My Comment: Please read the above. The Obamas went to elite schools. Their first home was a $277K, two-bedroom condo purchased in 1993. With cushy law school jobs they could well afford their student loans. I am not buying the rusted out car and furniture from a dumpster story. Quit frankly, I was skeptical when Ann Romney said she and Mitt lived in a basement and their desk was a door on saw horses and their dining room table was an ironing board. I accept that the Romneys were probably more privileged than the Obamas but I don't think the Obamas nor the Romneys have ever experienced poverty. Neither of them have had to decide which bill to pay and which to not pay or worried about having their utilities disconnected. I hate it when rich privileged people play the "I-was-poor" card.