Argument Against Making the Pell an Entitlement

My colleagues Andrew Gillen and Richard Vedder at CCAP have an excellent piece up on the CCAP blog, arguing against making the Pell Grant an entitlement:

the Pell grant is the preferred approach for the government to provide federal aid, and expanding this program is defensible even in times of fiscal stringency. But making it an entitlement and setting it to increase at the rate of inflation (or more) is a huge mistake.