Personal bankruptcy can be filed under …
Introduction to Mortgage for Kids and Teens This video explains the concept of mortgage in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about mortgage, or used as a money & personal finance resource by parents and teachers as part of a Financial Literacy course …
Introduction to Bonds for Kids and Teens This video explains the concept of bonds in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about investing in bonds, or used as a money & personal finance resource by parents and teachers as part of a Financial …
Introduction to Assets and Liabilities for Kids and Teens This video explains the concept of assets and liabilities in a simple, concise way for kids and beginners. It could be used by kids & teens to learn about assets & liabilities, or used as a money & personal finance resource by parents and teachers as …