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Floating to the 10-year treasury yield plus another 2.5%. so right now the 10 year yield is at 2.1%. you're looking at more than -- here comes the president and he will be speaking in just a moment on this and his plan. but with the republicans they put in a cap, highest would be 2.85%. bill: 2.85%. so that is a max. >> right. bill: the white house says we're cool with that or not? >> the white house has another plan. they want to fix it to the 10-year, stafford loans, fancy way of saying federal student loans, but it would be .93% or 2.93%, depending what kind of loan you have. i don't want t...

Figure out a plan before july 1st. bill: here is the double-whammy for young americans the unememployment picture is still not great. if you go to college and you're fortunate enough to get a education like that and come out with mountains of debt like this you're really in a hole. >> low paying job you can't pay it back. r president wants to forgive billions of dollars in student loans you are a mother. is that a good idea? >> as a mother i would never, i'm very anti-debt. i mean i can't stand any debt whatsoever. so i would try and figure out a way. that is what i think more parents are doin...