In: Economics
. In 1973, the Basic Education Opportunity Grant (later renamed the Pell Grant) was established to provide grant aid to low-income students—not just recent high school graduates (“traditional students”) but also older students who might be returning to school (“nontraditional students”). The program was intended to increase college enrollment among the students most likely to face difficulties financing a college education. a. How is the effect of the Pell grant on college enrollment different for a student who is in his mid-20s than for a recent high school graduate?
If the Basic Education Opportunity Grant aimed to provide aid to
the lower student and the older students, then it would be aimed at
the higher school students Due to this, the program, the aim was to
increase the college enrollment and how the students would likely
to face the financing a college student, would be dependent on the
quota and the government aid. For example, if the price of the
education is of the Y2 then due to the government aid and quota it
would lead to the lower price and selling out the seats at the same
quantity. The extra incentives to aid the older students and the
lower class would be granted through the government funds. The
product which is the college would not suffer from the regulated
prices as the government is aiming to support the lower class with
the grants and aid.
They would be depending on the promoted depending on the higher
education, that can aim to be depending on social equity. Relating
to the model, depending on the universities, that would be based on
equity and excellence.
The Pell grant on college enrollment that can be different as more
older age students would be willing to enroll and there would be
lower-income students competing at the same level. Socially
optimality, it would increase the overall quality of education,
standards, and aim for equality in the long term.