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Obamas' Own Student Debt Topped $40,000 Each

August 27, 2013

In unveiling his ambitious higher education plan last week, President Obama once again framed his desire to make college more affordable as a personal mission, reminding the audience at the State University of New York at Buffalo of his own experience with a hefty load of student loan debt.  

Obama took out $42,753 in loans to pay his tuition at Harvard Law School, the Chicago Sun-Times reported. First Lady Michelle Obama went $40,762 in debt to finance her Harvard Law education. It was not until after Obama signed a $1.9 million book deal in 2004 -- the year he was elected to the U.S. Senate -- that the couple paid off all of their student loans, according to the Sun-Times. The Obamas’ law school debt came on top of their existing undergraduate loans (he from Occidental College and Columbia University and she from Princeton University) add of undergrad institutions ok? dl ** yes, thanks -ms and pushed their combined outstanding balance at graduation above $120,000, Obama has previously said.

Both the president and first lady also attended law school for three years -- an amount of time that Obama last week urged law schools to consider shortening to two years to reduce the cost for students. nice. dl

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Michael Stratford

Michael Stratford, Reporter, covers federal policy for Inside Higher Ed. He joined the publication in August 2013 after a stint covering the Arkansas state legislature for The Associated Press. He previously worked and interned at Kiplinger’s Personal Finance magazine and The Chronicle of Higher Education. At The Chronicle, he wrote about federal policy and covered higher education issues in the 2012 elections. Michael grew up in Belmont, Mass. and graduated from Cornell University, where he was managing editor of The Cornell Daily Sun.

Follow him on Twitter: twitter.com/mstratford.

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