Results-Based Financing for Preschool Catching On

Under "results-based financing," also known as "pay-for-success" or "social impact bonds," private investors or philanthropists provide the initial funding for social programs that are expected to save taxpayer dollars down the road. If the policy goals are met and the savings materialize (according to third-party evaluators), the investors receive their money back with interest. However, the government doesn’t have to pay out more than it saves.

By Adrienne Lu, Staff Writer

Full Story: http://www.pewstates.org/projects/stateline/headlines/results-based-financing-for-preschool-catching-on-85899542394