michael stratford, what did you hear there from jimmy? >> guest: he was referring to some of the differences we were talking about between federal and private loans. the interest rate set every year tied to treasury, 10-year treasury notes is actually fixed on the loan for the entire life of the loan. so students taking out undergraduate loans in the current year will pay 4.66%. that was the rate that was set last week. private student loans tend to have more variable rates to the amount you're paying in interest can fluctuate. and as we were talking about, for both student loans it is extremely difficult to if not impossible to discharge them in bankruptcy. but as we were saying federal loans tend to have more flexible repayment options. >> host: robert says states are no longer funding colleges referring to our earlier conversation here about the cost of college. and then another tweet here from jim who says, remind me how much senator warren was paid to teach one class. warren, former professor. then explain why college is expensive. >

michael stratford, what did you hear from jimmy?st: i think he referred to some of the differences we talked about between federal and private loans. the interest rate that is set every year tied to treasury, 10-year treasury notes, is actually fixed on the loan for the entire life of the loan. so students taking up undergraduate loans in the .urrent year will pay 4.66% that is the rate that was set last week. private student loans tend to have more variable rates, so the amount you are paying in interest can fluctuate. -- as we were talking about for both student loans, it is extremely difficult, if not impossible, to discharge them and bankruptcy. as we were saying, federal loans tend to have more flexible repayment options. host: states are no longer funding colleges, this refers to our earlier conversation about the cost of college. -- remind me how much senator war in was -- to teacharren was paid one class and then explain why college is expensive. host: i do not know how much she was paid off the top of my head, but she is so

about 45 minutes, michael stratford, a reporter for looks at ther ed" rising cost of college education or what options are available for financially. -- 830 a.m. eastern, a focus on the value of a college education. and national review writer discusses his article "drop the dropout," which examines society's push toward obtaining a college degree. ♪ good morning on this tuesday, may 13, 2014. a bipartisan bill to encourage energy efficiency in buildings expired in the senate on monday over disagreements on the keystone xl pipeline and the president's new climate change regulations. the senate voted 55 to 36 on a procedural motion, falling five votes short on what was required to bring the bill to a final vote. live coverage of the senate today on c-span two. this morning we will focus on the

. >> on the next "washington journal," michael stratford, a reporter for "inside higher ed" looks at the cost for higher education. barmak nassirian will focus on the value of a college education and national review writer charles w.w. cook discussing his recent article "drop the dropout." plus your phone calls, facebook comments and tweets. "washington journal" is live on c-span every day at 7:00 a.m. eastern. several live events to tell you about today. the senate judiciary committee considers several nominations including two to the circuit court of appeals at :30 a.m. eastern. here on c-span at 10:30, the senate homeland governmental affairs committee will discuss the financial management system so that it is ready to be audited in 2017. also today marco rubio speaks at the national press club about retirement security. you can see that at 1:00 p.m. eastern on c-span 2. >> i read something one time and it stated that in the south, he was looked at as a hero. when you have a crisis, your people are always looking for someone that they can look up to. you have a person here who esc

on the next washington journal michael stratford, reporter for inside higher ed weatherizing cost of college and what options are available for students concerning financial aid. then the american association of state colleges and universities will talk about the value of a college education in today's work environment. after that national review writer charles c. w. post discusses his recent article, drop the dropout, which looks as society pushed for to any cause degree. phone calls, facebook commons, to reach all on washington journal live at 7:00 a.m. eastern on c-span. last week the house voted to create a select committee that will investigate the attacks in benghazi, libya. a history of congressional select committees and why they have met over the years.n the washington mall throughout today's "washington journal." joining us on the set here this morning, i want to welcome back senior ewkins of >> on set here this morning. a want to welcome back davidr i hocking'sbout. we will keep our conversation about what happened september 11th 2012 instory of benghazi going, but we want

. >> reporter: michael steele is principal of stratford stem high school in nashville.re than half of the seniors here apply to college. >> most of our students live below the poverty line. many of them don't have parents directly involved in their lives. many of them live with guardians, many of them live with state foster homes, and we have some that are homeless. >> reporter: the tennessee promise will use $34 million a year from lottery funds to cover tuition for a two-year degree. >> our family, instead of two steps back, we're, like, getting two steps up. >> reporter: nazje mansfield plans to enroll and become a teacher. her mother works the night shift at wal-mart. >> i thought i was just going to have to take a million loans and be paying them until i'm dead. ( laughs ) >> reporter: 30 cities have similar programs, but tennessee is unique because its offer has fewer restrictions. >> tennessee will be the very first state in the country to make that guarantee to its people. ( applause ) >> reporter: this was governor bill haslam's idea. a third of tennesseans hav