TCF Bank is committed to increasing the financial literacy of young people. TCF Financial Scholars have demonstrated the ability to: calculate simple and compound interest using formulas; categorize different banking options and the basic structure of the U.S. banking system; interpret the differences in payment types, including debit cards, credit cards, merchant cards, cash advances, and payday loans; examine how financial behaviors positively or negatively impact a credit score; categorize the differences in financial aid options, including the specific differences in student loan types; compare the differences between renting, leasing and owning; examine common taxes and tax forms; understand how to spot, address and protect yourself from consumer fraud and identity theft; and compare and contrast investing options in terms of financial risk and apply to a hypothetical diversified portfolio.

Issuer:

EverFi
http://www.everfi.com/

Evidence:

Badge Type: knowledge

Expected Duration: 6 hours

Criteria

1. Learner achieved a score of 70% or higher on a quiz for each of the following topics: Savings, Banking, Payment Types, Credit Score, Renting vs. Owning, Financing Higher Education, Taxes and Insurance, Consumer Fraud and Investing.

Earn by participating in: