Grant recipients risk losing millions of dollars in Race to the Top money if they fail to live up to their promises, federal education officials make clear. By threatening to revoke Hawaii's $75 million Race to the Top award for failing to make "adequate progress" on key milestones of its education reform plan, U.S. Secretary of…

During the spring of 2004, the State of Colorado enacted legislation that fundamentally changed the mechanisms through which it financed its public higher education system, beginning with the 2005-06 academic year. Rather than appropriating funds directly to institutions, the legislation created the College Opportunity Fund (COF), the principal…