In March, the Congressional Budget Office updated its Pell funding expectations, projecting a temporary $7.8 billion in surplus balances for the roughly $30 billion program because of lower-than-expected program costs.
The government hasn’t doled out as much money as anticipated because college enrollments have declined slightly and fewer students qualify for the aid as their families continue to recover from the recession, according to Robert Kelchen, an assistant professor of higher education at Seton Hall University.
Source: Wall Street Journal 6-3-16
Say what! Bernie, did you see this?