PELL Act: More workers for jobs, less long-term debt for young adults

(The Center Square) – Seeking to alleviate long-term debt, the PELL Act has been introduced in the U.S. Senate by North Carolina Republican Sen. Ted Budd.

The proposal would expand Pell Grant eligibility for high-quality, short-term workforce programs.

“We cannot build tomorrow’s workforce based on the blueprint for yesterday’s economy,” Budd said in bringing forth the legislation with Republican Sens. Dave McCormick of Pennsylvania, Chuck Grassley of Iowa, Pete Ricketts of Nebraska and Jim Justice of West Virginia. “By modernizing Pell Grant eligibility, we can open the door for millions of Americans to gain in-demand skills, while creating more family-sustaining careers.”

Promoting Employment and Lifelong Learning Act, known also as Senate Resolution 1639, was immediately routed to the Finance Committee chaired by Sen. Mike Crapo, R-Idaho. Grassley is among the membership, as is Senate Majority Leader John Thune, R-S.D.

Budd and his colleagues say the proposal provides American businesses with “a broader, better-prepared talent pool ready to meet the demands of a rapidly evolving economy.”

“In as little as eight weeks," Budd said, "students can earn industry-recognized credentials and practical knowledge – the real currency of today’s labor market. It’s time to build a workforce strategy as modern and dynamic as the economy we’re preparing it for.”

McCormick pointed to the emphasis on four-year college educations and said “the same respect and support” directed there should also be directed to vocational opportunities. Ricketts said there’s a worker shortage in America, and the bill is a win for workers, employers and consumers.

“Too many students are pushed into debt seeking a four-year degree that doesn’t suit job market demands,” Grassley said. “That needs to change.”