Get Goldman Sachs and Pay for Success out of ESEA reauthorization.
-By Bev Johns
We are used to grandiose claims in special education and in education generally.
Now, in Utah, Goldman Sachs Pay for Success claims a success rate of over 99 percent – reducing the need for special education by over 99 percent.
PAY FOR SUCCESS IS NOW IN BOTH THE HOUSE AND THE SENATE ESEA BILLS.
On July 16, 2015, U.S. Senator Orrin Hatch (R-Utah) issued a news release stating:
- The Every Child Achieves Act, as passed by the Senate HELP Committee, includes language that would make Pay for Success initiatives an allowable use of funds through Title I, Part D (Prevention and Intervention Programs for Children and Youth Who are Neglected, Delinquent, or At-Risk) and Title IV, which funds programs addressing student health and safety.
- On February 26, 2015, the House of Representatives approved a bipartisan amendment to H.R. 5, the Student Success Act, that would make Pay for Success initiatives an allowable use of state and local funds in Title II and in the Teacher and School Leader Flexible Grant, supporting states and school districts in improving student outcomes Get Goldman Sachs and Pay for Success out of ESEA reauthorization. | Fred Klonsky: