The US Department of Education Tuesday named Colorado as one of the 19 finalists in its â€˜Race To The Topâ€™ federal grant competition.
Of the 35 states and District of Columbia, Colorado made the cut for phase two. According to a press release from the Colorado Department of Higher Education, Race To The Top expects to dole out about $4.35 billion in grant dollars and will announce winners in December.
Colorado made the 15-state cut for phase one, in which Tennessee and Delaware walked away with grant money.
In this phase the state applied for $174 million, which would spread over four years.
The press release indicated that $90 million of that would directly affect participating school districts and the rest would supplement statewide educational efforts.
Race To The Top requires at least half the grant money go to local education agencies.
The application, according to the release, represents 112 school districts, the Charter School Institute and the Colorado School for the Deaf and Blind, equating to 740,000, or 90 percent of students in the state.