Sunday, September 1, 2013

President Obama...If you hadn't decided to run for the U.S. Senate, would you have paid up your Student Loans?

The reason I ask...
...Though Obama received a scholarship to attend Occidental College, the money ran out after his freshman year. He paid the rest of his undergraduate tuition through loans and assistance from his family. 
Michelle Obama took out loans to pay for college at Princeton University and Harvard University as well. The Obamas carried these debts for the first 25 years of their marriage.
The president and the first lady also racked up $40,000 each attending Harvard Law School. Including undergraduate loans, the Obamas owed a combined $120,000 after college. 
They did not settle their debts until 2004, when Obama signed a $1.9 million book deal to write “The Audacity of Hope.” He was also elected to the U.S. Senate that year.
Read the full story HERE.

I'll bet I already know the answer and so do most other Americans...I mean, he likes spending other peoples' money. I can't help but wonder if he might have thought that the loans were more of a disbursement of wealth rather than something he would be in a hurry to pay back if he hadn't decided to run for the Senate. I suppose, we'll never really know. What do you think?

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