Race to Top Enters Home Stretch With 16 Finalists

When 16 finalists come to Washington next week to make their final pitches in the $4 billion Race to the Top competition, most can expect to go home empty-handed.

U.S. Secretary of Education Arne Duncan, in announcing the finalists last week, said that no more than $2 billion will be divided among “very few winners” when the awards are given out in April—and said "most" would not be victorious.

“These are the 16 best applications we received. Winning will require excellence,” Mr. Duncan said in a...

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