Skip to content

Greenlight for Classroom - Credit: Interest and different types of lenders


Students will learn that interest rates and fees for borrowing money can vary depending on several factors, including the type of credit and lender. They will understand:

  • How to compare the annual percentage rate (APR)
  • How to compare APRs and understand the total cost of borrowing
  • How higher interest rates and longer loan terms affect the total cost of a loan