Ideas We Should Steal: Training Workers for Well-Paying Jobs

Media March 14, 2023

“That’s where Social Finance came in. The state had heard about the Boston-based UP Fund, which provides loans for career training programs. Students pay back the loans only if they secure and keep a job above a certain salary; that money goes back into the program to provide loans for other people, making it somewhat self-sustaining.

The state of New Jersey wanted something similar, and Social Finance helped the state set up the public-private partnership, finding a loan administrator and managing communications between private companies and the various state agencies involved.”

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