Dear Colleagues –
The U.S. Department of Education (ED) supports initiatives that are based on evidence, focused on outcomes and improve education for students at all ages, including early childhood, elementary and secondary education, career and technical education, adult education, and post-secondary education. Pay for Success (PFS) is one of several strategies that ED can use to promote evidence-based policy. It is an innovative financing model that tests and advances promising and proven interventions, while providing taxpayer (or other) dollars only for successful outcomes for students, families, communities, States, and regions.
Today, the Department released a feasibility toolkit to provide State and local leaders with general information on PFS, as well as important elements to consider in the feasibility phase (the first of 3 phases) of a PFS project.
The toolkit is available on the Department's Pay for Success Website at: https://www2.ed.gov/about/inits/ed/pay-for-success/index.html.
We will also provide a link to this toolkit on the Perkins Collaborative Resource Network (PCRN) where we share information about our PFS project underway in CTE: http://cte.ed.gov/initiatives/pay-for-success
Sharon Lee Miller, Director
Division of Academic and Technical Education