Indiana has missed out in the first round of the U.S. Department of Education's "Race to the Top" competition, which will deliver $4.35 billion in school reform grants.
The agency on Thursday named 16 states as finalists in the first round of funding but they did not include Indiana. Winners will be chosen in April. Forty states had applied in the first round. A second round of applications will be accepted in June.
Indiana submitted a $500 million application in January, along with their plan called Fast Forward, which targets some of the reform areas in race to the top, according to a press release.
Indiana Superintendent of Education Tony Bennett said in a press release he's eager to hear from a review team on where Indiana's proposal fell short.