By Joshua Altman - 10/26/11 06:30 PM EDT
Speaking to a group of university students Wednesday about student loan debt, President Obama said that when he and Michele got married.
“We combined and got poorer together," Obama said. "We combined our liabilities not our assets.”
Obama said that when they got married, he and Michele had a combined $120,000 in student loan debt and monthly payments on the debt were more than their mortgage.
The University of Colorado hosted the president on his way back from a west coast trip to promote his jobs plan.
The Obamas' latest tax returns show that he has come a long way since combining liabilities with the president and first lady reporting an income of $1.7 million in 2010.