If there is a recession, this would likely increase enrollment and more of those college-going students will again become eligible for Pell Grants, necessitating more spending.
Financial advice can be very valuable but when it comes to student loan repayment plans, there’s free advice out there.
People have alternatives to going to college in terms of better job opportunities. That makes it sort of a different picture for colleges as they’re trying to increase access, increase completion of degrees.
The budget shortfall for the Monetary Award Program creates an opportunity to study the effects of the grant program.