Marketplace®

Daily business news and economic stories

Pell grants: Comparing candidates’ comments against the record

A conversation about education was woven among various topics at last night's presidential debate. In particular, Governor Romney and President Obama touched on the issue of college affordability.

One issue that didn’t come up much in the debate last night was education. Though, both candidates touched on the issue of college affordability.

Governor Romney said as president he would protect the federal Pell grant program for low-income students, saying “I want to make sure we keep our Pell — Pell Grant program growing.”

The declaration was a surprise to some people as the federal budget written by Romney’s running mate Congressman Paul Ryan would make far fewer students eligible for Pell grants.

Mark Kantrowitz, who publishes the financial aid website Finaid.org, says, “It seems to be in conflict with his prior statements. My guess is he’s being careful in his choice of words.”

Meanwhile, President Obama talked up his own record on Pell, saying “We’ve expanded Pell grants for millions of people, including millions of young women, all across the country.”

That’s true, Kantrowitz says, but he paid for it in part by eliminating the year-round Pell grant that helped low-income students attend summer school.

Related Topics