Turning around a troubled school in Camden, NJ

Lana Murray (left, with CBS News correspondent Elaine Quijano) is the new principal at Wiggins College Preparatory Lab School in Camden, New Jersey. It's a turnaround school - part of President Obama's $3 billion initiative to remake more than 700 of the nation's worst performing schools.

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Fifth grader Lebrea Stanley (right) says she wants to be a "doctor or a scientist."

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Last fall none of the kindergarten kids were reading at grade level. Today, 75 percent are above or on target.

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At Wiggins College Preparatory Lab School, the school day has been extended to 4:30 three days a week and recruited parent volunteers to work with students every week.

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To receive $2.6 million in federal grants, Wiggins was mandated to undergo major changes. — CBS News

To receive $2.6 million in federal grants, the school was mandated to undergo major changes by re-training teachers, overhauling the curriculum with intense reading and math programs and bringing in specialists to help struggling kids.

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The previous principal was fired. New principal Lana Murray was brought in. Murray has to show results by June or risk losing federal funding.

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The Wiggins fifth graders can already feel the difference. "We got the new things on the computer that we didn't have in fourth grade," says Stefahn Khalid.

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"I'm up for the challenge," Principal Murray says. "I'm excited about it. We have a lot of issues here in the school. But we can do it."

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