Pay for Success can’t solve every social challenge alone. But it holds great promise as a bipartisan approach to build more effective, efficient and responsive government programs.

Four national experts explain the Pay for Success model, an innovative new approach to public financing that improves social programs’ effectiveness and advances evidence-based policymaking.

Recent critiques of Utah’s pioneering Pay for Success project in fact underscore a key strength of the Pay for Success approach: bringing rigor and transparency to public sector spending, which usually has neither.

The effort Goldman Sachs is leading is not to recruit future stockbrokers in preschool. The effort they’re leading is to make preschool work well enough that solid results for children have staying power down the line.

An innovative public financing approach known as Pay For Success provides a way to break the cycle of ineffective government spending on social programs.