Interest high at UNC campus for Obama loan talk


A line of students seeking tickets to hear Obama in Chapel Hill camped out overnight despite Sunday's rain in front of the box office of the university's former basketball auditorium where he'll speak.

White House Communications Director Dan Pfeiffer said the president would use the school as the location for his appearance on the Late Night with Jimmy Fallon Show where he will talk about preventing interest rates from doubling on student loans.

Obama visits the University of North Carolina at Chapel Hill on Tuesday and similar colleges in Colorado and Iowa as he woos young voters by taking about student loans and the rising cost of education. All three are in states Obama won in 2008 but are expected to be closely contested with likely Republican nominee Mitt Romney.

The president's last trip to North Carolina was in March. He visited a truck building factory near Charlotte.

Obama will make a three-state swing next week to talk about the student loan issue. In addition to North Carolina, he'll visit Colorado and Iowa.

All three are key general election battleground states. College-aged voters are also a critical constituency for the Obama campaign.

The interest rate on a popular federally subsidized student loan will double in July unless Congress acts.  The rate hike affects new subsidized Stafford loans, which are issued to low and middle income undergraduates.

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