"The Vera Institute of Justice and the Georgetown Center on Poverty and Inequality today released a new report, “Investing in Futures: Economic and Fiscal Benefits of Postsecondary Education in Prison.” The first of its kind report found that removing the federal ban on Pell Grants for people in prison would:
- Increase employment rates among formerly incarcerated students by 10 percent, on average; combined earnings among all formerly incarcerated people would increase by $45.3 million during the first year of release alone;
- Provide employers with a larger pool of skilled workers to hire; and
- Reduce recidivism rates among participating students, saving states a combined $365.8 million in decreased prison costs per year.
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