Ten states received waivers from the most onerous parts of No Child Left Behind. Secretary Ducan answers tough questions about the exceptions.The ten states approved for flexibility are Colorado, Florida, Georgia, Indiana, Kentucky, Massachusetts, Minnesota, New Jersey, Oklahoma, and Tennessee.   

Today the U.S. Department of Education identified nine states have been selected to receive grants under the new Race to the Top Early Learning Challenge. In the press conference administration officials explain why the winning states stood out among the others.

The Administration has announced a  new "Pay As You Earn" plan that will reduce monthly payments for current college students and borrowers. The program will  offer  students the chance to limit loan payments to 10 percent of their discretionary income starting in 2012. The Administration is also planning to offer student borrowers the chance to better manage their debt by consolidating their federal student loans.