THIRD SECTOR NEWSPromoting Student Success: Using Pay for Success to Improve Student Attainment in Higher Education
Working with uAspire, a national provider of college affordability and financial aid counseling serving primarily low-income and first-generation students, Third Sector recently completed a PFS feasibility assessment designed to evaluate the appropriateness of PFS for higher education, with a focus on improving student matriculation, persistence, and ultimately graduation.
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We are accelerating America’s transition to
a performance-driven social sector.
We collaborate deeply with communities nationally
to re-write how they contract for social services,
re-aligning vast amounts of public resources to
move the needle on social problems.
Our Expertise
Third Sector serves as a trusted advisor that leads governments, service providers, funders, and other stakeholders from the early exploration of Pay for Success through feasibility and project construction and to successful launch. Our team brings extensive public and private sector experience in developing innovative financing and contracting for the social sector.
What is Pay for Success?
Pay for Success (PFS) is an innovative contracting model that drives government resources toward high-performing social programs in areas such as poverty, education, child welfare, recidivism, homelessness, and wellness. PFS contracts track the effectiveness of programs over time to ensure that funding is directed toward programs that succeed in measurably improving the lives of people most in need.
