INDIANAPOLIS - The U.S. Department of Education has awarded the state of Indiana nearly $60 million as part of its Expanding Opportunity Through Quality Charter Schools Program. The funding allows the state to award subgrants in support of new or expanding charter schools.

The state will receive more than $24 million for the first budget period, which runs from October 1, 2017 to September 30, 2019. The remainder of the funding will be distributed over the course of five years.

The Indiana Department of Education says a minimum of 50 schools will benefit from the grant.

"Indiana is committed to ensuring our students receive a quality education," said Indiana Superintendent of Public Instruction Jennifer McCormick. "This federal grant specifically targets the implementation, administration, research and evaluation of charter schools."

The U.S. DOE says the major goal of the CSP is to expand opportunities for students, especially those in traditionally underserved populations, to attend charter schools. You can learn more about the program by clicking here.