Source: Hechinger Report
Utah: Granite is the first district in the nation to be financed by private investors who pay upfront for preschool seats, and make a profit if enough of the district’s “at-risk” kids succeed. The controversial financing tool, often referred to as a social impact bond, has allowed this cash-strapped district, one of five in the Salt Lake City area, to provide high-quality early education to thousands of poor 3- and 4-year-olds who might have otherwise stayed home.