lower rates and consolidate loans. in today's consumer protection segment we wanted to look at what it takes to qualify and what it means if you do and what if you don't. joining us president and founder of i am peer ran -- imperian wealth management. kimberly good to see you. what about the those that don't qualify, who is that? >> those folks are people who have the private loans. private loan sector is the ones where you go to the banks and usedç to be sally mae, those are folks that are not going to get qualified. and this government program only starts in 2012. if you have debt prior and you are a graduate, that's bad luck. >> if you do qualify what some of the benefits that the president laid out? >> if you do qualify, basically, your income based