Obama Challenges Romney on College Affordability

President Barack Obama says deep cuts in college aid that Mitt Romney is set to make would be the moral equivalent of telling youngsters, "Tough luck, too bad, you're on your own."

At a college campus in Ohio, Obama said the budget plans of Romney and his running mate Paul Ryan would slash Pell Grants and student loans. And noting advice Romney once gave to a college student to borrow money from his parents, Obama said, "Not everybody has parents who have the money to lend."

The dig at Romney's wealth came during a stop at Capital University in Columbus.

The GOP team counters Obama's policies have done little to stem a surge in college tuition costs, and the students who graduate face a bleak job outlook.

(Copyright 2012 by The Associated Press.  All Rights Reserved.)