Illinois could save millions of dollars on incarceration costs if the federal ban on Pell Grants for inmates was lifted, according to a new report from the Vera Institute of Justice. Pell Grants are awarded to low-income undergraduate students to help them pay for college. The report, called “Investing in Futures: Fiscal Benefits of Postsecondary Education in Prison,” cites numerous economic and other benefits to states across the country if prisoners were able to apply for and receive federal Pell Grants.