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Up to 5 million Americans struggling to make their monthly student loan payments could find relief under a program President Barack Obama expanded Monday, part of an election-year push by Democrats to paint Republicans as blocking common-sense steps that could help the middle class.....

Using his pen again in “this year of action,” President Obama today signed an executive order to ease the burden of student debt at the expense of “millionaires.” The program, “Pay as You Earn,” expands an existing federal loan option available to undergrad and graduate students. It issues caps on monthly loan payments at 10 percent of the borrower’s discretionary income and forgives their remaining balance after 20 years. For those working in public service or the government, any remaining debt is forgiven after 10 years. An estimated 5 million more borrowers will become eligible under the new plan. Before...

MICHELLE OBAMA:FAIL We know the ‘challenge’ of student loan debt.” On an income of $272,000 per year! Man and woman of the people! Only not so much, as (Link to the Story:Behind Obama’s Definition of Wealth and Paying Off Student Loans)ABC’s Jonathan Karl reported earlier. Here’s a rundown of the president’s income, according to his tax returns, in the years before he paid off his student loans: 2004: $207,647 2003: $238,327 2002: $259,394 2001: $272,759 2000: $240,505 In 2001 and 2002, the Obamas would have met the $250,000 standard the president has set for those wealthy enough to afford to...

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...

At an event at the University of North Carolina, Chapel Hill, President Barack Obama tried to rouse the crowd by asking for an "amen." "The fact is that since most of you were born, tuition and fees at America's colleges have more than doubled," Obama said. "And that forces students like to take out a lot more loans, there are fewer grants, you rack up more debt. Can I get an 'amen'?" The students responded: "Amen!" Obama continued: “The average student who borrows to pay for college now graduates with about $25,000 in student loan debt—that’s the average, some are...

(Reuters) - Describing his own struggle to pay off college debt and taking another dig at his likely White House rival's wealth, President Barack Obama sought on Tuesday to expand his popularity among young voters with a call to make education more affordable. During a multi-state trip to highlight rising education costs, a key theme of his re-election campaign, Obama said he knew firsthand how paying for university could hurt families and ding the economy.

By Devin Dwyer Apr 24, 2012 Obama: College Debt ‘Not Something I Read About in Briefing Book’ BOULDER, Colo. — President Obama tonight cast himself as a champion of an affordable college education and drew a veiled contrast with Republican rival Mitt Romney in a speech before an electrified crowd at the University of Colorado. Calling a college education the “best tool you have to achieve the American promise,” Obama made the case to the crowd of 10,800 students that he best understands the challenges of earning a degree. We “didn’t come from well-to-do backgrounds. We didn’t have famous families,”...

DAVENPORT, Iowa – Nine former employees of a U.S. Department of Education contractor pleaded "not guilty" today to charges of gaining unauthorized computer access to Barack Obama's student loan records. The nine are charged with accessing the information at various times between July 2007 and March 2009, both before and after Obama was elected president, from the Coralville, Iowa, offices of Vangent Inc., a consulting firm that serves the federal government and higher education institutions.