Pell Funding: Is it Out of Control-- and Who Does it Support?
Catching up on my reading from the last few weeks and want to draw your attention to this bit of reporting from Inside Higher Ed . Key lessons here: (1) Pell spending leveled off in the last year. (2) A very sizable fraction of Pell dollars are still going to for-profit institutions, but this has declined a bit in the last year. (3) We could cut total Pell spending by $15 billion dollars (almost 45%) simply by deciding that public dollars cannot be spent at for-profit institutions. This would make Pell policy consistent with the policies of most state grant programs. The Bill and Melinda Gates Foundation is spending $3.3 million on efforts to " re-imagine aid design and delivery ." I'm hoping they will revisit the decades-old decision to offer aid through a voucher system that rests on the premise that maximizing choices in an open market will promote the well-being of all students and the national interest in an educated citizenry. But absent that, let's hope they p...