https://docs.google.com/spreadsheets/d/1VYv_wDbwGXdsqjrvzXPV4iVbUlJPfTWztm5KCArRkCU/edit?usp=sharing
For Reference - Discussion Prompt 1 and Link:
https://docs.google.com/document/d/16SSIyqcBFm3PM9ZlhWKjt6mYVBWC3P4LeHB0x53d7k8/edit?usp=sharing
Discussion Topic: What does this mean?
Assignment: In this module you learned how predatory lenders use unclear or confusing language to hide the true cost of a loan. Now, imagine you're helping a friend review the following paragraph from a loan agreement. Read the text below and create a post on the discussion board explaining what is really being communicated and point out which red flags stood out to you.
To earn full credit, make sure to review and reply to at least two of your peers' posts with your thoughts/feedback.
This loan agreement spanning 36 months initiates with a promotional APR of 5.0% for the first 8 periods of the fiscal year. Upon the conclusion of this initial term, the introductory interest rate will transition to a variable standard rate, which is calculated based on the prevailing prime rate plus an additional margin of three hundred basis points, subject to a semi-annual review. In the event that the final day of the 18th month of the loan term coincides with a full moon, to be verified through a celestial authority, and results in a subsequent awakening of lycans, where at minimum two sightings are confirmed through trusted news sources, an interest rate adjustment of an additional 10% shall incur for the next month. Furthermore, any premature loan settlement prior to the 25th month will incur a mandatory prepayment fee, equivalent to either a flat three percent 13% of the outstanding principal balance or the sum of the remaining interest payments due over the following six months, whichever amount is greater.
For Reference - Assignment Prompt and Link:
https://docs.google.com/document/d/1LE44LExhwbIjXTfn2nFHuFRz-BPk_Z2yq79WrucXSYs/edit?usp=sharing
Video link: https://youtu.be/FOrLCuOJpDg?si=I8mGlgu-wrbq99xG
Assignment Topic: Video Analysis
Assignment: In this module you learned how predatory lenders use unclear or confusing language to hide the true cost of a loan. For this assignment, you will watch a short engaging video on predatory lending. As you watch, pay close attention to the characters and the situations presented.
In a paragraph, your task is to identify and explain at least three red flags that are shown or mentioned in the video and share what other real-life examples of these red flags you have seen.
To earn full credit, make sure to review and reply to at least two of your peers' posts with your thoughts/feedback.
Having seen rubrics my entire academic career, I assumed this exercise would be easy. However, I found the process of translating learning goals into measurable outcomes to be a little challenging. The process highlighted the distinct functions of the discussion and assignment activities; one designed to foster collaborative skills and community, and the other to assess the individual application of knowledge. I think these rubrics are a good grading tools, but even more so, serve as critical diagnostic instruments. Analyzing the aggregate data from learner submissions can identify exactly where the course may be falling short. This data-driven feedback loop is essential for continually refining the learning experience and ensuring the course remains effective and engaging for future students.