Summary: S.1043 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1043. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/04/2017)

Pay for Student Success Act

This bill amends the Higher Education Act of 1965 to require the Department of Education (ED) to contract with eligible entities for pay-for-success projects that develop, implement, evaluate, and promote innovative strategies for increasing the postsecondary education retention and completion rates of students who receive Pell Grants and first-generation postsecondary students.

Each entity that receives a contract must provide 90% of the project costs up front. ED may reimburse an entity for no more than 75% of the total project costs if ED determines, based on an independent evaluation, that the project is successful.