This paper presents the U.S. Department of Education's Fiscal Year (FY) "2010 Summary of Performance and Financial Information." FY 2010 was a transition year for the Department as it moves to a new strategic plan. The Department is still firmly committed to its mission of promoting achievement and preparation for global competitiveness by fostering educational excellence and ensuring equal access. In FY 2010, the Department achieved major milestones in promoting its education goals. The Department focused its efforts on the President's goal of the United States once again having the highest proportion of college graduates in the world--a goal that drives accountability for improvement from cradle to career. It continues to work on the reauthorization of the "Elementary and Secondary Education Act of 1965." To help students struggling financially to enter college, the Department provides low-interest loans to students through the William D. Ford Federal Direct Loan Program, and continues to provide Pell Grants, to make college more affordable and accessible. Over the last two years, the Department has been able to support education jobs through stimulus funding provided by the "American Recovery and Reinvestment Act of 2009." (Contains 1 footnote.)