Yesterday, the U.S. Department of Education 19 finalists in the second round of the "Race to the Top" program, which will award some $3.4 billion to winners.
In an interview with NPR's Michele Norris, Secretary of Education Arne Duncan said that many of the 35 applicants — 34 states, plus the District of Columbia — had improved on their first-round proposals, and he expects to allocate money to more than half the finalists.
Duncan said that, while $3.4 billion may seem like a lot of money, it represents less than one percent of what the U.S. spends on K-12 education annually. "Race to the Top" is most effective as a motivational tool, he argued.
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