[caption id="attachment_103936" align="alignleft" width="215"] Teachers selected for the Master Teacher Corps will be paid an additional $20,000 a year.[/caption]

The Obama administration unveiled plans Wednesday to create an elite corps of master teachers, a $1 billion effort to boost U.S. students' achievement in science, technology, engineering and math (STEM).

The program to reward high-performing teachers with salary stipends is part of a long-term effort by President Barack Obama to encourage education in high-demand areas that hold the key to future economic growth—and to close the achievement gap between American


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    staff and wire services reports