177. Should Student Loan Debt be Forgiven? (English Vocabulary Lesson)
Thinking in English
Shownotes Transcript
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University can be a very expensive experience for young people across the world, and millions of people need to take out big loans to afford tuition fees and living expenses. The US government has just announced a plan to forgive some student loan debt… but is this a good idea? Let’s discuss this topic while practicing some useful financial vocabulary!
TRANSCRIPT - https://thinkinginenglish.blog/2022/10/05/should-student-loan-debt-be-forgiven/)
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Vocabulary List
Undergraduate (adj) – related to a university student who has not yet taken a first degree
My undergraduate degree was in History and Politics
To afford (v) – to be able to buy or do something because you have enough money or time
I don’t know how he can afford a new car on his salary
Loan (n) – an amount of money that is borrowed, often from a bank, and has to be paid back
He is trying to get a $50,000 loan to start a business
To owe (v) – to need to pay or give something to someone because they have lent money to you
I owe James £10
To forgive (v) – to allow someone to not have to pay a debt
Should rich countries forgive some of the debts owed by the poorest countries?
To take on something (Phrasal v) – to undertake a task or responsibility, especially a difficult one
I took on debt so I could afford university
To pay something off (Phrasal v) – to pay back money that you owe
We should be able to pay off the debt within three years
Disproportionately (adv) – in a way that is too large or too small in relation to something else
The disease disproportionately affects young people
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