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Дата публикации: Sep 27, 2015 7:4:39 AM
Transcript
Allan Chernoff: A grown number of Americans are starting their career deeply in debt as a result of all the money they had to borrow to pay for the education.
For many, education loan have become a de facto morgage that could take decades to pay off.
Rebecca Billante is living her dream. She's made it to New York City .. working in fashion for a retail giant J.Crew
Rebecca Billante: Accomplished. Definitely. I would say that that's a very good word to describe how I feel
AC:Accomplishing her dream though has been costly. To earn her master's in fashion design at Drexel University Rebecca had to take on student loans from the federal government and the private lenders. Even with help from her parents. The three year program left her with debt approaching six figures.
RB: I have some really dark moments about it. That's for sure. It's .. it's, er, overwhelming. It's overwhelming and ... and it's extreme. It's a lot of money and, er, I just have to try to ultimately say positive to know that I would get through it and I will make it work.
AC: The working world often requires ambitious responsible Americans like Rebecca to assum mountains of debt to gain the education their careers demand.
That dead load for the students .. graduation is $27000 on average. Adding education loans their parents take on the figure jumps to $34000. Piled all those loans together and student loan debt now exceeds credit card debt
Mark Kantrowitz: Student loan debt is having an impact on how people live their lifes. It's causing the ways of getting married, buying a car, buying a house, having children, saving for retirement
RB: Good boy
AC: It squeezes Rebecca's life style. She lives in a small Manhattan studio, watches her spending and gets sure to pay her credit card bills full each month.
How long do you think it might be before you actually can pay it all off?
RB: Well, I would say twenty-five years. Twenty-five to thirty years. There are ... lends and like you ex... take that long. And that why I thought about why I was doing it
AC: Student loans are Rebecca's educational morgage. But Rebecca says she doesn't regret it. Borrowing was the only way to achieve her career dream. Allan Chernoff, CNN, New York.
Wordlist
loan BrE /ləʊn/ ; NAmE /loʊn/ [countable] money that an organization such as a bank lends and somebody borrows
to take out/repay a loan (= to borrow money/pay it back)
mortgage BrE /ˈmɔːɡɪdʒ/ ; NAmE /ˈmɔːrɡɪdʒ/ (informal home loan) a legal agreement by which a bank or similar organization lends you money to buy a house, etc., and you pay the money back over a particular number of years; the sum of money that you borrow to apply for/take out/pay off a mortgage
to pay off - to give someone money for something you buy or for a service
retail - the sale of goods in shops to customers, for their own use and not for selling to anyone else
to accomplish - to succeed in doing something, especially after trying very hard [= achieve]
costly - very expensive, especially wasting a lot of money
lender BrE /ˈlendə(r)/ ; NAmE /ˈlendər/ - a person or organization that lends money to people on condition that they pay it back
overwhelming BrE /ˌəʊvəˈwelmɪŋ/ ; NAmE /ˌoʊvərˈwelmɪŋ/ - having such a great effect on you that you feel confused and do not know how to react
ultimately BrE /ˈʌltɪmətli/ ; NAmE /ˈʌltɪmətli/ - finally, after everything else has been done or considered
to exceed BrE /ɪkˈsiːd/ ; NAmE /ɪkˈsiːd/ - to be more than a particular number or amount
impact - the effect or influence that an event, situation etc has on someone or something
noun BrE /ˈɪmpækt/ ; NAmE /ˈɪmpækt/
verb BrE /ɪmˈpækt/ ; NAmE /ɪmˈpækt/
retirement BrE /rɪˈtaɪəmənt/ ; NAmE /rɪˈtaɪərmənt/ - when you stop working, usually because of your age
to squeeze - to press something firmly together with your fingers or hand
to regret - to feel sorry about something you have done and wish you had not done it
Comprehension Check
1. Why do many Americans start their career deeply in debt?
2. Who is Rebecca Billante? How does she feel about her graduation?
3. How much did it cost to accomplish her dream? How does she feel about it?
4. How much do young people in general have to pay back to the banks after they graduate from universities?
5. How do students’ loans affect their lifestyles?
6. How does the loan affect Rebecca’s lifestyle?
7. How does she think it might take to pay off all her debts? Does she regret taking the loan?
Other
Rebecca Billante is living her dream.
live - type of life - [intransitive, transitive] to spend your life in a particular way
He lived in poverty most of his life.
live something She lived a very peaceful life.
They lived their lives to the full.
+ noun She lived and died a single woman.
Additional Exs
1.
go to school/college
get a place at university
prepare for, revise for, study for an exam
revise a subject
study for a test
graduate from university/high school
finish school
get a degree/a good grade
take/retake an exam/a course
get/have/do homework
pass/fail an exam/a course
get/have a good result
hand in an essay/an assignment
attend a seminar
do coursework/your best
make progress/mistakes
study a subject/a language
2 Complete the sentences using the correct verb from the box.
graduate get went make retake hand in revise do study
0 I want to revise Biology tonight for my test tomorrow.
1 I failed the course so I will retake it next year.
2 He will graduate from university if he passes his exams.
3 Now he is doing his homework he is beginning to make some progress.
4 We’re meeting tonight to study for the test.
5 You must hand in all assignments by Friday.
6 It doesn’t matter if you win but you should always try to do your best.
7 I went to college in Warsaw.
8 I hope I will get a good grade in the exam.
3 Write the type of education that best describes each sentence. The first letter is given for you.
0 What you do after you have a degree at university. postgraduate education
1 Learning done in businesses. corporate education
2 Learning done using the postal service. correspondence education
3 Learning when you live in another city or country. distance learning
4 Studying on the internet. e-education, online learning
5 Children learning from their parents. home education
6 Studying after education, even afterretirement lifelong learning
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