Do you have student loan debt? Join the club! By some accounts, there is now $1 trillion in student loan debt outstanding. Wow! With all that money spent on higher education, Americans must be the smartest workforce in the world!

But funny enough, graduates are having a hard time paying back all the debt. What gives?

The grand bargain used to be that higher education was a guarantee of higher wages upon graduation. Yet students are finding that’s not the case anymore. They’ve taken on more debt than their meager incomes can support.

Thankfully, President Barack Obama has come to the rescue with several relief measures! Want to find out how you can benefit from these measures? Listen to our Student Loan rap! Everything you need to know is explained in one little tune.

A Next Media Animation / Jayse Wan of Good Lyfe Addikts collabo.

Enjoy!

LYRICS:
C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
We got caught up in the student debt bubble
Now we can’t wait for some help to bail us out of trouble

I got this fancy piece of paper called a college degree
200 G at Sarah Lawrence is what it cost me
Majored in women’s studies and anthropology
applied to work at Google, but those nerds rejected me

I thought I had it made because I got all As
Now I’m in Starbucks slinging Venti Lattes
I’ve got no money in my pockets and I just don’t understand
How come real life doesn’t come with a meal plan?

Help me, Barack!

Barack Obama:
I’m sorry you got burned as you learned
We’ll help you out, let you pay as you earn
Let’s cap you loan payments at ten percent
of the discretionary monthly income you can spend

Consolidate your debt, there no reason to frown,
I’m gonna snap my fingers, now watch your payment go down

I met this cashed-up chick called Sallie Mae
She gave me some loans ‘cos I had tuition to pay
Majored in philosophy got my liberal arts degree
Now I can’t even declare bankruptcy

Sallie’s on my ass, I’ve got no money to spend,
my debt is growing fast at an interest of six percent
I can’t get a job, and it’s too late for regrets
Man, I’m never gonna pay off my debts

Help me, Barack

Barack Obama:
Do the best you can, son, to muddle through
Pay the minimum that you can do
But in the long run have no fears
We’ll forgive your debt after 20 years

Paying what you owe can be such a strain
Let Uncle Sam take care of some of your pain

All Students:C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more

Business student:
Those liberal art fools only have themselves to thank
but I studied business shouldn’t I be making bank?
Yeah sure I don’t have any skills and I probably never will
still, I should be able to be able to pay my bills
I live with my parents I don’t know how,
Shit, I thought I’d be a VP by now
I believe the children are the future, that’s what I learned from Whitney
So please my Stafford Loans and let me go free

Help me, Barack

Barack Obama
I’ve got a bright idea for you young man,
Why don’t you join our payment plan?
For the lucky few that qualify
We’ll pay for three years no strings applied
For young entrepreneurs who are hard-up
We pay your student loans while you start your start-up

Barack Obama:
I’m the POTUS, B to the H to the O
Do an end run around congress, watch me go
Think I’m a long shot for the 2012 race?
Well, at least I know how to take care of my base.

George bailed out the banks I’ll bail the grads
then I’ll bail out the homeowners in their underwater pads
Put some money in your pockets, get the economy in gear
We’re coming up on an election year

All Students: C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more
All Students:C’mon Barack, help us even up the score
We can’t keep on payin’ our students loans no more

The Student Loan Rap!