Third Sector is currently leading a national cohort of engaged stakeholders including public systems of higher education, college access and success providers, and funders to explore outcomes-oriented Pay for Success (PFS) opportunities as a way to fund wraparound student support services that improve matriculation, persistence, and graduation outcomes for underserved students. This effort builds on a 2017 Kresge-funded engagement with uAspire, a national provider of college affordability and financial aid counseling in which Third Sector conducted a PFS feasibility assessment for text-based student support services offered by uAspire. In Promoting Student Success: Using Pay for Success to Improve Student Attainment in Higher Education, Third Sector distilled the lessons of that assessment for stakeholders interested in exploring how PFS may hold promise for achieving better outcomes for students pursuing postsecondary education.
With Kresge support, Third Sector will build from that initial feasibility and offer six months of free technical assistance and training to four states and public systems of higher education. The four partner sites in the national cohort are:
- Arizona State University
- Colorado Department of Higher Education
- Connecticut State Colleges & Universities
- Ohio Department of Higher Education.
Participation in Third Sector’s national cohort will prepare states to launch PFS projects and potentially to apply for new funding under the Fund for Innovation and Success in Higher Education (FINISH) Act which will, if passed, for the first time, authorize Pay for Success in higher education. Similarly, provider participation in the cohort will allow providers to inform, influence, and shape PFS projects that build off the various existing evidence-informed college access and success services.
If you’re interested in learning more about this opportunity, please reach out to Sarah Walton at firstname.lastname@example.org