Obama Pushes for Low Student Loans
President Barack Obama appealed to college students Tuesday saying that Congress needs to lower the cost of student loans, which currently burden millions of students.
In a speech at the University of North Carolina, Obama said he and his wife Michelle sympathize with students' college costs, and that Obama and the first lady didn't pay off their student loans until eight years ago.
"I didn't just read about this. I didn't just get some talking points about this. I didn't get a policy briefing on this," said Obama reflecting on a time when he and his wife shared a "mountain of debt."
Obama is currently attempting to receive his bid to hold onto the White House by taking his election-year pitch to three crucial states. Obama's personal account of student loans was aimed to draw in college students and middle class voters, which set up a contrast with GOP candidate Mitt Romney, whose father was a wealthy auto executive.
With a looming deadline to double the current student loan rate from 3.4 percent to 6.8 percent on July 1, Obama's call to action Tuesday was aimed at college students, most of whom voted for his in the 2008 election. Obama urged students to join him in this fight and take their message to social media sites and pressure Republicans in Congress to make a change.
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