mr. kocer, pleace proceed. >> thank you for inviting me. promote student loan programs as their first and best option when considering a loan to assist with educational costs. as with my colleagues across south dakota. financial aid administrators counsel students on the many benefits of federal student loan programs, including availability for subsidized interest, options for loan forgiveness, and multiple generous repayment plans. the federal direct programs also offers consolidation opportunities and in many interest -- instances, lower interest rates. some still find that they need additional resources. private loans can fill the gaps in certain cases. institutions in south dakota generally have a lower tuition rate, but we find that some students need to utilize private loans. in surveying my colleagues someghout the state, campuses receive private education loans. i would like to share with you an example that may cause a student to utilize a private loan to cover educational costs. let's say an institution calls for $18,000, setting

. >> mr. kocer, do you support mandatory certification of private student loans? how does certification help student borrowers, and in one way does your institution, mount marty college, use certification to meet its own needs for information about student debt? >> it's very important for school certification because it gives us more contact to the borrowers first of all. when a school certification comes in we know there's an additional on that student is looking for and we have the opportunity to counsel them on how a lone will affect them and what the possible repayment could be for them. so that's the first advantage of having all schools survive is to get the contact, get the up front counseling i now can affect them further on. it also helps us with school certification to prevent over borrowing for students, using school segregation we only allow them to bar up to the amount of cost that is at our institution that would prevent them from over borrowing. >> ms. lindstrom, last month president obama announced the expansion of the pay as you earn program. can