As of last month, the nation's students will have $790 million in new incentives to keep up their grades and study "high-demand" subjects such as math, science, engineering, technology, and certain foreign languages. To help keep U.S. students on par with students across the world when it comes to their performance and interest in these fields, the U.S. Department of Education (ED) has launched two new student grant programs.

ED's Academic Competitiveness Grants and its Science and Mathematics Access to Retain Talent, or SMART, Grants aim to encourage students to take more challenging courses in high school and to...

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