>> the reality of this is the fact that if the president signs offit, there-in is the line in the sand. these are good politics for the president. but it's not just good for the president. it's good policy for the country. you mentioned 1.6 trillion in student loans. i'm one of those people that overborrowed. i have working on the hill is a privilege, right? you don't even have access to those kinds of dollars. and to be fair, sallie mae, it didn't go so far for private student loans, it only covered federal lons. that's a huge deal. >> exactly. that's the conundrum. you have to reach a and you wind of many, many students have been going into debt, not because people are bad people but because you're trying to pay for rent and other things and it becomes difficult. >> on these private loans, the interest rates are through the roof, a lot of them can be in the teens there's a lot of people out there who borrowed before 2007 that are paying really high rates on federal loans. we need to let them refinance those rates and bring them done. >> let's anticipate. there will be opposition to t