U.S. Secretary of Education John B. King Jr. and Deputy Assistant to the President for Education Roberto Rodríguez will participate in a discussion at the Pay for Success (PFS) conference at the U.S. Department of Education headquarters at 8:30 a.m. on Friday, June 10, 2016.
The goal of the event is to create a forum where interested philanthropists, investors, educators, state and local policy leaders and other members of the public will discuss and share information about potential opportunities to improve educational outcomes for at-risk students using pay-for-success models. PFS is a relatively new strategy designed to test and advance promising and proven interventions, while providing taxpayer (or other) dollars for successful outcomes for families, individuals, communities or natural resources. Through PFS, government (or another entity) enters into a contract to pay for concrete, measurable outcomes once they are achieved for specific people or communities in need. Instead of funding services regardless of the results, payments are made only if interventions actually achieve the outcomes agreed upon in advance.
James Cole Jr. general counsel, delegated the duties of deputy secretary, will deliver the closing remarks at 4:45 p.m. Other senior administration and education officials will hold sessions throughout the day. See agenda attached.
Because of limited seating, the event is not open to press, but the public can access the live stream at: Edstream.ed.gov