Assessment

Assessment is a key indicator that determines whether an individual has met the learning goals. For this voluntary, self-paced online tutorial, assessments directly tied to the stated objectives are used. The assessments help learners confirm their understanding of the information and highlight the learner’s ability to apply the new knowledge to real-life scenarios, a learning priority for Gen Z and Millenials.

The assessments, which are objective in nature, are varied and include multiple choice questions; true false questions; pick-one questions; moving a gauge (to correctly identify a range); and classifying information. The assessments are purposely varied to increase the learner’s interest and motivation to continue. Immediate and formative feedback is offered when incorrect answers are chosen to help correct misunderstandings and misperceptions.

Given the complex nature of the topic, special attention was given to write clear and precise questions using the standard question format. This includes listing the item number, using a lead-in (when appropriate) and then asking the question. This is followed with instructions on how to answer the question (when appropriate), the answer choices and immediate feedback once an answer is selected. The assessments are written using simple sentences; standard punctuation and spelling; common terms; and ample blank space to keep the learner’s attention focused on the task.

A summative assessment will be offered at the conclusion of the training to highlight and re-iterate main points. Based on the learner’s score, formative feedback will confirm the learners’ understanding of the information and encourage them to immediately start using their new knowledge to enhance their credit score and financial well-being. Learners who score less than adequate will be directed to review specific sections based on the questions they answered incorrectly. They will be encouraged to master their understanding so they can begin to more effectively implement credit and financial strategies. A short survey allowing the learner to evaluate the training will be offered in addition to a place for suggestions and comments.

Below is a sample assessment and its related objectives.

Terminal Objective One:

Explain what a credit score is, how it’s determined and how it is different from a credit report.

Enabling Objectives:

Describe what a credit score is, which is a numerical value that indicates to lenders how likely an individual is to repay a loan.

Identify five weighted components a credit score takes into account.

Recall that payment history (35% of a score) and current level of indebtedness (30% of score) are the top two weighted items that account for 65% of what makes up a credit score.

Explain how the number that indicates a credit score is generated and its importance.

Differentiate between a credit score and a credit report.

Sample Assessment Questions

Question 1 of 5

A credit score is a numerical value between 300 and 850 that lenders look at when deciding to approve a credit card or loan application.

What does the credit score mean to a lender?

____ How likely you are to own a home or business someday. (Incorrect. The
likelihood of owning a home or business someday is not considered in a credit
score. However, you increase your likelihood of reaching these goals with a
good to excellent credit score.)

____ How likely you are to repay the loan or credit card. (Correct)

____ How likely you are to keep your current income based on your employment
   history. (Incorrect. A credit score does not take into account income or
   employment history. Lenders may look at these items in addition to a credit
   score.)

____ All of the above (Incorrect)

Question 2 of 5

There are five factors used to determine your credit score.

Which of the following factors are used to determine your credit score? (Select five items.)

____ Payment history (Correct)

____ Length of credit history (Correct)

____ Current level of debt (Correct)

____ Number of times you’ve moved. (Incorrect. Moving to new places does not
affect your credit score. Make sure you update your creditors with your new
contact information to avoid missing important correspondence and payments.)

____ Recently married your spouse (Incorrect. Your individual credit score remains
yours before and after marriage. Lenders will consider both your score and your
spouse’s score if you apply for a loan or credit card together.)

____ Number of new credit accounts (Correct)

____ Interest rates on open accounts (Incorrect. A good credit score will often mean a
lower interest rate on a loan or credit card. However, interest rates on loans and
credit cards you already have are not a factor in determining your credit score.)

____ Different types of credit used (Correct)

Question 3 of 5

There are five factors that make up your credit score, each with a different amount of importance.

What are the two most important factors, making up 65% of your total credit score? (Select two answers.)

____ Payment history (Correct. This accounts for 35% of your score.)

____ Different types of credit used (Incorrect. This accounts for 10% of your score.)

____ Number of new accounts (Incorrect. This accounts for 10% of your score.)

____ Current amount of debt owed (Correct. This accounts for 30% of your score.)

____ Length of credit history (Incorrect. This accounts for 15% of your score.)

Question 4 of 5

True or False: Your credit report is a statement of your past credit activity.

____ True (Incorrect. A credit report includes both your current and past credit
activity.)

____ False (Correct. A credit report includes both your current and past credit
activity.)

Question 5 of 5

True or False. Your credit score is generated from your credit report.

____ True (Correct)

____ False (Incorrect. Your credit score comes from your credit report, which outlines
your current and past credit activity.)

EDUC 766: Instructional Strategies and Assessment Methods

Universal Design for Learning

ASSESSMENT

REFLECTION