For President Obama, the student loan crisis is personal. The Obamas had not repaid all of their $120,000 student loan debts until his election to the Senate in 2004. In a series of speeches last week, Obama pushed for measures that he hopes would force colleges to control costs for massively indebted students. He also expressed the view that law school should only last two years, rather than three. These views are likely informed by Obama’s own college debts, which were recently quantified by The Chicago Sun-Times. Though Obama received a scholarship to attend Occidental College, the money ran out...