VIP Class Notes (Tibo) [S]

Discussed and watched a video about college debt

Vocabulary

gap year (n) year before you go to university during which you travel or plan for the future
I spent my gap year in Japan.

to default (v) 拖欠
He defaulted on his loan because he lost his job

Ponzi scheme (n) a plan in which you use the money from new comers to pay people who came before
They promised 1,000% return but it was just a Ponzi scheme.

loan (n)
He took a loan to pay for college

invest (v)use money to make more money (if it works)
He invited his money in the stock market and it crashed.

frustrate (v) 心烦
It frustrates me that I have to wait but I see everyone else leaving quickly

prestige (n) 威望
working for the government carries some prestige

prestigious (adj)
Beijing university is prestigious

Pronunciation

clerk