DENVER

Colorado Loses Third Round Of Race To The Top Funds (UPDATE)

05/26/2011 03:24 pm ET | Updated Dec 16, 2011

The U.S. Department of Education announced Wednesday that Colorado has been selected as one of nine states eligible to pursue the third round of Race to the Top education funds.

UPDATE:

The U.S. Department of Education reported Friday that Colorado has lost out again on Race to the Top funds. The state would have been awarded $60 million to invest in early education opportunities and measures to help ensure children are ready for kindergarten, according to a report by Education News Colorado.

Colorado is still among six other applicants for $17.9 million award that was made available only to finalists in the second round for K-12 education reform. Colorado's Department of Education Communications Officer Janelle Asmus told 7News that Colorado could find out if they've won by the end of the year.

In the previous two rounds, in which Colorado was a finalist both times, 11 states won grants to reform K-12 plans.

EARLIER:

Colorado has been a finalist in both round one and round two of the previous Race to the Top funding rounds, but has yet to receive any federal dollars. In response, U.S. Senator Michael Bennet said "as was widely known throughout the education reform community, our state deserved to win an earlier Race to the Top round."

Governor Hickenlooper said in a press release Wednesday, "Colorado will build on our previous Race to the Top applications, forge ahead with the reform efforts we already have underway and hopefully secure this federal funding."

If selected, Colorado could receive between $10 to $50 million for creating transformative early learning plans.

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