The U.S. Department of Education has released a new resource, the Pay for Success Toolkit: Considerations for State and Local Leaders. Pay for Success (PFS) is an innovative financing strategy that leverages private investments to address societal problems and challenges that typically use only government funds. The toolkit is an introductory guide for state and local governments and other stakeholders that are interested in exploring the possibility of a PFS project for education initiatives, or in addressing related challenges facing their communities and populations. It provides information to help stakeholders determine if PFS is a viable financing strategy by laying out the steps usually involved in conducting a feasibility study, and highlighting critical questions and important safeguards to consider when using PFS to support education programs. You can find more information on ED’s PFS activities here.