“Here [Goldman Sachs] seem to have either performed a miracle, or these kids weren’t in line for special education in the first place.” New York Times, 11/4/15.

Goldman Sachs Hands Clients Losses In 'Top Trades'

-Bev Johns

“The goal of this whole thing was to keep kids out of special ed, and on that metric it seems to have done so spectacularly.” New York Times, 10/7/15, on Pay for Success in Utah.

“Among the 110 students who had been expected to need special education had they not attended preschool, only one actually required it this year.”

“The $4.6 million put up by Goldman [Sachs] — and the $2.4 million invested by the Pritzker Family Foundation — went toward expanding an existing preschool program for poor children in Salt Lake County.”

“Here [Goldman Sachs] seem to have either performed a miracle, or these kids weren’t in line for special education in the first place.” 

“The program’s unusual success — and the payments to Goldman that were in direct proportion to that success — were based on what researchers say was a faulty assumption that many of the children in the program would have needed special education without the preschool, despite there being little evidence or previous research to indicate that this was the case.” New York Times, 11/4/15.

And now Congress is about to allow Federal education money to be spent by States or by local school districts on Pay for Success in S. 1177, the new No Child Left Behind bill (ESEA) expected to receive a FINAL vote this coming week.

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