Inmates are not eligible to for Pell Grants, but a recent study from the Vera Institute of Justice and Georgetown Center on Poverty and Inequality suggest there is a real economic benefit to allowing those incarcerated to use funds for their education.
Employment rates for former inmates who used college programs increased about 10 percent along with earnings. The study suggested that higher wages drove recidivism rates down saving states millions.
Full Post: https://www.vera.org/publications/investing-in-futures-education-in-prison
Full Report: https://storage.googleapis.com/vera-web-assets/downloads/Publications/investing-in-futures-education-in-prison/legacy_downloads/investing-in-futures.pdf