Presidential Candidates on College Affordability

With Election Day right around the corner, most Americans have made up their minds on who they want to vote for. Behind all of the rhetoric and talking points, both the Obama and McCain campaigns have detailed plans and policies ranging from the struggling economy to the war in Iraq. But what about their platforms for affordable higher education?

USA Today on 10/13 of this year compiled the content in the chart below outlining the two candidates’ positions:

Barack Obama

John McCain

1. Supported a 2007 law that raised the maximum Pell Grant for low-income college students from $4,050 to $5,400. 2. Would eliminate Federal Family Education Loan program, which subsidizes private lenders that offer government backed loans. 3. He'd strengthen the federal Direct Loan program, which requires loans to be provided directly by the government. 4. Obama also proposes a $4,000 tax credit for tuition and fees. To get the credit, students must put in 100 hours of public service.

1. Supported a 2007 law that raised the maximum Pell Grant for low-income college students from $4,050 to $5,400. 2. McCain wants to expand the Federal Family Education Loan program, which gives subsidies to private lenders that offer government backed loans. 3. He'd simplify federal financial aid, saying "too many programs and a complicated application process deter many eligible students from seeking student aid." 4. He'd also simplify the tax benefits of families paying for college.

Issues concerning education probably will not make or break either campaign, but if you’re a student, it would probably be in your best interest to examine the platforms of each campaign. More information can be found at the following websites:

New York Times: Candidates’ Positions on Student Loans Reflect Experience and Market Views

The Dartmouth: Candidates Stress College Affordability

johnmccain.com: John McCain’s Higher Education Policy

barackobama.com A World Class Education