Home > Policy > Obama v. McCain on Student Loans

Obama v. McCain on Student Loans

The New York Times had an interesting article on Oct. 29th on the differences between Obama and McCain’s positions on student loans.  To summarize:

Obama’s Plan: $4,000 tax credit for tuition in return for 100 hours of community service (available to all students, even those whose families do not make enough to pay taxes); Add $1.5 billion to the Pell Grant program

McCain’s Plan: Publicly encourage colleges to slow tuition increases; Improve the student loan market to add competion and more flexible payment options; Increase Pell Grant so that it funds the cost of in-state tuition at public universities

Honestly, I like both of their plans.  The article has some pretty good analysis (read: better than I could do, so I’m not going to try) on the strengths and weaknesses of each.

Side note: The article also reports that the Obamas just finished paying off their student loans in 2004. Yikes.

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  1. November 5, 2008 at 12:26 am

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