Agency: Education Dept. (DoEd); Program: Providing High-Quality Career and Technical Education Programs for Underserved, High-Need Youth Through a Pay for Success Mode CFDA Number 84.051C (Funding Opportunity Number: ED-GRANTS-072616-001); Eligibility: Schools and governments; Funding: $2 million for one award (10% cash or in-kind match required); Deadline: Aug. 25.
Summary: The Career and Technical Education Grants improve outcomes for high-need youth.
Specifically this grant promotes the new PFS concept that drives government resources toward high-performing social programs. PFS grantees only get paid if certain post-award metrics are achieved. The program supports the development of a financing model, high-quality PFS, to implement new or scale up existing high-quality career and technical education projects for underserved, high-need youth. DoEd will award the $2 million grant to an intermediary to provide technical assistance for four local CTE sites to test the funding model.