For the first eight years of our marriage, [Michelle and I] were paying more in student loans than what we were paying for our mortgage. So we know what this is about.
And we were lucky to land good jobs with a steady income. But we only finished paying off our student loans—check this out, all right, I’m the President of the United States—we only finished paying off our student loans about eight years ago.
—President Obama in North Carolina today on why Congress has to act to prevent interest rates on student loans from doubling (via barackobama)
I graduated from medical school in 2002. As of today, I am $202, 012.79 in debt. I pay about $840 a month. I will pay this for the next 29 and a half years and will therefore be 65 when I pay off my medical school loans. I am fortunate that my parents paid for my undergraduate education at Washington University in St. Louis.