President Barack Obama holds a child and greets the crowd after speaking about managing student debt during an event at the University of Colorado Denver Downtown Campus in Denver today. Denver is the final stop on a three-day trip to the West Coast for fundraising and speeches promoting his American Jobs Act. (AP Photo/Susan Walsh)

President Barack Obama recalled his struggles with student loan debt as he unveiled a plan Wednesday that could give millions of young people some relief on their payments. Speaking at the University of Colorado Denver, Obama said that he and his wife, Michelle, together owed more than $120,000 in law school debt that took nearly a decade to pay off. He said that sometimes he'd have to make monthly payments to multiple lenders, and the debt meant they were not only paying for their own degrees but saving for their daughters' college funds simultaneously. "I've been in your shoes. We did not come from a wealthy family," Obama said to cheers/CBS News. More here.

Question: Are you worried that your children will be buried in college student debt?