RTSWS SILVER STUDENT CURRICULUM 2022 by Rock The Street, Wall Street

SILVER STUDENT SESSION x SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

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SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM TABLE OF CONTENTS SILVER STUDENT INTRODUCTION OUR MISSION & VISION ...................................................................................................... I OUR GOALS ......................................................................................................................... II ARTICLE: MATH ANXIETY..................................................................................................... III STATISTICS .......................................................................................................................... VI WORKSHOP SESSION OVERVIEW ..................................................................................... VII SILVER SESSION ONE ................................................................................................. 1 BINGO. 2 Pre-Assessment 4 Agenda ..................................................................................................................... 5 Key Terms ................................................................................................................ 6 Stock Review 10 Glows & Grows 12 Reminders ................................................................................................................ 13 Yahoo! Finance Instructions ....................................................................................... 14 SILVER SESSION TWO 16 Welcome & Norms ................................................................................................... 16 Agenda ..................................................................................................................... 17 Think About It! 17 Key Terms 23 Stock Review ........................................................................................................... 26 New Investment Key Terms ..................................................................................... 28 Project: College Financial Planning for Janella 30 Whole Group Refection 34 Reminders ................................................................................................................ 35 Session #2 BONUS 36

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM TABLE OF CONTENTS SILVER SESSION THREE 40 Welcome & Norms. 40 Agenda ..................................................................................................................... 41 Stock Review ............................................................................................................ 41 New Investment Key Term 43 Project: College Financial Planning for Janella 49 Group Refection ....................................................................................................... 50 Reminders ................................................................................................................. 51 Session #3 BONUS 52 SILVER SESSION FOUR 54 Welcome & Norms ................................................................................................... 54 Agenda 55 Stock Review 56 New Investment Key Terms ...................................................................................... 58 PROJECT: College Financial Planning for Janella .................................................... 66 Whole Group Refection 69 Reminders 69 Session #4 BONUS ................................................................................................... 70 Key Terms Glossary 72 SILVER SESSION FIVE 78 Welcome & Norms ................................................................................................... 78 Agenda 79 Stock Review 80 Post-Assessment ...................................................................................................... 82 Group Presentations ................................................................................................. 83 Whole Group Refection 85 Reminders for Field Trip 85 Session #5 BONUS ................................................................................................... 86 RESOURCES 90

Rock The Street, Wall Street is reaching young women at their local high schools. We ofer young women a fight path to a fnancial education through hands-on fnancial projects, workshops, role modeling, mentoring and real-life Wall Street experiences. Girls are introduced to fnancial concepts such as savings, investments, post-secondary and college fnancial preparedness, budgets, stocks, bonds, fnancial analysis, venture capital and private equity.

OUR VISION

ABOUT ROCK THE STREET, WALL STREET

I SILVER STUDENT INTRODUCTION

Rock The Street, Wall Street believes to close the gender gap in the wages, wealth and in the fnancial services sector, we have to inspire girls to pursue the M in STEM and fnance, by exposing them to real life role models. The number one reason why girls are not choosing STEM professions - they don’t see women in those professions The number two reason - they don’t see their friends choosing those majors in college We engage female fnancial pros who walk the talk on all matters fnancial. They teach and motivate the next generation. Our students see girls in their RTSWS cohort choosing fnance, economics or a related computational feld as their majors/minors. Whether they choose the profession, or head into another feld, our students are far better prepared for critical decision-making on all types of fnancial and career prep matters.

OUR MISSION

Rock The Street, Wall Street hopes to break the cycle of multi-generational fnancial naivete so that girls have a better chance at improving their lives, their households and their communities. Fifty years after the adoption of Title IX, women continue to confront barriers to full equality at all levels, most critically of which is in their fnancial lives. This is even more egregious for women of color, where they earn, save and invest at lower rates. In college fnance and economics classrooms, girls are few in number. As a result, their opportunities in pay, promotion and life are unequal. Equipping girls with fnancial skills is a vital part of ensuring equal opportunity. Financial literacy is The Great Equalizer.

Rock The Street, Wall Street is a fnancial and investment literacy program designed to bring both gender and racial equity to the fnancial markets and spark the interest of high school girls into careers of fnance. Girls learn about saving, investments, budgeting, stock and capital markets and their role in maintaining the welfare of their families, communities and the economy, while simultaneously helping them see the real world application of the math content they learn in the classroom.

OUR GOALS •

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Spark girls’ enthusiasm for fnance at a critical age and make them aware of the societal benefts personal fnancial knowledge and math-oriented careers can ofer. Create the social capital between students and female fnancial professionals that will enable students to get a jumpstart on their personal money management behavior and on their college and work lives. Increase the number of women studying fnance, economics or related computational business felds. Create an early pipeline of female talent to increase the number of women who enter into the fnan cial services industry. Provide a pathway to better lifetime money management, academic performance and college preparation.

IISILVER STUDENT INTRODUCTION

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Teach girls on how being fnancially independent is key to living a self-determined life.

Open girls’ minds to math-focused felds of study as compatible with a career that has a positive impact on the world.

Increase fnancial and investment literacy of girls at a young age so that they are aware of the fnancial responsibilities AND opportunities of post-secondary life, at college, at work, at home and in their communities.

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Close the gender and racial gap in wages, investments and wealth accumulation for all women.

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Coach students on resume building. Provide career discovery by ofering job shadowing and/or industry summer internships. Foster students’ continued growth in fnance through their college years and into the workforce. Create a longitudinal cohort of girls who can network with each other across cities, countries, socio-economic lines and industries. Become the go to internship and job portal for emerging, diverse talent in the fnancial services industry and beyond.

•

ARTICLE

Math anxiety may start in the classroom during childhood but it has a way of following students throughout their lives, said Maddie Parker, a fnancial adviser at Parker Financial Group in Overland Park, Kan., who started her career as a high school math teacher before switching to fnancial planning. She has seen people postpone their fnancial plans and refrain from saving for retirement because they don’t want to deal with the possibly complicated equations and complex investing topics.

By Alessandra Malito, MarketWatch (October 24, 2019)

This teacher-turned-fnancial adviser on the different ways men and women approach math and life

Many Americans suffer from “math anxiety,” which inhibits their ability to solve problems — a potential issue when it’s time to balance a checkbook or save for retirement.

Women sufer from ‘math anxiety’ more then men do - here’s how to reverse it

III SILVER STUDENT INTRODUCTION

Parker spoke with MarketWatch about her education background, why people are so worried about math and how to mesh the two:

Parker, 30, taught Algebra II and geometry to high-school students before switching to fnancial planning and working with her 76-year-old father, who has his own frm. She also became a Certifed Financial Planner. “I have a math background and the CFP puts me in a good position to do fnancial planning in a way that educates people about the planning and why,” she said. Their age difference also helps them work with clients of all ages and provide their own perspectives, she added.

A fear of math can be debilitating — and not just because it could result in poor math grades. Many students, especially girls, may avoid careers that include a heavy amount of math, especially those in STEM (Science, Technology, Engineering and Math) felds. Girls made up just 30% of the top 5,000 ninth-graders in the American Mathematics Competitions, according to research distributed by the National Bureau of Economic Research in 2017. Just 18% of the top 500 ninth-graders were girls, and only 8% of the top 50. That gender gap worsens as they age — by senior year, only 22% of the top 5,000 are girls (compared with the 30% in ninth grade), followed by just 12% of the top 500.

Parker: It translates from kids to adulthood. When you get out of school, you’re less exposed or have less experience being tested so the anxiety may seem like it’s gone away but any time math or that skill is required, the anxiety comes right back. I think it has been perpetuated as a weird acceptance in our country, that it’s OK to be bad at math. Like, “oh, math is hard and it’s OK not to get it.” It defnitely follows into adulthood and affects people dealing with fnances, because they have to do math and they don’t know how to do it, and they’re stressed or embarrassed to ask for help.

Parker: In high school, you’re not required to take personal fnance and the math you’re doing is unrelated to what you do in real life. And that real life math in your brain is still tied to calculus so you think, “I couldn’t do that at 16, I probably can’t handle fnances now.” But it is different math. It’s not to say it’s simple, but it’s different, and it is applicable in such a way that people do fnd it easier to understand. It is not quite as challenging as graphing logarithmic equations. It’s a lot different.

MW: There are many people who say women generally are more likely to have math anxiety than men. Is that something you’ve seen?

Maddie Parker: A lot of people would say “I have that” and to a degree, a lot of people do, but it’s more than feeling like you don’t do well on exams. Kids who have math anxiety almost always have a physical inability to respond to being tested or asked to perform on math-related tasks. It is just built up over the years of different experiences, and it stops them from being able to learn any further.

Parker: There are great articles and podcasts and TED talks about the same concepts, of how we’re raising our girls to be perfect and raising our boys to be brave. And there was one example at a girls’ coding camp, where they have to learn to do coding and the girls specifcally would type up all this stuff and then if they couldn’t fgure it out they’d erase it all and call the teacher over. The teacher would press undo and show all of this work and that they were really close, but because the girls couldn’t make it work they wanted to tell the teacher to show them from the beginning. They didn’t want to show this not perfect work.

It is just a good example that demonstrates that girls are being raised to be perfect and not in the same way as boys, who may say (like in that example) that they don’t care and at least they’ll get partial credit. The only way to learn is by making mistakes, but that gets lost on girls when they feel they have to be perfect.

MW: Does that concept translate to adult couples in fnancial planning?

IVSILVER STUDENT INTRODUCTION

MarketWatch: How exactly would you describe math anxiety?

MW: Is it something adults face?

MW: How can math anxiety impact personal fnances?

MW: Are there any math-related topics that clients typically have a hard time understanding?

Parker: It is important that there be no stigma about it. There’s this expectation people have of themselves that they should know more about fnance because it applies to their life. I am a fnancial adviser and I don’t know how to fx my car, so I bring it to be serviced by professionals. I don’t feel stupid because I didn’t focus on that and I know nothing about it. It can be scary if you don’t know who you’re going to and unfortunately there are some bad people out there, but if you do your homework to fnd the people to help you, you don’t need to feel ashamed or embarrassed. That’s the whole reason you fnd a professional to begin with — someone who is trained. That’s their job.

Parker: One of the biggest ways is in my ability to explain things. It’s funny, I majored in math and decided to be a high school math teacher, but when I was in high school, I struggled with math. I had good grades and I didn’t have math anxiety, but I wasn’t some freaky Einstein genius kid who got it all. It made sense when I didn’t get something right and because I liked it so much I worked hard to understand it. I was good at explaining things to my friends. But my own struggle made me good at explaining it. A lot of math teachers are geniuses who understand it, and that makes it hard to explain it to students who are struggling. That ability translates nicely to doing fnancial plans. I can see what is probably going to confuse them and where they’ll get lost.

Parker: It varies, but one big thing we talk about is infation and compound interest. The need to factor in infation because a dollar today is not going to be a dollar 10 years from now, and that it is a slow climb. People are amazed at how different the numbers look when I factor in 2.5% infation.

Parker: It is more apparent for women when they are single individuals. They’re more comfortable saying “I don’t get it” or it’s more evident. They’re not as afraid to ask for help. It’s when they’re with their spouses it is easier to be quiet or let them talk and pretend you understand things because your partner is helping you, but it is still relevant. I always work with most clients together and I will ask them both “do you understand this?” or make sure they’re both on the same page.

MW: How would you say your background as a math teacher benefts you and your clients?

V SILVER STUDENT INTRODUCTION

MW: Is there any way to overcome math anxiety?

VISILVER STUDENT INTRODUCTION

VII Silver Curriculum Workshop Sessions Silver Curriculum Learning Outcomes: • To play the role of a fnancial adviser for Janella Sims, a 17-year-old college-bound female, where student teams analyze her college costs and her short-term and long-term fnancial goals. • To defne basic investment terms. • To follow the price movements of Apple (AAPL) and the SPDR S&P 500 ETF Trust (SPY). • To understand credit and be able to explain its role and relationship to their personal, fnancial life. • To understand interest (simple and compound), its benefts and how it can be detrimental. • To analyze the costs of college and types of fnancial aid available. • To recognize the gender gaps in wages, college debt, home ownership and retirement savings. • To become familiar with the various types of careers in fnance. Session Topics and Key Terms: Please write in the day, time and location of each session on the following page. Be sure to add these dates to your phone calendar as well to set reminders. Session dates and times are also available in your RTSWS app. Why did the bank ownerbuy cows? To beef up security SILVER STUDENT INTRODUCTION

VIIISILVER STUDENT INTRODUCTION

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

The Wall Street feld trip is a capstone experience where students are given a rare glimpse into corporate offce settings, the workplaces and work lives of Thefnanciersexperience allows the students to shadow female treasury offcers, wealth managers, entrepreneurscomptrollers,analysts,accountants,andmore.For many of our students, this is their frst glimpse into the world of fnance, opening their eyes to a new world of possibilities.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 Welcome to RTSWS Session #1! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and favorite emoji Human Scavenger Hunt - BINGO Find another RTSWS student or volunteer who can answer “yes” to a BINGO square on the next page. You must have that person sign their name within the square. The object is to meet as many people as you can and fll a “BINGO!” (a complete line horizontally, vertically or diagonally). You can only use a person once to fll in a square. 1

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 12

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 RTSWS COHORT NORMS Our RTSWS cohort norms will help us decide the expectations for our sessions and the behaviors that will allow us to reach our goals. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • _________________________________________________________________________________________________________________________________________________________________________ As a cohort, briefy discuss what each norm means and what it looks like in action. 3

Submit

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In order to measure your growth and knowledge of fnancial and investment literacy over the course of the next 5 sessions, we are going to take a quick pre-assessment to establish your baseline. This is not graded. We just want to see what you already know, as it helps RTSWS better understand students’ prior knowledge. “I don’t know” is an option and we encourage you to answer in accordance. It is okay to say “I don’t know.”

At this time, we are going to begin the pre-assessment. During the pre-assessment, please remain silent so that other RTSWS students in your cohort can focus and do their best. When you are done with the pre-assessment, you will indicate you are complete to the volunteers by tilting your laptop screen down OR placing your phone upside down Login to your RTSWS App on your phone or a school computer: (app.rockthestreetwallstreet.com/ or use the QR code below) Click on the button labeled “Take the Pre-Assessment” You will have 7 minutes to complete the pre-assessment A RTSWS volunteer will let you know when there are 3 minutes remaining and when there is 1 minute remaining. At the end of the test, click “ ”

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 PRE-ASSESSMENT

This will not be shown to your school or any teachers. Just do your best!

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 LET’S GET Today’sSTARTED!GuidingQuestion: How are interest rates calculated and what are the diferences between simple interest and compound interest? SESSION #1 AGENDA 1. Welcome 2. Attendance 3. Human Scavenger Hunt - BINGO 4. Cohort Norms 5. Pre-Assessment 6. Simple vs. Compound Interest 7. Stock Market Review 8. Refection: Glows and Grows 9. Reminders for Next Session By the end of today’s session, we will be able to defne the concept of interest as it pertains to saving, investing and debt. . What do you think your largest purchase will be in your lifetime? What are ways in which people save enough money for these types of large purchases? 5 What do you call a marathonfor Accounts Payable Analysts? A settlement run Think About It!

For some of these larger purchases, you may choose to borrow money. Interest is also the cost of borrowing money.

The cost of borrowing money. In other words, you are paying a certain amount for the use of borrowing money. is expressed as a rate, such as 3%.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1

When you lend or invest money, a higher interest rate is better because it means you earn more. Whereas when you borrow money, a lower interest rate is better because it means you pay less.

KEY TERM: Interest 6

Interest

Interest is what accelerates the value of those long-term savings.

Long-term savings are essential in order to aford large purchases such as higher education, vehicles, homes and retirement savings.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 A set rate on the original amount lent to the borrower. The borrower will have to pay this interest. Example: If you borrow $1,000 (principal) with 10% interest annually, the interest owed will be $100 ($1,000 x 10% or .10 = $100). If you’ve paid nothing on the loan after one year you will owe $1,100. 7 SIMPLE INTEREST PRACTICE PROBLEM Find the simple interest and the total amount owed after 2 years. Principal = $2,100 Annual rate of interest = 11% Interest per year = ____________ Total interest (2 years) = Total amount owed after 2 years = Interest on both the principal (starting amount) and the interest paid on that loan. Example: If you borrow $1,000 (principal) with 10% interest compounded annually, you’d have $100 ($1,000 x 10% or .10 = $100) in interest in the 1st year. If you’ve paid nothing after 1 year, you will owe $1,100. But, after the 2nd year you will owe $1,210 ($1,210 = $1,100 x 0.10 or 10%) because now you have to pay 10% of $1,100 instead of just the principal of $1,100. COMPOUND INTEREST PRACTICE PROBLEM Find the compound interest and the total amount owed back after two years. Principal = $2,100 Annual rate of interest = 11% Interest in 1st year = __________________ Total amount owed after 1st year = Total interest in 2nd year = Total amount owed after 2 years = In which example do you owe more, simple interest or compound interest? KEY TERM: Simple Interest KEY TERM: Compound Interest

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 Another way to grow long-term savings is through INVESTING: INVESTING Buying assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will grow in value. Investments are usually used to achieve long-term goals. One common form of investing is purchasing stocks. 8 Additional Comparison of Simple and Compound Interest:

The collection of physical and electronic markets where buyers and sellers can trade shares. It is like a giant, global auction. Most trading happens through stock exchanges. The stock market is the sum of all individual stocks and when an individual stock moves, the market as a whole would also shift by a tiny Often,amount.thestock market will move up or down because of larger events going on in a certain country or around the world.

STOCK MARKET

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 9 STOCKS Stocks are shares (pieces) of ownership in a company.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 STOCK MARKET REVIEW & YAHOO! FINANCE Use Yahoo! Finance (https://fnance.yahoo.com/) to complete the following: Company: Apple Ticker: Ticker = A symbol by which stocks are identifed. Tickers are a few letters that distinguish a company’s shares in the stock market. Today’s Stock Price: Date: Up/Down: ( %) 6 Month Trend: x y 10

The Wall Street feld trip is a capstone experience where students are given a rare glimpse into corporate offce settings, the workplaces and work lives of fnanciers. The experience allows students to shadow female treasury offcers, wealth managers, analysts, comptrollers, accountants, entrepreneurs and more.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 11

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 GLOWS AND GROWS GLOWS What went well today? What did you LIKE about today’s session? List three “glows” below: 321 GROWS What can be improved on for the next session? What terms or ideas do we need to spend additional time on? List three “grows” below: 123 12

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… NOTES • Set up your own Yahoo! Finance watchlist using the instructions on the following pages. Ready for more? Check out the following pages for additional key terms, bonus articles and challenge activities. 13

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 YAHOO! FINANCE INSTRUCTIONS Want to create your own Yahoo! Finance login to begin creating your own watchlist of stocks to monitor? My Portfolio - The name for the Yahoo! Finance toolkit that enables you to follow the collected stocks you are interested in tracking. Once you establish stocks to follow through My Portfolio, you will have access to multiple analytics across Yahoo! Finance that will aford greater insight into the stocks you’re interested in. Watchlists - Follow Yahoo! Finance-curated watchlists of related companies, specifc markets or industry sectors. Get the Yahoo! Finance app on your smartphone and other mobile devices: INSTRUCTIONS:https://mobile.yahoo.com/fnance 1. Copy this link into your browser or go to Yahoo! Finance through Google search: https://fnance.yahoo.com/ 2. Click “Sign in” 3. Click “Create an Account” 4. Fill out all the required felds, including your frst and last name, username, password, birthday and mobile number 5. Click “Continue” 6. Enter the 5-digit verifcation code once you have received it. Click “Verify” and then “Continue” 7. Click “Done” 8. You’re all set When you click “Done,” you’ll navigate back to the Yahoo! Finance homepage where you can access your profle in the top-right corner www.fnance.yahoo.com 14

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 1 Add to Your Portfolio or Watchlist: 1. Click on “My Portfolio,” then “My Watchlist” then “Add Symbol” 2. Enter the tickers of any stocks you want to track (Example: AAPL for Apple) 3. If you don’t know the symbol, type in the company name and Yahoo! Finance will fnd the ticker for you 4. Stocks you select will appear in your watchlist Add To Your Portfolio: Apple (AAPL) SPY An ETF that tracks the S&P 500 (the 500 largest publicly-traded companies in the U.S.) Any other companies you are interested in tracking! 15 What did the nut say when it held up the bank? “Give me all the cashew have!”

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 Welcome to RTSWS Session #2! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and a hobby you enjoy outside of school RTSWS COHORT NORMS Let’s review our RTSWS cohort norms These are the expectations for our sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • ________________________________________________________________________________________________________________________________________________________________________ • ________________________________________________________________________________________________________________________________________________________________________ 16

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 LET’S GET STARTED! Today’s Guiding Question: What are the primary costs and expenses associated with college and what types of fnancial aid are available for college? SESSION #2 AGENDA: 1. Welcome 2. Norms 3. Attendance 4. College Expenses & Financial Aid 5. Stock Market Review 6. Project Work Time: College Financial Planning for Janella 7. Whole Group Refection 8. Reminders for Next Session By the end of today’s session, we will be able to identify the primary expenses for college and explore the types of fnancial aid available for college. 17 When does it rain money? When there is a “change” in the weather.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 218 7% of student loan borrowers are more than $100,000 in debt. The American Association of University Women (AAUW) estimates that women hold nearly two-thirds of all U.S. student loan debt Fig. 1 enlarged on next page Fig. 2 enlarged on next page Fig. 3 enlarged on following page Fig. 4 enlarged on following page Think About It! At the pace that student loan debt is growing, experts say that outstanding student loan debt could hit $3 trillion by 2035. On average, it takes people 17 years to pay of their education debt. Around 44 million Americans owe a combined $1.7 trillion for their education. Analyze and read through the diferent stats and graphs below. Circle or highlight 3 that are most surprising or stand out to you the most.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 19 Fig.Fig.1 2

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 220 Fig. What4 stands out to you the most about the above stats and data? Fig. 3

Room and Board

Anything else you will want to spend money on at school. This might include laundry, new clothes, your cell phone bill, eating out and entertainment.

Transportation The costs of traveling to and from your college. Transportation costs will vary based on where you choose to live and how far away your college is from home.

The price you pay for taking classes at that college. This price can vary based on how many credits you choose to take, if you choose an in-state or out-of-state college or if you choose a private or public college.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2

Why is College So Expensive?

While these are some of the most major college expenses, they don’t include all of the diferent costs you will face when choosing to go to college. Check out the graphic on the next page to learn about additional college expenses.

The price you pay for living and food expenses. If you choose to live on campus, this may include the cost of your dorm room and meal-plan. If you choose to live of campus, you will want to factor in your rent and meal costs.

When determining how much your college education is really going to cost, there are several diferent cost categories to consider.

Tuition and Fees

Personal Expenses

The cost of books and other materials that you need for your classes. The average full-time, undergraduate student at a 4-year public college pays $1,298 for books and supplies each year (collegeboard.org). In order to lower this cost, you may choose to purchase used textbooks or rent.

Books and Supplies

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SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 23 How Do People Pay for College?

Examples: Mortgage, car loan, home renovation or starting a business Borrowed funds that must be repaid with interest.

Student loans provided by the federal government typically have lower interest rates and more fexible repayment options than loans from private lenders. There are several types of student loans that students may qualify for based on their fnancial need.

There are two types of federal student loans, subsidized and unsubsidized. If you qualify, you will save more money and accrue less interest with subsidized loans.

Money, property or other material goods given to another party in exchange for future repayment of the loan value or principal amount, along with interest.

KEY TERM: Loans KEY TERM: Student Loans

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2

Athletic Scholarships - Awarded by collegiate sports teams to recruit talent to play for them

Types of Scholarships:

KEY TERM: Scholarships KEY TERM: Grants

Government Scholarships - From local, state or federal governments and the qualifcations, types and requirements vary

Need-based

Employer-Sponsored

Scholarships generally do not have to be repaid. They can come from state governments, corporations or non-profts. Often, the largest source of scholarships are those awarded directly from the college or university.

Merit Aid - Based on skills or academic accomplishments

Military Scholarships - For service in a branch of the U.S. armed forces. In some cases, military scholarships are extended to family members of those who serve

Identity-Based Scholarships - Typically awarded to underrepresented groups to encourage participation in programs and felds that tend to be homogeneous

24Merit-based

determined

Activity-Based Scholarships - Based upon students’ involvement with a profession, hobby or extracurricular activity such as a club or community service

Tuition Assistance - Provided by a company to support its employees education gift aid. Qualifcation for grants is based on a student’s fnancial need, as by the Free Application for Federal Student Aid (FAFSA) or the College Scholarship Service (CSS) Profle. Grants for college can come from the federal government, state governments or directly from the college or university.

Needs-Based Aid - Based on fnancial situation

gift aid. These can be based on accomplishments such as academic performance (grades or standardized test scores), artistic or athletic ability, leadership and community service.

KEY TERM: FAFSA (Free Application for Federal Student Aid)

KEY TERM: EFC (Expected Family Contribution)

the

Quick Stat: 1.7 million high school graduates didn’t fle the Free Application for Federal Student Aid in the 2020-21 school year. And just under half of them — about 813,000 students — were eligible for federal Pell Grants aimed at low-income students, according to a report by the College Attainment Network, a nonproft group that works on behalf of low-income minority students. The average grant, which doesn’t need to be repaid, would have been $4,500.”

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 25

almost

“ Roughly

and

National

organizations

The

year.

The form that the federal government, state government, colleges, universities and other use to award fnancial aid. The FAFSA should be completed by the required prior to each year of college, as fnancial aid is determined on a year-by-year basis. amount of money that a student’s family is expected to contribute to college costs for one Financial need is calculated as the diference between the cost of attending school and expected family contribution. The EFC considers family income, assets, size of current household and the number of family members currently enrolled in college.

deadline

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 226 STOCK MARKET REVIEW & YAHOO! FINANCE Investing in the stock market is one of the places people may choose to keep their money! Review Last Week’s Investment Key Terms: Stocks: Shares (pieces) of ownership in a company. Stock Market: The collection of physical and electronic markets where buyers and sellers can trade shares. It is like a giant, global auction. The stock market is the sum of all individual stocks and when an individual stock moves, the market as a whole would also move by a tiny amount. Ticker: The symbol by which stocks are identifed. Tickers are a few letters that distinguish a company’s shares in the stock market.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 27 STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: ( %) 6 Month Trend: x y

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 228 NEW INVESTMENT KEY TERM Mutual Fund: A professionally managed fund that pools lots of investors’ money in order to buy a basket of investments.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 29 ETF (Exchange Traded Fund): A collection of stocks and bonds (or other securities) pooled into a single fund. You can buy and sell shares of ETFs on a stock exchange the same way you buy and sell stocks. Although they are very similar to mutual funds, unlike mutual funds, you can trade ETFs throughout the trading day. NEW INVESTMENT KEY TERM

• Janella’s standardized test scores are in line with the national average: 21 on her ACT and 1060 on her SAT (EBRW + Math)

Janella’s current cumulative grade point average (GPA) is a 3.0

Janella’s Information:

• Janella is not sure if she would like to attend a public or private college or university and she has asked you to look into both

•

PROJECT: College Financial Planning for Janella Sims

Janella Sims, a 17-year old high school student, has hired your group to help with her college fnancial decisions. She has asked you to analyze the cost of two prospective colleges and the amount of student loan debt she will need to take on in order to decide which school is best for her fnancially. Task Below is the information she has provided you. You may use your phones, laptops or tablets to research the expenses and types of fnancial aid available at public and private colleges or universities using college and university websites.

• Janella’s family income is that of an average American family: $60,000

My Group Members:

You have been hired!

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 230

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 31 TO DO:  Using Janella’s information, research one public and one private college or university that Janella may be able to attend  Using the Janella’s College Research Organization Chart on the following page, begin to research the costs associated with each college.  During RTSWS session #5, you will present to the cohort and share which college you are recommending that Janella attend. Online Resources for Researching College Budgets Helpful websites to visit as you research college costs and ways to fnance those costs: BigFuture — The College Board https://bigfuture.collegeboard.org

Resource to help students plan and research colleges, choose a major and career, learn more about college costs, apply to colleges, adapt to campus life and more.

http://collegecost.ed.gov/net-price

Net price calculators are available on college and university websites. They allow prospective students to enter information about themselves to fnd out what students like them paid to attend that institution in the previous year, after taking grants and scholarship aid into account. You can fnd any specifc college or university’s net price calculator by visiting the website from the U.S. Department of Education and enter the name (or part of the name) of your desired school in the search box. Clicking on the search result will then take you to that institution’s net price calculator.

https://www.usnews.com/best-colleges

Allows students to search for key information about colleges and compare data such as fnancial aid, graduation rates, salaries after college, etc. News Education Expert advice, rankings and data on colleges and universities.

https://collegescoreboard.ed.gov

U.S.

Net Price Calculators

College Scorecard — U.S. Dept. of Education

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 232 Costs & Funding Sources Public College Private College A. Tuition (Full Time*, 2 Semesters) B. Room (Housing) C. Board (Meal Plan) D. Fees, Books, Etc. E. Personal Expenses F. Transportation G. Cost of Attendance (Sum of A-F) H. Scholarships I. Grants J. Loans K. Work-Study L. Estimated Net Cost (G - (Sum of H-K))** *Full Time is defned as 12+ credit hours **Janella is responsible to pay this amount per year of college (upfront or on a payment plan), in addition to any loans she may need to repay after college What did the bank teller say to the patron? “Bank you very much.” Janella’s College Research Organization Chart

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 33

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 What surprised you most about the college costs and expenses you learned about today? Whole Group Refection: What Surprised You? 34 RTSWS COMINGMENTORSHIPSPRINGSOON! What is the Spring Mentorship? You will be paired with a mentor that you will work with for all 5 sessions. You will work on resume writing, interview skills, self-advocacy, LinkedIn and skills for college and beyond. You can utilize your mentor to help you talk through university and career options as well! Enroll in the RTSWS app after session #5!

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… 35 Ready for more? Check out the following pages for additional key terms, bonus articles and challenge activities.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 BONUS36 SESSION 2 BONUS Bonus Key Terms

Financial Aid Package

Financial aid may include grants, loans, scholarships, work study or a combination of any of these.

The total amount of money the college or university determines a student requires in fnancial assistance. That amount is further broken down to refect scholarships, grants, loans and student jobs. Bursar

Who has student loan debt in America?

Public awareness of education debt is high amid debates over loan forgiveness. Critics of broad cancellation through presidential executive order say the policy would disproportionately beneft elites, while proponents say the student loan burden is far more nuanced.

ARTICLE

Financial Need

By Alyssa Fowers and Danielle Douglas-Gabriel • May 22, 2022 https://www.washingtonpost.com/education/2022/05/22/student-loan-borrowers/ Millions of Americans rely on the federal government to cover the cost of college. Education loans have existed for generations, but borrowing only really took of in the past two decades.

Schools may “bundle” a student’s fnancial aid into a package to show how much aid they qualify for and how much the student and family will need to contribute.

The university ofcial or the ofce where bills and fees are paid.

Soaring college costs, higher enrollment, changes to the federal lending system, labor market demand for credentials and paltry wage growth have all contributed to the $1.6 trillion in outstanding federal student debt. This does not include debt originated in the private market. The federal lending system, which originates the vast majority of student loans, is complex. There are many moving parts and many people whose lives it has touched.

Most student debt is held in large loans, but most borrowers have small loans. About 13% of federal student debt is held in loans with $20K or less still owed. About 1 in 5 Americans hold student loans. More than half of those 45 million people with federal student loans have $20,000 or less to pay, with about a third of all borrowers owing less than $10,000. Seven percent of people with federal debt owe more than $100,000.

Here’s how the debt shakes out

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 BONUS 37

Economists at the Federal Reserve say borrowers with the least amount of debt often have difculty repaying their loans, at times because they did not complete a degree. Conversely, people with the highest loan balances are often current on their payments likely because of their higher education levels and associated earning power, according to the Federal Reserve. Those higher balances account for nearly 40% of the $1.6 trillion in outstanding federal student loans. Bor rowing for graduate degree programs has been a primary driver of the growth in federal lending. Whereas borrowing for undergraduate degrees declined by $15 billion from the 2010-11 academic year to 2017-18, it increased for graduate programs by $2.3 billion during that period, according to the National Center for Education Statistics. Holds Student

Who

Debt?

Among the fastest-growing categories of student loan borrowers over the past two decades are Black students and people ages 50 and older, according to the most recent Federal Reserve data. The median income of households with student loans is $76,400, and 7% of borrowers are below the poverty line.

tudent debt is most prevalent among Americans aged 25 to 34. Sixty-seven percent of student loan borrowers are under 40, according to the New York Federal Reserve, but only 57% of balances are owed by those under 40. In other words, people with larger balances are more likely to be older likely due to borrowing for graduate school.

Although a majority of college students attend public two- and four-year institutions, about half of outstanding student debt is held by people who went to private schools. Among those private schools, for-proft colleges account for 17% of the debt while private nonproft universities account for another 34%. People who attended for-proft colleges were more likely to struggle to repay their loans than others, according to the Federal Reserve. Fed economists say high costs and low returns to for-proft enrollment generate worse student debt and repayment outcomes. They found more than one-fourth of borrowers who attended for-proft schools were behind on payments, compared with 10% who went to public institutions and 5% who attended private not-for-proft institutions. Where do borrowers live?

Where did the money go?

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 BONUS

Americans across the country are counted in the ranks of student loan borrowers, but there are some areas that have a concentration of people with high balances. Washington, D.C., takes the top seat, with the average federal student debt per borrower at $55,000, followed by Maryland at $43,000 and Georgia at $42,000.

Some states with high debt balances have a high proportion of residents with graduate degrees.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 2 BONUS

the department you are majoring in if they ofer scholarships. • How you apply for aid difers depending on the type of aid and who is ofering it. Check www.fafsa.gov for application deadlines For more information go to: www.studentaid.gov/understand-aid/types 39

Metropolitan Washington, for instance, is one of the most educated regions of the country. The District has the highest percentage of residents with advanced degrees, while Maryland has the third-highest, according to Census Bureau data.

also

EXTRA RESOURCE: Applying For Financial Aid HOW TO APPLY: • Apply for fnancial aid each year you plan to attend college, even if you think you won’t qualify. Complete the Free Application for Federal Student Aid (FAFSA) online at fafsa.gov. • For state fnancial aid, contact your state grant agency. You may be required to submit the FAFSA as well. • Apply for scholarships through the applicable agengy or school. You

Average debt loads can also be a consequence of state investment in higher education. States that prioritize funding public colleges and universities, such as California and New York, have relatively lower average debt per borrower, despite having among the largest numbers of people with student loans. should ask

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 Welcome to RTSWS Session #3! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and leader you look up to RTSWS COHORT NORMS Let’s review our RTSWS cohort norms These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and towards the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • ____________________________________________________________________________________ 40

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 LET’S GET STARTED! Today’s Guiding Questions: How does credit work? What are the key components that make up a credit score? SESSION #3 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. Understanding Credit 6. Stock Market Review 7. Project Work Time: College Financial Planning for Janella 8. Whole Group Refection 9. Reminders for Next Session STOCK MARKET REVIEW & YAHOO! FINANCE Review Last Week’s Investment Key Terms: Mutual Fund A professionally managed fund that pools lots of investors’ money in order to buy a basket of investments. ETF (Exchange Traded Fund): A collection of stocks and bonds (or other securities) pooled into a single fund. You can buy and sell shares of ETFs on a stock exchange the same way you buy and sell stocks. Although they’re very similar to mutual funds, unlike mutual funds, you can trade ETFs throughout the trading day. 41 What did the overworked asset say to the other asset? I feel so depreciatedunder

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 342 STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: ( %) 1 Month Trend: x y

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 43 S&P 500 (Standard & Poor’s 500 Index)

An index that tracks the stock price movements of the 500 largest U.S. publiclytraded companies. The S&P is one of the most watched stock market indexes and is considered one of the most important measures of how the U.S. stock market is performing. can’t invest directly in the S&P itself, but you can invest in exchange-traded funds (ETFs) that track the S&P. Let’s take a look at an example of an S&P 500 tracking ETF.

NEW INVESTMENT KEY TERM

You

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 344 SPDR S&P 500 ETF Trust Ticker: Today’s Stock Price: Date: Up/Down: ( %) YTD (Year to Date) Trend: x y SPY

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 45

“According to a 2019 survey by EVERFI and AIG Retirement Services, about one in every three recent high school graduates has at least one credit card. And among those students with credit cards, nearly a quarter (24%) already have more than $1,000 in credit card debt” (thebalance.com).

While credit cards ofer convenience, they can also pose risks to students.

UNDERSTANDING CREDIT

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 346

When you turn 18, you can qualify independently for a credit card or loan. At this point, you will become a prime target for lenders.

Credit card companies tend to target young adults when they arrive on college campuses.

Banks and credit card vendors will often give away gifts to incentivize students to sign up and make signing up for a credit card or loan very easy to do.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 47 A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date with consideration, generally interest. The three major credit reporting bureaus are Equifax, Experian and TransUnion. Credit is your fnancial reputation. KEY TERM: Credit

can include things like credit inquiries, open loans, credit cards, closed accounts, collections accounts and public records. KEY TERM: Credit Utilization Ratio KEY TERM: Credit Score KEY TERM: Credit Report

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 348 Why is Your Credit Important? • Lenders look at your credit in deciding whether to loan you money • Lenders and insurance companies use your credit to decide what interest rate to charge you • Landlords may look at your credit in deciding whether they should rent to you or not

The percentage of a borrower’s total available credit that is currently being utilized. This is a component used by credit reporting agencies in calculating a borrower’s credit score. Lowering the credit utilization ratio can help a borrower to improve their credit score. three-digit number on data in credit report that indicates how likely are to repay a loan on time in relation to other borrowers. report contains information that identifes and borrowing activity. This

How is Measured?

based

your

Credit

that

you

your

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 49 What Impacts My Credit?

Credit Utilization:

The second biggest infuence on your credit scores is credit utilization. Your utilization rate is the ratio between the total balance you owe and your total credit limit on all your revolving accounts. It afects 30% of your scores’ totals. A lower utilization rate results in better scores. Maxing out your credit cards or leaving part of your balance unpaid can hurt your scores, because it increases your utilization rate.

New Credit Inquiries:

The length of credit history is particularly important for young people. Unless you added your child as an authorized user on your credit card, he/she most likely won’t have a lengthy credit history to back up a credit application. Credit history accounts for 15% of most scores.

Payment History:

Mix of Accounts:

A smaller percentage (10%) of your scores comes from your mix of credit accounts. Having a good history with diferent types of credit, like revolving and non-revolving credit, may help improve your credit scores.

When you open a new line of credit, creditors will make an inquiry that stays on your report for two years. New credit inquiries account for the last 10% of your credit scores. While a few of these inquiries aren’t too impactful, it’s best to avoid continuously applying for new credit. It’s also important to note that soft inquiries are not counted towards this.

Payment history is one of the biggest infuencers on your credit scores. Payment history accounts for approximately 35% of most scores. A history of on-time payments is good for your credit scores, while missing payments has negative consequences.

Length of Credit History:

Begin to think about how your group wants to present: poster board, PowerPoint or just talking through the recommendation without any visual aid. Next session, your group will be given time to put together and fnalize your presentation. Today, you and your group will continue to work on Janella’s college fnancial planning. As you continue to research her college expenses and fnancial aid that may be available to her, you and your group will begin to prepare your recommendations for her fnancial planning.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 350 PROJECT: Financial Planning for Janella My Group Members: TO DO:  Continue to research and fll out Janella’s College Research Organization Chart from page 32.  During today’s session, specifcally focus on how much student loan debt Janella would take on in order to attend the colleges you are researching. Consider how this student loan debt and repayment of the debt might impact Janella’s credit score.  You and your group will begin to decide on your college recommendation for Janella. Which college do you recommend Janella attend and why? During session #5, you and your group will present your college recommendation to the group.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… Ready for more? Check the following pages for additional key terms, bonus articles and challenge activities. 51 WHOLE GROUP REFLECTION: What did you learn about credit? Return to the KWL chart on page 46 and complete the L (LEARN) column.

A person (parent, close family member or friend) who is responsible for paying back a loan if you fail to do so.

Credit Limit

FICO Score Fair Isaac Corporation; FICO score takes into account these 5 factors: payment history, current level of indebtedness, types of credit used, length of credit history and new credit accounts. Guarantor The individual responsible for paying a bill. Lender

The person or company a borrower owes money to. Principal The amount of debt, exclusive of interest, remaining on a loan.

Working to establish and maintain active credit accounts that are reported by creditor(s) to one or more of the major credit card bureaus.

The maximum dollar amount a borrower may charge on their credit account. Spending more than the credit limit may cause the lender to charge an overlimit fee and/or cancel account privileges. Delinquent The status of an account with a past due amount. Paying late or missing payments causes the account to become delinquent.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 BONUS52 SESSION 3 BONUS Bonus Key Co-SignerTerms:

Credit Building

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 3 BONUS 53 BONUS INFOGRAPHIC ON CREDIT SCORESScan QR to Enlarge Infographic:

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 Welcome to RTSWS Session #4! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and favorite beverage RTSWS COHORT NORMS Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and towards the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • _____________________________________________________________________________________ 54

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 LET’S GET STARTED! Today’s Guiding Question: Why is the return on investment for earning a degree important to consider when making college choices and decisions? SESSION #4 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. Stock Market Review 6. Return on Investment & Student Debt 7. Project Work Time: College Financial Planning for Janella 8. Whole Group Refection 9. Reminders for Next Session By the end of today’s session, we will be able to evaluate the cost of college and return on investment for earning a degree, while also navigating through the challenges women often face in paying down student loan debt. 55 When does it rain money? When there is a “change” in the weather.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 456 INDIVIDUAL STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: ( %) 12 Month Trend: x y STOCK MARKET REVIEW & YAHOO! FINANCE Review Last Week’s Investment Key Terms: S&P 500 (Standard & Poor’s 500 Index) An index that tracks the stock price movements of the 500 largest U.S. publicly traded companies. The S&P is one of the most watched stock market indexes and is considered one of the most important measures of how the U.S. stock market is performing.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 57 SPDR S&P 500 ETF Trust Company: SPY Today’s Stock Price: Date: Up/Down: ( %) 12 Month Trend: x y

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 In discussing how the stock market is performing, we might describe how volatile the market is. Stock Market Volatility The frequency and magnitude of stock price movements or whole market movements, up or down. The bigger and more frequent the price swings, the more volatile the market is said to be. NEW INVESTMENT KEY TERM

RTSWS GooptionsthroughyourandLinkedIninterviewYousessions.thatYouWhatCOMINGMENTORSHIPSPRINGSOON!istheSpringMentorship?willbepairedwithamentoryouwillworkwithforall5willworkonresumewriting,skills,self-advocacy,andskillsforuniversitybeyond.Youcanutilizementortohelpyoutalkuniversityandcareeraswell!totheRTSWSApptoEnroll!

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

The Wall Street feld trip is a capstone experience where students are given a rare glimpse into corporate ofce settings, the workplaces and work lives of fnanciers. The experience allows the students to shadow female treasury ofcers, wealth managers, manyentrepreneurscomptrollers,analysts,accountants,andmore.Forofourstudents,thisis their frst glimpse into the world of fnance, opening their eyes to a new world of possibilities.

Many students choose to attend college in order to gain the education they need to get the job they want or to earn a higher salary after college. However, the fnancial returns for college vary. How much money one makes after college can vary based on the college or university the student attends and the subject they choose to study. How can we measure the proftability of going to college?

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 460 Think About It! What are some of the reasons people choose to attend college?

NEW INVESTMENT KEY TERM

To calculate ROI, the beneft (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.

Return on Investment (ROI)

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 61

In analyzing the cost of college → ROI measures the increase in lifetime earnings a student can expect from a given degree, minus the direct and indirect costs of college.

For investing and the fnancial markets → ROI measures the proftability of an investment relative to its cost.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM • Georgetown’s Center on Education and the Workforce https://cew.georgetown.edu/ This website allows you to compare schools’ return on investment based upon degree, level, type and more. Georgetown includes a net present value calculation to determine where a school stands at 10, 15, 20, 30 and 40 years after enrollment. • PayScale https://www.payscale.com/ This website ofers a look at what you can expect to get paid for diferent jobs in various locations. Additionally, PayScale frequently puts out reports about the earnings you might expect, depending on what course of study you choose. • College Scorecard https://collegescorecard.ed.gov/ A resource to gather information on a college’s average annual cost (tuition and fees, as well as living expenses), expected salary range after completing, average graduation rate, percentage of students receiving federal loans, typical monthly loan payment and more. For more information on how to calculate the ROI of your college choice, see the bonus article on page 70. TOOLS TO CALCULATE COLLEGE ROI: SILVER STUDENT SESSION 4 Why is money called dough? Because we all knead it. 62

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 ARTICLE: AAUW: “Deeper in Debt: Women & Student Loans” (2021 Report) https://www.aauw.org/resources/research/deeper-in-debt/ AAUW’s 2021 Deeper in Debt report fnds: • Women hold an average of $31,276 in student debt, leaving them with a monthly loan payment of $307 the year after graduation. Given that women graduating with a bachelor’s degree expect to earn an average of $35,338—only 81% of what men anticipate earning—meeting that loan obligation is challenging at best. • One year after college, women spend an average of $920 per month on housing, $396 per month on a car loan and, for the 16% of women who are moms, $520 on childcare, the report fnds. Adding in that $307 student loan payment makes it difcult—if not downright impossible—to make ends meet. 63

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 464

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 65 MORE ON STUDENT LOANS

KEY TERM:

A Federal Direct loan ofered by the U.S. Department of Education based on fnancial need as determined by a student's FAFSA. Subsidized loans are only available to undergraduate students, and the government does not usually charge interest while the borrower is in school at least half-time, for the frst six months after leaving school.

2. What major and/or career is Janella considering? My Group Members:

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 466 PROJECT: College Financial Planning for Janella TO DO:  Move back into your fnancial planning groups.  Use the organization chart provided to summarize your college research and recommendations for Janella.  During the next session, you and your group will present your college recommendation for Janella to the cohort. PLAN and ORGANIZE how you will present to the group: You may choose to make a poster, PowerPoint, or just prepare to talk through your research and recommendations without a visual aid. Gather with your group to review Janella’s prospective college choices. Take into consideration what you’ve learned about credit, student loan debt and ROIs, and answer the following questions: 1. What were the primary reasons for selecting the two colleges your group researched for Janella?

Based on her starting salary, what amount of student loan debt is reasonable for Janella, if she follows the rule of thumb that her student loan payments should not exceed 10% of her take home pay? You may use Nerdwallet to look up salaries and calculate her monthly payments.

https://www.nerdwallet.com/blog/loans/student-loans/is-college-worth-it/ Compare the ROI for each of the colleges that Janella is considering. Which provides a better ROI for Janella’s education?

Use PayScale’s research to identify the starting salary for a college graduate with the degree your group has identifed. Be sure to review starting (not average) salary and location due to varying costs of living. The PayScale webpage is found at: https://www.payscale.com/research/US/Degree

4. How much student loan debt is Janella expecting to take to help fnance four years of college?

https://www.payscale.com/college-roi

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 67 3. How much can she expect to make in her frst year of employment after earning her degree?

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 BONUS68 6. Given the estimated cost for Janella to attend either school, which would you recommend she attend? Why? How do you recommend she fnance her education? Are there additional opportunities for scholarships based on a change in her standardized test scores, major, etc.?

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 BONUS 69 WHOLE GROUP REFLECTION What is something new that you learned today? REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… •Be sure you are signed up for the RTSWS Wall Street experience feld trip! NOTES

In situations like those, it makes you wonder how people will ever “get ahead” and enjoy the type of lifestyle they hoped for when they applied for college in the frst place. For many, the only answer is hoping and praying for some kind of student loan forgiveness plan, applying for existing plans like Public Service Loan Forgiveness (PSLF), or making payments on an income-driven repayment plan for 20 to 25 years before having their remaining loan balances forgiven.

Of course, you’ll also want to take into account any scholarships you might have qualifed for, as well as grants or planned participation in a work-study program. Either way, you should run some basic numbers to see how much you might pay for school.

Robert Farrington, Feb 23, 2021 Student loan debt has become a $1.7 trillion dollar problem according to Federal Reserve data, and it’s one with enormous economic costs. After all, the average borrower with crushing student debt often has trouble saving up for their frst home or investing for retirement due to their monthly loan obligation, which will likely last a decade or longer. And of course, the problem is magnifed for those who have six fgures in debt and a career that pays $30,000 or $40,000, which is actually a lot more common than one might think.

The frst step in calculating the ROI of your college career is fguring out which school you’re going to attend and how much it will cost. You will need to fll out the Free Application for Federal Student Aid (FAFSA) to fnd out your Expected Family Contribution (EFC) for college as well, but you can make the process easier by researching college tuition and fees ahead of time.

Most of the time, attending a public college or university is going to give you the best bang for your buck. And once you have earned your degree and entered the working world, nobody cares whether you got it from a prestigious private institution or your state university system.

Given students around the country are making that choice right now, here’s how to think about the math of paying for college. Calculating College Costs

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 4 BONUS70 SESSION 4 BONUS How To Calculate The ROI Of Your College Choice

Fortunately, future college students don’t have to create a lifestyle where student debt crushes their dreams and hinders all their future plans. If you take the time to calculate the return-on-investment (ROI) of your college and degree choice ahead of time, you will wind up signifcantly better of.

Also consider the prospect of attending community college frst then transferring to a public, fouryear school. Doing so can help you pay less than half while you take basic classes toward your degree, and you might be able to attend in-person or online while you live at home, thus cutting your costs even further.

Next, you’ll want to compare how much you’ll pay for school to how much you’ll earn. Fortunately, the internet is a treasure trove when it comes to researching average salaries for careers around the country.

Compare Potential Careers And Salaries Ahead Of Time

For example, you can fnd out that graphic designers earned a median annual wage of $52,110 nationally as of May 2019, compared to the median annual wage of $39,810 nationally for all occupations combined.

The numbers don’t lie. According to fgures from CollegeBoard, the average tuition and fees for a public, in-state institution worked out to $10,560 nationwide for the 2020-21 academic year.

While community college tuition and fees can vary, the average cost according to CollegeBoard worked out to $3,770 for public, two-year institutions for the 2020-21 school year.

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Let’s say you live in the state of New York and you plan to pursue a career in education. In that case, you could attend a State University of New York (SUNY) institution for $7,070 per year in tuition and $1,740 in student fees. However, in-state residents who qualify for an Excelsior Scholarship can see their tuition costs drop to $0.

On the fip side, you can earn an education degree at a private school like Ithaca College instead and plan for a sticker price of $46,610 in tuition per year. While you might get more aid to attend, you should take the time to determine the actual cost of earning your degree at diferent institutions you’re considering. In almost every case, a public, in-state college will leave you with lower costs overall.

Meanwhile, tuition and fees at private nonproft four-year institutions worked out to $37,650.

For example, the Bureau of Labor Statistics ofers an Occupational Outlook Handbook with career and salary data for almost all major professions. Using this tool, you can fnd out how much the average worker earns in any profession you’re considering, and you can even dig one level deeper to fnd salary data for diferent regions of the country.

However, you can also fnd that the bottom 10% of earners in this career brought in just $30,810 in 2019, and that the top 10% of earners received an average annual wage of $89,210.

Look even closer and you’ll fnd the top paying states and districts for this profession were Washington D.C. ($79,450), Washington ($72,200), and Massachusetts ($68,170) at last count. The Occupational Employment Statistics component of the BLS even lets you break down average wages by metropolitan area.

This kind of information can be incredibly useful as you determine the return-on-investment for your degree and college of choice. If you could pay $50,000 or $200,000 in tuition and fees to become a graphic designer and you’ll probably earn a little over $50,000 per year on average, wouldn’t you pay the least amount of money possible?

Most people absolutely would, but only if they searched for this information and ran the numbers ahead of time. As you run through diferent scenarios, also remember to use websites like Salary.com and Glassdoor.com to compare wage data for diferent careers.

No matter what, don’t listen to the people who say to “follow your college dreams” no matter the price tag. When it comes to the cost of higher education, return-on-investment matters almost more than anything else.

Don’t Leave Your Future To Chance

Don’t spend six fgures to earn a degree that can cost a fraction of that elsewhere — especially if you don’t have to. Also, take the time to research future salaries for careers you’re considering. You may fnd the career you’re planning will never fund the lifestyle you hope to have, but you’ll never know unless you dive into the data and check.

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Student loan debt has become a national crisis, and it remains to be seen if ideas like student loan forgiveness or free college will ever come to fruition. In the meantime, all any of us can do is make sure our decisions on higher education have data to back them up.

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Credit A contractual agreement in which a borrower receives something of value now and agrees to repay the lender at some later date with consideration, generally interest. The three major credit reporting bureaus are Equifax, Experian and TransUnion.

KEY TERMS GLOSSARY 74

Credit Report

Bond A bond is a low-risk debt investment, similar to an IOU, which is issued by companies, municipalities, states and governments to fund projects. When you purchase a bond, you are lending money to one of these entities (known as the issuer). In exchange for the “loan,” the bond issuer pays interest for the life of the bond, and returns the face value of the bond at ma turity. Bonds are issued for a specifc period at a fxed interest rate. Each bond type involves varying degrees of risk, as well as returns and maturity periods. It’s important to note that bonds have an inverse relationship to interest rate. When interest rates rise, bond prices fall, and vice-versa.

Compound Interest

Compound interest is interest on both the principal (starting amount of the loan) and the compounding interest paid on that loan. Example: If you borrow $1,000 (principal) with 10% interest compounded annually. 10% of $1,000 = $100. If you’ve paid nothing on the loan after one year you will owe $1,100. But after the second year you will owe $1,210 because you now have to pay 10% of $1,100 instead of just the principal of $1,000.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT KEY TERMS GLOSSARY

Credit Score A credit score is a three-digit number based on data in your credit report that indicates how likely you are to repay a loan on time in relation to other borrowers.

A credit report contains information that identifes you and your borrowing activity. This can include things like credit inquiries, open loans, credit cards, closed accounts, collections accounts and public records.

Credit Utilization Ratio

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT KEY TERMS GLOSSARY

EFC — Expected Family Contribution

This is the form the federal government, state government, colleges and universities and other organizations use to award fnancial aid. The FAFSA should be completed by the required deadline prior to each year of college, as fnancial aid is determined on a year-by-year basis.

Grants are need-based gift aid. Qualifcation for grants is based on a student’s fnancial need, as determined by the FAFSA or CSS Profle. Grants for college can come from the federal government, state governments and directly from the college or university.

Infation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Infation can be viewed positively or negatively depending on the individual viewpoint and rate of change. Those with tangible assets, like property or stocked commodities, may like to see some infation as that raises the value of their assets. People holding cash may not like infation, as it erodes the value of their cash holdings. Ideally, an optimum level of infation is required to promote spending to a certain extent instead of saving, thereby nurturing economic growth.

Examples: mortgage, car loan, home renovation, starting a business.

An exchange-traded fund (ETF) is a collection of securities—such as stocks— that tracks an underlying index. The best-known example is the SPDR S&P 500 ETF (SPY), which tracks the S&P 500 Index. ETFs can contain many types of investments, including stocks, commodities, bonds, or a mixture of investment types. An exchange-traded fund is a marketable security, meaning it has an associated price that allows it to be easily bought and sold. The price of an ETF’s shares will change throughout the trading day as the shares are bought and sold on the market.

FAFSA — Free Application for Federal Student Aid

This is the amount of money that a student’s family is expected to contribute to college costs for one year. Financial need is calculated as the diference between the cost of attending school and the expected family contribution. The EFC considers family income, assets, size of current household and the number of family members currently enrolled in college.

Exchange Traded Fund (ETF)

Loan A loan is money, property or other material goods given to another party in exchange for future repayment of the loan value or principal amount, along with interest or fnance charges.

Grants

Infation

Stock market volatility in the simplest sense, measures fuctuations in stock prices. Low volatility means small fuctuations and high volatility means large fuctuations. Low volatility can be interpreted as investors being complacent, not worried. High volatility implies an element of fear in investors’ current attitudes.

A performance measure used to evaluate the efciency of an investment or compare the efciency of a number of diferent investments. ROI tries to directly measure the amount of return on a particular investment, relative to the investment’s cost. To calculate ROI, the beneft (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio.

Subsidized Loan

Simple Interest Interest is the charge for the privilege of borrowing money in other words, you are paying a certain amount for the use of money. Simple interest is a set rate on the principal originally lent to the borrower that the borrower has to pay for the ability to use the money. Example: If you borrow $1,000 (principal) with 10% interest annually. 10% of $1,000 = $100. If you’ve paid nothing on the loan after one year you will owe $1,100. Each year the amount you pay will only go up by the fxed amount of $100.

Student Loans

This is a Federal Direct loan ofered by the U.S. Department of Education based on fnancial need as determined by a student’s FAFSA. Subsidized loans are only available to undergraduate students, and the government does not usually charge interest while the borrower is in school at least half-time, for the frst six months after leaving school.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

Scholarships

Scholarships can come from state governments, corporations, non-profts. Often the largest source of scholarships are those awarded directly from the college or university.

Stock A share of ownership in a business or corporation. Companies sell shares as a way to raise capital.

Student loans are borrowed funds that must be repaid with interest. Student loans provided by the federal government typically have lower interest rates and more fexible repayment options than loans from private lenders, and there are several types that students may qualify for based on their fnancial need.

Return on Investment (ROI)

Stock Market Volatility

Scholarships are merit-based gift aid. These can be based on accomplishments such as academic performance (grades or standardized test scores), artistic or athletic ability, leadership and community service. Scholarships (with rare exception) do not have to be repaid.

SILVER STUDENT KEY TERMS GLOSSARY76

A type of Federal Direct loan ofered by the U.S. Department of Education available to undergraduate or graduate students regardless of income or fnancial need. The government charges interest from the time the loan is disbursed through the life of the loan, with few exceptions. Work Study Federal Work-Study provides part-time jobs for undergraduate and graduate students with fnancial need, as a way to help them pay for education expenses while enrolled. Work-study eligibility is based on the student’s FAFSA and is administered by schools that participate in the Federal Work-Study Program

Unsubsidized Loan

SILVER STUDENT KEY TERMS GLOSSARY 77

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SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 578 Welcome to RTSWS Session #5! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and if you could choose anywhere in the world to live, where it would be RTSWS COHORT NORMS Let’s review our RTSWS cohort norms These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and towards the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • ____________________________________________________________________________________

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 79 LET’S GET STARTED! Today’s Guiding Question: What are the primary expenses and fnancial aid options to consider when planning for college? SESSION #5 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. Stock Market Review 6. Post-Assessment 7. Group Presentation Prep Time 8. Presentations 9. Whole Group Refection 10. Field Trip & Spring Mentorship Reminders STOCK MARKET REVIEW & YAHOO! FINANCE Review Last Week’s Investment Key Term: Stock Market Volatility The frequency and magnitude of stock price movements or whole market movements, up or down. The bigger and more frequent the price swings, the more volatile the market is said to be. How might current world events be afecting stock market volatility today? Where do accountants go during a storm? A tax shelter.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 580 INDIVIDUAL STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: ( %) 12 Month Trend: x y

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 81 SPDR S&P 500 ETF Trust Company: SPY Today’s Stock Price: Date: Up/Down: ( %) 12 Month Trend: x y SILVER STUDENT SESSION 5

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SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 582

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In order to measure your growth and knowledge of fnancial and investment literacy from the RTSWS sessions, are going to take a quick post-assessment to see how much learned! is not graded just want to know how much your fnancial and investment literacy has grown during RTSWS. will not be shown to your school or any teachers. Just do your best and take a guess if you do not know an answer! this time, are going to begin the post-assessment. the post-assessment, please remain silent so that other RTSWS students in your cohort can focus and do their best. you are done with the post-assessment, you will indicate you are complete to the volunteers by tilting your laptop screen down OR placing your phone upside down Login to your RTSWS App on your phone or a school computer: or us the QR code below) Click on the button labeled “Take the Post-Assessment” You will have 7 minutes to complete the post-assessment RTSWS volunteer will let you know when there are 3 minutes remaining and when there is 1 minute remaining. At the end of the test, click “

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SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 83 GROUP PRESENTATION PREP TIME Each student group will present for 3-5 minutes Public College Researched & Key Findings: • Positives of this college • Negatives of this college • Total estimated cost of attending • Largest cost • Opportunities for fnancial aid (scholarships, grants, work study?) • Estimated net cost of attending Private College Researched & Key Findings: • Positives of this college • Negatives of this college • Total estimated cost of attending • Largest cost • Opportunities for fnancial aid (scholarships, grants, work study?) • Estimated net cost of attending College the group is recommending to Janella: • What major is the group recommending Janella study and why? • What is the ROI for this college? • What were the primary considerations in choosing this college? Students not presenting will take notes on the summaries of the presenting groups. 1. Move back into your college fnancial planning groups. 2. Use the organization chart below to summarize your college research and recommendations for Janella. 3. Decide as a group who will present which pieces of the research and recommendations. 4. Prepare to present to your RTSWS cohort for 3-5 minutes. Each group member should be assigned a diferent section to present. COLLEGE FINANCIAL PLANNING PRESENTATIONS:

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 Directions andJanellatorecommendingaretheymajorandcollegetheofnotemakepresenting,aregroupsotherWhile:recommendationthismakingaretheyreasonsprimarythe 84 .

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 WHOLE GROUP REFLECTION From the presentations today, did any colleges stand out to you that you may be interested in looking into? REMINDERS FOR FIELD TRIP The RTSWS FIELD TRIP is… Date: ___________________________________________ Time: __________________________ Prepare a question about the fnance industry to ask during the feld trip! RTSWS SPRING MENTORSHIP COMING SOON! What is the Spring Mentorship? You will be paired with a mentor that you will work with for all 5 sessions. You will work on resume writing, interview skills, self-advocacy, LinkedIn and skills for college and beyond. You can utilize your mentor to help you talk through college and career options as well! How to enroll for RTSWS Spring Mentorship? Go to the RTSWS App to Enroll! Login to your RTSWS app and click “Enroll for Spring Mentorship.” 85

business

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 BONUS SESSION 5 BONUS Finance Financial Planning & Services Banking & Financial Support Services Investments & Securities Public Finance International Finance Financial Risk Management MBA Business FinTech Economics Accounting Financial Engineering Engineering/Mathematics/Statistics/Physics Computer Science/Information Technology Corporate Business/Law If you’re intrigued by the fnancial markets, stocks, bonds, and other investment vehicles, and you also like to think about numbers, then a fnance major is worth considering. If you’re a student or recent graduate, your fnance skills will help you get hired for these professions. Read on to learn about some of the top jobs for college graduates with a fnance degree.

They learn to present fnancial information to List of Finance & Financial Management Degree Options ARTICLE Best Jobs for Graduates With a Finance Degree Career Options for Finance Majors BY MIKE PROFITA Updated on March 15, 2021 86

Top Skills Finance Majors Have Finance majors develop analytical skills in order to dissect fnancial statements and appraise the standing of other can assess the quantitative and qualitative dimensions of problems and evaluate the fnancial implications of with a degree in fnance also acquire the ability to deal with spreadsheets and with other software used to process and represent data.

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Top 10 Jobs for Finance Majors

Financial planners must crunch numbers and apply principles of accounting in order to devise plans suitable for individual investors. They also need to inspire trust in people and promote their services. Therefore, fnance majors with strong interpersonal skills and persuasive abilities will be most likely to succeed in this profession.

3. Investor Relations Associate Finance majors with strong writing, organizational, and communication skills can thrive in this role. Investor relations professionals prepare and present fnancial information about their company or corporate clients to investors, analysts, and business media. Investor relations professionals must digest, interpret, highlight, and present information from fnancial statements.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 BONUS clients and colleagues with varying levels of fnancial sophistication. An academic background in fnance can be applied to a broad range of careers in virtually every industry. Before arriving at a fnal career direction, consider your unique combination of skills, interests, values, and personality traits.

2. Financial Analyst Financial analysts research stocks, bonds, companies, and industries to assist bankers, investors, and corporate fnance ofcers with mergers, acquisitions, and stock/bond oferings, as well as corporate expansions and restructuring. They can capitalize on their fnance major training as they dissect fnancial statements and other fnancial data.

1. Financial Planner Finance majors learn about a variety of investment vehicles, and this knowledge can help fnancial planners to advise clients about how to manage their fnances. Finance majors can decipher trends in the securities markets and apply this perspective to their planning sessions.

Best jobs for fnance degree majors

Salary and Employment Outlook: According to the Bureau of Labor Statistics (BLS), personal fnancial advisors earn an average salary of $87,850, and jobs are predicted to expand at a rate of 4% through 2029.

Financial analysts build fnancial models and conduct complex quantitative analyses. Financial analysts also produce reports detailing their fndings and present their analyses to other members of the banking or fnance team.

Here are some options to consider as you explore careers related to a fnance degree.

Salary and Employment Outlook: According to the BLS, fnancial analysts earn an average salary of $81,590, and jobs are predicted to grow at a faster than average rate of 5% through 2029.

Budget analysts must have refned communication skills because they interview managers in order to gather information for proposals. They also train staf regarding the budget development processes for their organization. Finance majors develop the essential analytical and communication skills needed to become a successful budget analyst.

Entry-level accounting jobs can be gateway jobs leading to corporate fnancial management positions, or leadership positions with non-profts and government agencies.

Salary and Employment Outlook: According to the BLS, budget analysts earn an average of $76,540, and jobs are predicted to grow by about 3% through 2029.

4. Budget Analyst Budget analysts apply principles of fnance to projects and proposals in the business, educational, governmental, and not-for-proft sectors. They analyze budgets and evaluate the fnancial impact of continuing ventures and new ventures.

5. Actuary Actuaries play a leadership role in fnancially oriented businesses such as insurance, banking, rating agencies, and accounting frms. The fnance graduate with strong mathematical skills is ideally positioned to calculate the likelihood of various events and to assess the fnancial consequences for those outcomes.

Students of fnance develop a number of accountancy skills as they learn to analyze business problems with precision and attention to detail, which prepares them for the world of accounting. Just like accountants, fnance majors learn to present fnancial information to clients and colleagues by using charts, graphs, and other visual aids.

Salary and Employment Outlook: According to the BLS, accountants earn an average salary of $71,550, and jobs are predicted to grow at a rate of 4% through 2029. 88

Employment Outlook: According to PayScale, early-career investor relations associates earn an average salary of $61,076.

Salaryprocess.and

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 BONUS

The analytical and software tools developed through their fnance major training facilitate this

Just like the fnance major, actuaries manipulate software to perform calculations and represent their fndings. They present their recommendations to managers at their frm and convince others of the soundness of their decisions.

Salary and Employment Outlook: According to the BLS, actuaries earn an average salary of $108,350, and jobs are predicted to grow at a much faster than average rate of 19% through 2029.

6. Accountant Finance majors learn to construct, interpret, and critique fnancial statements while completing the accounting component of their studies. Thus, they become capable of carrying out complex accounting work in fnancially oriented industries.

Salary: According to PayScale, commercial real estate agents earn an average salary of about $42,500.

Salary: According to the BLS, credit analysts earn a median salary of $73,650.

8. Attorney Lawyers in many areas of practice, including divorce, product liability, civil litigation, corporate, labor, and securities law, beneft from a knowledge of fnance. Attorneys who investigate fnancial irregularities must read and understand fnancial statements. Lawyers in civil cases need the skills to estimate appropriate compensation for settlements. Research and analytical skills developed by fnance majors enable attorneys to prepare their cases. Presentation skills and knowledge of presentation software help attorneys to deliver arguments and prepare exhibits.

Credit analysts evaluate the fnancial standing of loan prospects and assess the risks involved with ofering them fnancing. Finance majors learn to appraise the fnancial viability of entities and interpret their fnancial records and data. The investigative mindset of a fnance major would enable the credit analyst to scrutinize the legitimacy of fnancial information furnished by clients.

Finance majors analyze trends in industries that can impact the ability of organizations to generate the income necessary to repay loans. They have the communication skills necessary for credit analysts to extract information from prospective clients and convey their analyses to colleagues.

7. Credit Analyst

Salary and Employment Outlook: According to the BLS, lawyers earn an average salary of $122,960, and jobs are predicted to grow by about 4% through 2029.

9. Commercial Real Estate Agent Finance majors with strong verbal skills and a sales orientation should consider a career as a commercial real estate agent. Commercial real estate agents analyze the business plans and fnancial status of clients in order to recommend appropriate spaces for their enterprises. When listing a property, brokers must estimate the value of the property based on its fnancial potential for prospective buyers. Agents advise clients about options for fnancing property acquisitions and launching new businesses.

Finance majors with a curiosity about the business world and an enthusiasm for business issues are well suited for this role. Individuals who earn advanced degrees in business can also pursue teaching jobs at junior and four-year colleges.

Salary: According to PayScale, business teachers earn an average salary of $41,654. 89

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SILVER STUDENT SESSION 5 BONUS

10. Business Teacher Finance majors hone the communication and presentation skills that are essential to the teaching profession. Business teachers tap a broad knowledge of business as they instruct high school students about the fundamentals of accounting, management, marketing, and investments.

SILVER STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 90 WEBSITES Rock The Street, Wall Street website • www.rockthestreetwallstreet.com Rock The Street, Wall Street LinkedIn Page • www.linkedin.com/company/rock-the-street-wall-street RTSWS Internship & Job Portal • www.rockthestreetwallstreet.com/internship-job-portal Career Girls • www.careergirls.org Girls Who Invest • www.girlswhoinvest.org Napkin Finance • www.napkinfnance.com Investopedia • www.investopedia.com Yahoo! Finance • fnance.yahoo.com The College Investor • www.thecollegeinvestor.com/audio-show PODCASTS The Fairer Cents: Women, Money and the Fight to Break Even • www.thefairercents.com NPR’s Planet Money • www.npr.org/sections/money HERMONEY • www.hermoney.com/t/podcasts Money Nerds • www.themoneynerds.com So Money with Farnoosh Torabi • www.podcast.farnoosh.tv GOVERNMENT Janet Yellen • www.home.treasury.gov/about/general-information/ofcials/janet-yellen Gender Policy Council • www.whitehouse.gov/gpc Women in Public Finance • www.wpfc.com/ RESOURCES SILVER STUDENT RESOURCES

MAKE SURE YOU DO THE FOLLOWING: • Register for RTSWS Spring Mentorship * Share with us any job shadowing / internship opportunities or job ofers you may receive. Whether it is this year or any following years, we always want to share in your success! • Join the Rock The Street, Wall Street Student and Financial Pro Networking Group | www.linkedin.com/groups/7029520/ • Check out our RTSWS Internship & Job Portal www.rockthestreetwallstreet.com/internship-job-portal • Check out resources on our RTSWS Connects page for students and alumnae | rockthestreetwallstreet.com/students-alumnae/ • Tell us your Student Story! We want to hear from you! Email us at: programs2@rockthestreetwallstreet.com CONGRATS! You successfully completed the Rock The Street, Wall Street Program! GIRLSROCKFINANCE

RTSWS SILVER STUDENT CURRICULUM 2022

Articles inside

Session #5 BONUS

Agenda

Welcome & Norms

Group Presentations

Post-Assessment

Session #2 BONUS

Key Terms Glossary

PROJECT: College Financial Planning for Janella

New Investment Key Terms

Agenda

Welcome & Norms

Session #3 BONUS

Group Reflection

Session #2 BONUS

Welcome & Norms

Project: College Financial Planning for Janella

Whole Group Reflection

Welcome & Norms

Yahoo! Finance Instructions

Pre-Assessment

Agenda

BINGO

New Investment Key Terms

Key Terms

Key Terms