Georgia will find out this afternoon whether it's one of the winners of Race to the Top grant money. Federal education officials will make the announcement at 1pm.

Georgia, 14 other states and the District of Columbia made the final round for consideration. Winning states would get a share of $4 billion of cash. Georgia's cut could be up to $400 million if it's one of the winners.

The Obama administration created the Race to the Top grant contest last year looking to spur innovative ideas and strategies in education around the nation.

Part of Georgia's plan includes paying teachers on performance rather than their education level. Twenty-three school systems in the state would share money should Georgia be named one of the winners.

Tags: Georgia, education, teachers, GPB Education, Race to the Top, federal grant, Obama administration, performance pay