I Feel Your Pain' 2012 Edition: President Obama Tells College Students He Had a Lot of Tuition Debt Too

"Michelle and I we've been in your shoes," President Obama told a gathering of college students at the University of North Carolina in Chapel Hill Tuesday.

"[W]e didn't come from wealthy families," the president added.

“When we graduated from college and law school, we had a mountain of debt. When we married, we got poor together. We added up our assets and there were no assets. And we added up our liabilities and there were a lot of liabilities basically in the form of student loans,” he said.

The crowd seemed to enjoy his speech -- a lot.

"Now check this out,” the president said once the clapping and cheering subsided, “I'm the President of the United States...We only finished paying off our student loans about 8 years ago.”

Watch the president’s remarks (via Fox Nation):

He continued:

We paid more in student loans that we paid in our mortgage when we finally did buy a condo for the first 8 years of our marriage. We were paying more in student loans than we were paying for our mortgage. So we know what this is about.

And we were lucky to land good jobs with a steady income.

But we only finished paying off our student loans - check this out, alright? I'm the President of the United States. We only finished paying off our student loans about 8 years ago. That wasn't that long ago. And that wasn't easy especially because when we had Malia and Sasha, we were supposed to be saving up for their college educations and we're still paying off our college education.

“So we have to make college more affordable for our young people,” the president added.

(H/T: WZ)