Obama Looks to Wring Stimulus From Saturated Student Loan Market “$1 Trillion” -- Estimated amount of student loan debt owed by Americans. In keeping with his new campaign theme of “we can’t wait,” President Obama today will roll out a plan to put more money in the pockets of some of the nation’s 36 million student loan recipients. Obama has broad latitude in this area – certainly broader than the first two parts of his western campaign trip, underwater mortgages and subsidies for hiring veterans – because one of his early legislative initiatives was to have the federal government take...