Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama: I only paid off my student loans eight years ago
ABC News ^ | 04/24/2012 | Olivier Knox

Posted on 04/24/2012 1:12:29 PM PDT by SeekAndFind

President Barack Obama, courting young voters crucial to his reelection, told a rowdy college-age crowd at the University of North Carolina at Chapel Hill on Tuesday that he knows first-hand about the burden of student loans because he only managed to pay his back a scant eight years ago.

"Michelle and I, we've been in your shoes," Obama, who turns 51 in August, told a cheering, capacity crowd of 8,000 at Carmichael Arena.

"Check this out, all right. I'm the president of the United States. We only finished paying off our student loans off about eight years ago. That wasn't that long ago. And that wasn't easy--especially because when we had Malia and Sasha, we're supposed to be saving up for their college educations, and we're still paying off our college educations," he said.

The president's emphasis on his modest upbringing seemed designed to invite comparisons to presumptive Republican nominee Mitt Romney. The White House has denied specifically targeting the multi-millionaire financier with such attacks even as the Obama campaign has pointedly attacked Romney's personal finances.

Obama's stop in North Carolina was the first on a two-day, campaign-style swing through battleground states to reengage young voters who powered his historic 2008 campaign but seem less enthused about the 2012 election. His chief policy message was an appeal for Congress to pass legislation to stop interest rates on a popular student loan from doubling July 1 from 3.4 percent to 6.8 percent. "I didn't just read about this. I didn't just get some talking points about this. I didn't just get a policy briefing on this," the president said to laughter from the crowd.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Culture/Society; News/Current Events
KEYWORDS: classwarfare; obama; obamalies; obamastudentloans; studentloans
Navigation: use the links below to view more comments.
first 1-5051-89 next last

1 posted on 04/24/2012 1:12:37 PM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

So he was in default on those loans for 20 years before he paided it off? Only in america.


2 posted on 04/24/2012 1:14:38 PM PDT by Autonomous User ( As God is my witness, I thought turkeys could fly.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The fact that 8000 morons have nothing better to do than to go listen to his lies in the middle of the day speaks volumes about how far we have fallen as a nation.


3 posted on 04/24/2012 1:15:21 PM PDT by GlockThe Vote (The Obama Adminstration: 2nd wave of attacks on America after 9/11)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Prove it Obie.


4 posted on 04/24/2012 1:16:08 PM PDT by gov_bean_ counter (Sarah Palin: More miles per sound bite than the closest competitor...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GlockThe Vote

Knowing UNC, they probably got class credit for attending.


5 posted on 04/24/2012 1:16:31 PM PDT by Perdogg
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind

The media will check this out I’m sure. /s

Just like his Columbia records are sealed and can’t be gotten.

I believe this man is a liar.


6 posted on 04/24/2012 1:16:54 PM PDT by OpusatFR
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

What loans? What college? Really now... where are the transcripts? Who in the EFF even knew the POS?


7 posted on 04/24/2012 1:17:52 PM PDT by ScottinVA
[ Post Reply | Private Reply | To 1 | View Replies]

To: Autonomous User
So he was in default on those loans for 20 years before he paided it off?

Taking 20 years to pay off a loan is NOT the same thing as being in default. He probably had a lowish interest rate, and decided that it made no sense to pay it off quickly. Michelle's sinecure at Billings Hospital could have taken care of the whole nut lickety-split.
8 posted on 04/24/2012 1:18:37 PM PDT by Dr. Sivana (There is no salvation in politics.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

I’d tell him to prove it. Open up his college records and show who payed for his college. I imagine he’s talking about his wife who could have payed hers off many years ago but didn’t.


9 posted on 04/24/2012 1:19:29 PM PDT by RC2 (Buy American and support the Wounded Warrior Project whenever possible.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

So he admits to having crappy personal financial management. I’d love for him to release those records so we can see in writing his status as an American or a foreigner


10 posted on 04/24/2012 1:20:08 PM PDT by ebersole
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Geez, cry me a river! Had you used your so-called brilliance, you could have been a highly paid attorney and dispensed with any debt you had long before that.

But you wanted political power, so you got into the state senate and voted for nothing while you were there.


11 posted on 04/24/2012 1:20:17 PM PDT by cotton1706
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

A black child, from a single parent family went to some of the most prestigious colleges in America .... how did he pay for that? How could he get in, when a vast majority of American kids, with both parents working as professionals - couldn’t even begin to pay tuition?


12 posted on 04/24/2012 1:20:46 PM PDT by Hodar ( Who needs laws; when this FEELS so right?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Last week he said someone gave him his education.


13 posted on 04/24/2012 1:21:24 PM PDT by ElayneJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

He should have gotten a refund on any economics courses.


14 posted on 04/24/2012 1:21:34 PM PDT by dead (I've got my eye out for Mullah Omar.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

This from a guy still paying mortgage interest, despite not being able to deduct it.

Like his situation is supposed to be average.

HE’s now giving financial advice?

This is shedding some light on his disregard for the nation’s financial condition.

There is no sugardaddy for our nation, but he promises these students he will be theirs.


15 posted on 04/24/2012 1:22:09 PM PDT by cicero2k
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Please make it stop! Stick a sock in his mouth! Distract him with shiny objects. Just make it stop!


16 posted on 04/24/2012 1:23:16 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
SeekAndFind: Thanks for posting.

Since he brought it up, I would like to see more info on his student loans, and anything else from college records. Unfortunately, they are not available and probably never will be.

In my opinion, the debt he owes the men and/or organizations who put him through college are not ever going to be paid off, because they are also --at least, in part -- responsible for putting him in power.

And for that, he can be reminded of his debt until the day he dies, and pay above and beyond all that he owes. And --in the opinion of both borrower and lender-- to HE** with the consequences to everyone else.

Then again, maybe he just had foreign student aid. Either way, he is conducting business as usual: lie just to stay in practice, lie even if it's in your best interest to say nothing or to tell the truth, lie because its your very nature, lie because its fun... etc.

17 posted on 04/24/2012 1:24:54 PM PDT by txnuke (Drip Drip Drip goes the eligibility questions. Vet the candidates.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

As a foreign student, he was likely able to get many scholarships and Low Interest Student Loans from the US government.


18 posted on 04/24/2012 1:25:07 PM PDT by Uncle Slayton
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I seriously doubt he even had student loans. If paid back anything it was in the form of favors - and the Ayers/weathermen/communists were on the receiving end.


19 posted on 04/24/2012 1:25:15 PM PDT by Triple (Socialism denies people the right to the fruits of their labor, and is as abhorrent as slavery)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Consuming dog meat can help with the budgeting.


20 posted on 04/24/2012 1:28:02 PM PDT by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: OpusatFR

Tony Rezko paid off my student loans eight years ago.

There. Fixed it.


21 posted on 04/24/2012 1:28:02 PM PDT by Buckeye McFrog
[ Post Reply | Private Reply | To 6 | View Replies]

To: LucyT

hmmm... ping

“We [Michelle and I] only finished paying off our student loans off about eight years ago. “


22 posted on 04/24/2012 1:29:08 PM PDT by thouworm (.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Isn’t that when George Soros started fire-hosing money to him?


23 posted on 04/24/2012 1:29:39 PM PDT by E. Pluribus Unum (Do I really need a sarcasm tag? You're really that dense? Really?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
He could be speaking strictly about his law school loans. He took a 5 year break between Columbia and Harvard Law.

I'd love to see how he paid for his undergrad degree.

24 posted on 04/24/2012 1:29:45 PM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: RC2

I hate to do this, because it’s just not me to criticize typos and misspellings. However, this one is so glaring. It’s not payed, it’s paid. I hope my little reminder helps you in the future.


25 posted on 04/24/2012 1:30:03 PM PDT by 1lawlady (To G-d be the glory. Great things He has done!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind
Today's speech was extraordinary. So, the students want the low college loan interest to stay low, but are not pushing Obama to step out of the way of businesses that create the jobs they will need to pay off the loans at any interest rate. OK, that makes sense. To an 18 year old. Out of sympathy for the Obamas, purportedly paying off their own student loans a mere 8 years ago. Either of them COULD have chosen to go to state schools and not incurred so much debt. Why would they have wanted to go to those white enclaves anyway?
26 posted on 04/24/2012 1:30:21 PM PDT by EDINVA
[ Post Reply | Private Reply | To 1 | View Replies]

To: RC2

I hate to do this, because it’s just not me to criticize typos and misspellings. However, this one is so glaring. It’s not payed, it’s paid. I hope my little reminder helps you in the future.


27 posted on 04/24/2012 1:30:29 PM PDT by 1lawlady (To G-d be the glory. Great things He has done!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: SeekAndFind

I thought he said just last week that he wasn’t born with a silver spoon in his mouth - somebody had to give him his education - it’s time he releases all his records to the public so we can see just exactly how he did manage to afford his degrees at some of the priciest schools in the country.......


28 posted on 04/24/2012 1:31:15 PM PDT by Intolerant in NJ
[ Post Reply | Private Reply | To 1 | View Replies]

To: ebersole
Was this when he attended college as Barry Soetero ?
29 posted on 04/24/2012 1:32:30 PM PDT by Eric in the Ozarks
[ Post Reply | Private Reply | To 10 | View Replies]

To: thouworm

Poor little Barack.


30 posted on 04/24/2012 1:32:48 PM PDT by luvbach1 (Stop the destruction in 2012 or continue the decline)
[ Post Reply | Private Reply | To 22 | View Replies]

To: SeekAndFind

“Check this out, all right.”

So presidential


31 posted on 04/24/2012 1:35:08 PM PDT by Gil4 (Sometimes it's not low self-esteem - it's just accurate self-assessment.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ScottinVA

Let’s see the proof.


32 posted on 04/24/2012 1:35:31 PM PDT by donna (...gay couples raising kids. That's the American way... -Mitt Romney)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Uncle Slayton

The BOZO (head muslim in charge) living in the white hut never had a loan from anyone, he was given his degree by affirmative action gifts to magic negro’s.


33 posted on 04/24/2012 1:37:49 PM PDT by tiger63
[ Post Reply | Private Reply | To 18 | View Replies]

To: SeekAndFind

Blow it out your ear, Obamaloon.

Like anyone actually believes you any more.

You lying sack of sh...er....socialism.


34 posted on 04/24/2012 1:38:42 PM PDT by Da Coyote
[ Post Reply | Private Reply | To 1 | View Replies]

To: Autonomous User
So he was in default on those loans for 20 years before he paided it off? Only in america.

******

Occidental College in California: A reporter should pin Obama down and have Obama explain if he got a student loan at Occidental College. The reporter should then ask: If he did get such a loan, would he give reporters permission to look at his loan papers at Occidental?

A reporter should also ask Obama when he started paying off his Occidental loan, because I'm thinking that Obama must have been in a lot of debt if he had college loans at Occidental, Columbia, and Harvard Law School.

Did Obama receive help at Occidental as a foreign student?

If Obama would allow reporters to examine his loan papers at Occidental, the question of whether or not Obama received help as a foreign student would be answered.

Of course, don't hold your breath, because Obama will never voluntarily allow the public to examine his Occidental loan papers for obvious reasons: Information in those loan papers could do severe damage to Obama's political career.

35 posted on 04/24/2012 1:40:17 PM PDT by john mirse
[ Post Reply | Private Reply | To 2 | View Replies]

To: 1lawlady

It could have been worse - see post 2 (paided)


36 posted on 04/24/2012 1:41:24 PM PDT by Gil4 (Sometimes it's not low self-esteem - it's just accurate self-assessment.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: gov_bean_ counter

I think in the spirit of openness and transparency he would show the kids how much college cost him and the strategy he used to pay off the debts.


37 posted on 04/24/2012 1:41:56 PM PDT by taterjay
[ Post Reply | Private Reply | To 4 | View Replies]

To: Uncle Slayton

All the FAFSA docs I’ve ever seen explicitly say for U.S. citizens only. Typically, foreign govts (if not the students’ families) pay for their students who study in the U.S. Also, many U.S. colleges/universities like to claim they have students from X countries studying there, and will supplement what a foreign student cannot afford.


38 posted on 04/24/2012 1:42:50 PM PDT by EDINVA
[ Post Reply | Private Reply | To 18 | View Replies]

To: Hodar
A black child, from a single parent family went to some of the most prestigious colleges in America .... how did he pay for that?

His typical white grandmother was the VP of a bank. His grandparents were much more his family than their daughter was. he also went to a prestigious private school in Hawaii.

39 posted on 04/24/2012 1:45:02 PM PDT by El Gato ("The second amendment is the reset button of the US constitution"-Doug McKay)
[ Post Reply | Private Reply | To 12 | View Replies]

To: SeekAndFind
Prove it. Let's see the college tuition bills and payment receipts. (In fact, show anything that proves he was even enrolled in the college.)

The Saudis have unlimited cash, so my guess is his tuition was "well paid" in advance (so the college would overlook "stuff" in case he failed or never showed up). My guess is he's talking about his wife's loans? Why would he owe anything as a foreign exchange student sent here by the very, very rich Saudis?

40 posted on 04/24/2012 1:46:42 PM PDT by concerned about politics ("Get thee behind me, Liberal")
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

The average cost of a 4 yr. private college education around the time Obama was there (late 70’s early 80s) was 8K a year.

I doubt he financed all of it.

Big whoop Obie


41 posted on 04/24/2012 1:47:43 PM PDT by wilco200 (11/4/08 - The Day America Jumped the Shark)
[ Post Reply | Private Reply | To 1 | View Replies]

To: El Gato

Yet, he didn’t hesitate to throw Grandma under the bus; while idolizing a father who abandoned him. Something is severely messed up with that man.


42 posted on 04/24/2012 1:51:19 PM PDT by Hodar ( Who needs laws; when this FEELS so right?)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Gil4
“Check this out, all right.”

I was thinking the same thing. The only thing that would have made him sound more hip, is if he talked like Randy Jackson--from American Idol--and used the word, "dawg" while speaking:

Yo, yo, yo...check this out, dawg...alright?"

43 posted on 04/24/2012 1:54:10 PM PDT by Lou L (The Senate without a filibuster is just a 100-member version of the House.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: gov_bean_ counter

Don’t worry, the media will dig deep and uncover all the facts. /SARC


44 posted on 04/24/2012 1:58:32 PM PDT by JaguarXKE
[ Post Reply | Private Reply | To 4 | View Replies]

To: SeekAndFind
I'm older than The Won, and there were federally guaranteed student loans, even back in those dark ages. But when I looked into getting one, my uncle, who was a small town/rural banker, told me that he could do better than the federal program. In the event I got a sponsered National Merit Scholarship, and for my last two (of five) years an AF ROTC Science and Engineering scholarship, so I never took out a loan. But I, and my wife, worked part time during school, and I worked full time summers, except for the one where I went to ROTC field training, for which I was paid very little after expenses, primarily laundry expenses for care of my uniforms.

I had a grant for tuition, and the GI bill for living expenses, when I went to grad school. Wife still worked though, and went to grad school herself during the summer.

45 posted on 04/24/2012 2:04:12 PM PDT by El Gato ("The second amendment is the reset button of the US constitution"-Doug McKay)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Autonomous User
So he was in default on those loans for 20 years before he paided it off? Only in america.

That explains the massive US debt.

We are so screwed.

46 posted on 04/24/2012 2:06:20 PM PDT by gitmo
[ Post Reply | Private Reply | To 2 | View Replies]

To: JaguarXKE
To quote Alf...

HA!!!

47 posted on 04/24/2012 2:08:49 PM PDT by gov_bean_ counter (Sarah Palin: More miles per sound bite than the closest competitor...)
[ Post Reply | Private Reply | To 44 | View Replies]

To: SeekAndFind
We only finished paying off our student loans off about eight years ago.

He also paid off parking fines late too

From March 2007

Two weeks before the US senator from Illinois launched his presidential campaign, he paid parking tickets he received while attending Harvard Law School, officials said yesterday.
Obama received 17 parking tickets in Cambridge between 1988 and 1991, according to the city's Traffic, Parking & Transportation Department.
Of those tickets, he paid only two while he was a student and paid them late, said Susan Clippinger, the office's director.
In January, about when the Globe began asking local officials about Obama's time at Harvard, including any violations of local laws, someone representing the senator called the parking office to inquire about the decades-old tickets.
On Jan. 26, the remaining $375 in fines and fees were paid by credit card using the city's website, Clippinger said. She said she didn't know who paid them.

http://www.boston.com/news/local/articles/2007/03/08/obama_paid_late_parking_tickets/

That was 7-8 years ago too - hmmm....

48 posted on 04/24/2012 2:17:23 PM PDT by libertarian27 (Check my profile page for the FReeper Online Cookbook 2011)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gil4

He sounds like Randy Jackson on AI. “Yo, dog....check this out....”

He’s so cool. /s

Mrs. Prince of Space


49 posted on 04/24/2012 2:25:00 PM PDT by Prince of Space (Be Breitbart, baby!)
[ Post Reply | Private Reply | To 31 | View Replies]

To: ScottinVA

Only my two cents on this topic. A guy goes in 2010 to Occidental College in Cal...and he pays around $125k for two years of tuition, room and board. In 2010 dollars....two years of Columbia for room, board and tuition equals approximately $140k. In 2010 dollars, two years of Harvard Law School runs $140k for tuition, room and board. Add it up for a 2010 kid.

The only way that a 1980 kid could run through all of the expenses...is a grant or scholarship, which the President has never admitted to. To have paid this off in his early 40’s? There’s a scholarship out there which he hasn’t ever talked about.


50 posted on 04/24/2012 2:26:42 PM PDT by pepsionice
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-89 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson