In October 2016, the U.S. Department of Education awarded a $2 million grant to Social Finance, Inc. and Jobs for the Future to expand high-quality Career and Technical Education (CTE) programs for underserved, high-need youth through Pay for Success (PFS). This project will be completed over 48 months, from October 2016 to October 2020.
Social Finance and Jobs for the Future (JFF) held a national competition from January to March 2017 and selected four partner sites to receive technical assistance in assessing the feasibility of using PFS financing to implement a new or scale an existing CTE program. Social Finance and JFF awarded technical assistance to four CTE sites: Mahoning County Educational Services Center (MCESC), focused on regional collaboration between stakeholders in northeastern Ohio; NAF, focused on expanding work-based learning and paid internships for their work in Dallas, Texas; Pharr-San Juan-Alamo Independent School District, focused on expanding their agriculture career pathways in the Rio Grande Valley in Texas; and South Bay Community Services in San Diego, California, focused on launching and scaling their Back on Track program.
From June 2017 to November 2018, Social Finance and JFF completed feasibility studies for these four sites. Following the completion of the feasibility phase, up to three of the sites are eligible to receive technical assistance to structure projects to scale high-quality CTE programming. The ultimate aim of the CTE PFS TA program is to improve outcomes for underserved, high-need youth through fully-structured high-quality PFS projects ready to be implemented in the local CTE sites using high-quality CTE programs.