, it is in this is a much better choice than going into default, and this is the biggest payment- rejune nation we need to push forward for more remove this is the best-case scenario if you're about to graduate into no employment. >> what about the ability to renegotiate terms that was also part of the president's proposal. does that really change the power dynamic when you're sitting across the table from the bank? how does that work? >> the president talked about renegotiating the contract. but what we see in the senate, elizabeth senate--why students are unable to refinance to lower rates. >> they could take back your house but they can't take back your head. >> and i have point with that, too. fiona, a lot of young adults that i've spoken to know almost to dime how much they owe. >> at this point i've got $74,000. >> and you've got a decent job out of college. i started working for a company called zip car. i realized that making car payments was not going to work financially, so i jump in car sharing, and it's worked side for awhile. >> how does it change your loan. >> it's dollar f