Today Obama gave a magnificent speech at the State University of New York at Buffalo on Students load as part of his Higher Education Affordable Campaign. Man I think it was a good speech despite the fact that he amongst other politicians sometimes spice-up the speeches to get the support of the youth. He did acknowledge however that no matter the cost and other setback in education, yet higher education is still the way for younger people to make it in life in this generation and the others to come. But also made a couple of proposition which his Secretary of Education Arne Duncan would help implement to make things good for all with student loans.
Of course he also stated he did took student loan to pay for his higher education in law school and finished paying it not long before his election to the U.S. Senate. Money he said could have been saved toward his two girls, Malia and Sasha's college was used to pay for those loans with his wife Mitchele.
My take is that, student loan will somewhat be the next bubble in the U.S. because it is apparent that most young people after college does have hard times paying back their loans because they can hardly find a job. Nonetheless, there is hope that some days some where all of that will be fine.
Please find below a video from YouTube just in case you missed it earlier.
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