Catalyzing Career and Technical Education through Pay for Success

Pathways to Prosperity Network

Building Career Pathways to Help More Students Succeed

Building systems of career pathways linking high school, work, and community college, to increase the number of youth who complete high school and attain a postsecondary credential with labor market value.

Amy Loyd
Associate Vice President, Building Educational Pathways for Youth
617.728.4446 x282
aloyd@jff.org
@amyloyd1

Catalyzing Career and Technical Education through Pay for Success

                     

Social Finance and Jobs for the Future (JFF) have selected the awardees of the first Pay for Success competition in K-12 education. The sites are: South Bay Community Services in California, NAF in New York, Mahoning County Educational Services Center in Ohio, and Pharr-San Juan-Alamo Independent School District in Texas. Funded through a grant from the U.S. Department of Education, JFF and Social Finance will support the sites in exploring how to use the Pay for Success model to develop and expand career and technical education (CTE) programs for underserved, high-need youth. The projects will create and scale effective programs that improve young people’s access to postsecondary education and employment opportunities. 

View the Press Release

Read Forging a New Path: Using Pay for Success to Build Career Pathways for Underserved, High-Need Youth, a blog authored by Anna Fogel, Social Finance's director of advisory services

Read about the PFS projects in Ed Week

Follow us on Twitter at hashtag #PFS4CTE

 

How will Pay for Success Make a Difference for your CTE Program?

 

“Today’s economy demands a better educated workforce than ever before with more technical skills needed than in the past. We are honored to partner with Social Finance and Jobs for the Future to support our young people’s career and technical education so that they may be competitive and gain stable high-paying jobs.”

Kathryn Lembo, South Bay Community Services chief executive officer and president

 “In addition to creating and advocating for more work-based learning opportunities, the support will greatly benefit one of our newest initiatives, Future Ready Labs, which will provide a scalable approach for students and employers to join forces to design a locally targeted and high quality paid internship program. There is truly strength in numbers and by coming together to ensure that our high school students are future ready, our world will be a brighter and more productive place.”

JD Hoye, NAF president

 

 

The Mahoning County ESC and our partner districts are excited and grateful that we will have the opportunity to expand and grow what we have been able to accomplish with our Mahoning Valley Prepared for Success Straight A Grant. Now we have the opportunity to extend what we are doing to other districts. Pay for Success will also help to expand what we are doing with Career Readiness to now include internships and job shadowing opportunities. The ultimate goal for us is to provide a larger, more skilled workforce for the Mahoning Valley."

Dr. Ron Iarussi, superintendent of Mahoning County Educational Service Center and Mahoning County Career and Technical Center

 

 

"We are looking forward to working with Jobs for the Future during this feasibility study to help explore potential additional funding to expand our Agricultural Academy, and possibly other pathways/academies at PSJA ISD. This is an important field in our area, and this program will ensure continued growth in our community."

Dr. Narciso Garcia, PSJA ISD deputy superintendent

How do Pay for Success Projects Work?

This grant will cover the upfront costs of assessing the feasibility of, and developing, Pay for Success projects in each of the sites. Social Finance and Jobs for the Future will provide technical assistance to each site to assess the feasibility of using Pay for Success in their jurisdiction, and will work with up to three sites to then structure a Pay for Success project. In terms of timing, each feasibility study will last for six months and project development can take up to 12 months following feasibility.

The goal of this 18-month feasibility and project design phase, funded by the grant, is to design Pay for Success projects. During the project design phase, Social Finance will raise private capital to cover the cost of scaling CTE services for underserved, high-need youth. Pay for Success projects generally provide multiple years of services and measurement of outcomes, often lasting between four and six years with service budgets of approximately $10 to $20 million. Social Finance and Jobs for the Future will work with each site to structure a project timeline and budget that meets their local requirements.

Informational Webinar

Social Finance and JFF hosted a webinar about about the Pay for Success competition and application process on January 27, 2017. View a recording of the webinar below.

Resources