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Sen. Barack Obama explained why a college education is worth it at community college in Michigan Tuesday.
a Newsmax review of Senator Obama’s financial disclosures found no trace of any outstanding college loans, going back to 2000.
Speaking at a campaign event in Haverford, Pa, in April of this year, Michelle Obama claimed that her husband had “just paid off his loan debt” for his Harvard Law School education.
In an appearance in Zanesville, Ohio, in February she bemoaned the fact that many American families were strapped with student loan payments for years after graduation.
“The only reason we’re not in that position is that Barack wrote two best-selling books,” she said. The first of those best-sellers netted the couple $1.2 million in royalties in 2005.
In response to Newsmax questions about the Obama’s college loans, a campaign spokesman cited a report in The Chicago Sun claiming that Obama borrowed $42,753 to pay for Harvard Law School, and “tens of thousands” more to pay for undergraduate studies at Columbia.
The same report said that Michelle Obama borrowed $40,762 to pay for her years at Harvard Law School.