Applications for New Awards; Preschool Development Grants-Preschool Pay for Success Feasibility Pilot
The purpose of this Preschool Pay For Success Feasibility Pilot is to encourage State and local PFS activity for preschool programs by providing grants for Feasibility Studies. The Feasibility Studies will determine if PFS is a viable and appropriate strategy to implement preschool programs that are high-quality and yield meaningful results. The Department, in consultation with the Department of Health and Human Services, developed the Preschool PFS Feasibility Pilot. The ultimate aim of the Preschool PFS Feasibility Pilot is to improve early learning outcomes through a High-Quality Pay for Success Project by providing grants for Feasibility Studies.
Providing every child with a developmentally appropriate, Arts based, experiential education that concentrates on discovering, developing, and directing their gifts and talents has already been proven to improve early learning outcomes.
Estimated Available Funds: $2,800,000.
Estimated Range of Awards: $200,000-$400,000.
Estimated Number of Awards: 7-14.
. . . the Department will award grants to States, Local Governments, and Tribal Governments to conduct Preschool Feasibility Pilots. PFS includes innovative contracting and financing models that seek to test and advance promising and proven interventions, while paying only for successful impacts and outcomes for families, individuals, and communities. Through a PFS project, a government (or other) entity enters into a contract to pay for the achievement of concrete, measurable outcomes for specific people or communities. Service providers deliver interventions to achieve these outcomes.
Payments, known as Outcomes Payments, are made only if the interventions achieve those outcomes agreed upon in advance. . . In these cases, PFS financing is used by bringing in Investors, which are recruited typically by an Intermediary contracted by the government. The government or other entity makes Outcomes Payments that, where PFS financing is used, repay Investors for their capital that covered the costs of services (and sometimes other projects costs) and offer them a modest return.
This is more “hedgehog” profiteering, investing in the educational success and failure of our children by using federal funding to support their investments.
Federal education funds must be used to educate children.
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