; (2) in paragraph (13), by striking the period and inserting ; and ; and (3) by adding at the end the following: (14) making all forms of postsecondary instructional content widely available, which may include the use of open educational resources (defined, for purpose of this paragraph, as teaching, learning, or research resources that reside in the public domain or have been released under a copyright license that permits their free use, reuse, modification, and sharing with others). . 4. Pay for success initiatives Part B of title I of the Higher Education Act of 1965 ( 20 U.S.C. 1011 et seq.) is amended by adding at the end the following: 124. Pay for success initiatives (a) Definitions In this section: (1) Eligible entity The term eligible entity means a partnership between— (A) a private entity (which may include a private nonprofit entity); and (B) an institution of higher education, a Federal, State, or local public entity, or a Tribal entity. (2) Pay for success initiative (A) In general The term pay for success initiative means a performance-based grant, contract, or other agreement— (i) between an eligible entity and the Secretary or a grant recipient, as authorized under subsection (b)(1); (ii) in which— (I) a commitment is made to pay the eligible entity for improved outcomes that result in increased public value and social benefit to students and the public sector, such as increased effectiveness in improving outcomes, direct cost savings or cost avoidance, or increased public revenue; and (II) the person providing the funds under the grant, contract, or agreement imposes minimal administrative requirements to allow for maximum flexibility to achieve increased public value and social benefit; (iii) that requires— (I) a feasibility study describing how the proposed intervention is based on evidence of effectiveness, which may be a feasibility study not exclusively developed for the specific grant, contract, or other agreement