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
If he hadn´t been elected, they still would be dragging their feet today. I guess those lucrative law partnerships weren´t in the offing. Why not a state school you can afford? I guess he got used to family paid private educations. Scholarships are for the gifted, he ain´t. He should have smoked the less expensive varieties.
In the end he paid it all off and now will make millions hiring a ghost writer to do books about all his failures, and boy does he have a bunch of those.
BTW, the idea on law school ~ whacking it to 2 years ~ is a variation on an older system used for most of a century in Midwestern state universities ~ they´d accept the first year of lawschool as the 4th year of a standard academic baccalaureate and that´d reduce total time in college to 6 years, rather than today´s current 7 years.
That system began to be broken down in the 1960s as universities quit accepting law as a 4th year.
I have seen no improvement over that time in the quality of lawyers ~ same old same old ~ so why not go back and whack the time off the AB/BA degrees and reconfigure the law research courses to something more in line with current and future computer capabilities.
Might check their passports too ~ fewer Obama types slipping through
Reply 10 - Posted by:
lil dotty, 8/28/2013 7:50:16 AM (No. 9494910)
Both of the o-rings have no understanding of finance, or the value of a dime....As in one thin dime.
Neither learned it in growing up, in school, nor in those higher education classes they claim to have taken. Just another reason this mulatto boy should never have been given the job that requires he sit in the o-office.
Nah. I´m not believing it. BTW - Baylor U. and Baylor Law School still do the ´first year of law school completes the fourth year of undergrad´ deal. And Baylor is on the quarter system, so you can (if you go year-round) get out in two years and three months. But Baylor costs WAAAAAAYYY more now than when was there 33 years ago.
Let´s see. Obama was a poor student and a pot-head in high school. Yet, he got a scholarship to Occidental. How did he get that? How did he pay for his time at Columbia since he ran out of money at Occidental? If he did not get a scholarship to Harvard, how in the world could he get another loan to go? I think I remember that some Saudi businessman gave him some money to go to school. His finances were questionable at the least. There is more to this story than meets the eye.
Since no professors or students can recall having a young Barack Obama, Barry Soetoro, or even a young Harrison J. Bounel at Occidental College or Columbia in their classes, how did he rack up such impressive student loans?
I want to see proof of these student loans. None is offered here. I was working in higher education when barack and michelle were of college age, and I can assure you people that private colleges were throwing scholarship money at black applicants, because it was the liberal thing to do. If barack and michelle borrowed money on top of scholarship money, it was for lifestyle purposes. (Just watch a few episodes of Judge Judy and you will see some cases that prove this.) Barack received an advance for his ´dreams from my father´ when he graduated from Harvard Law. He didn´t deliver, and the first publisher didn´t take the advance back, and barack went to a second publisher, received another advance for the book, and it was finally published in the mid 1990s. This article appears to be full of lies.
When I was in school there weren´t many scholarship or assistance programs for law school. Two students attending prestigious out of state schools certainly could run up a lot of debt. But restraint isn´t in either of these two´s make-up. You can bet they didn´t eat a lot of canned tuna, mac n cheese or ramen noodles to save money either while in school or afterwards.
I think it is only Mooch´s student loans, because the Poseur´s education was paid for by unknown benefactors.
And her loans probably never would have been paid if he hadn´t decided to run for the US Senate, no matter how much money they made, she was entitled to that edumacation! She be from the ´hood, so let the crackers eat it!
Want to make a guess WHY the scholarship "ran out" after BO´s freshman year. Possibly because his grades were so poor? Is that why his records are hidden?
I guess Community Organizing wasn´t paying too much? Is that all he was qualified to do with all his education. It´s nice he wanted to "help people" but most of us have to face a reality that we have to use all our skills to pay for our lifestyle, including college loans. So when I decide to go to high end schools and take out loans to finance it, I need to look for a good paying job when I graduate, even if it may not be just what I would like to do.
Let´s do the math. 2 highly educated people should be able to earn at least $50K each, $100K for the family. Paying $10K per year they could have paid it all off in 12 years. That doesn´t seem too onerous. If BO made the CHOICE to take low pay work and couldn´t pay his bills, WHY is that a problem that needs to be fixed. He underutilized his education. His choice.
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