TEKS 111.28(b)(12)(G)
estimate the cost of a two-year and four-year college education, including family contribution, and devise a periodic savings plan for accumulating the money needed to contribute to the total cost of attendance for at least the first year of college.
Source: Texas Administrative Code §111.28 (Chapter 111) · Adopted 2012
Knowledge & Skills 111.28(b)(12)
Personal financial literacy
The student applies mathematical process standards to develop an economic way of thinking and problem solving useful in one's life as a knowledgeable consumer and investor. The student is expected to:
Animated lesson for this standard — coming soon
Shrutam is building free, screen-reader-friendly animated lessons for every TEKS standard. This page documents the standard text from the Texas Administrative Code so teachers, parents, and students can find exactly what students are expected to learn under TEKS 111.28(b)(12)(G).
Other expectations under 111.28(b)(12)
- TEKS 111.28(b)(12)(A) solve real-world problems comparing how interest rate and loan length affect the cost of credit;
- TEKS 111.28(b)(12)(B) calculate the total cost of repaying a loan, including credit cards and easy access loans, under various rates of interest and over different periods using an online calculator;
- TEKS 111.28(b)(12)(C) explain how small amounts of money invested regularly, including money saved for college and retirement, grow over time;
- TEKS 111.28(b)(12)(D) calculate and compare simple interest and compound interest earnings;
- TEKS 111.28(b)(12)(E) identify and explain the advantages and disadvantages of different payment methods;
- TEKS 111.28(b)(12)(F) analyze situations to determine if they represent financially responsible decisions and identify the benefits of financial responsibility and the costs of financial irresponsibilit…