The creation and deployment of face recognition models need to identify low-resolution faces with extremely low computational cost. To address this problem, a feasible solution is compressing a complex face model to achieve higher speed and lower memory at the cost of minimal performance drop. Inspired by that, this paper proposes a learning approach to recognize low-resolution faces via selective knowledge distillation in live video. In this approach, a two-stream convolution neural network (CNN) is first initialized to recognize high-resolution faces and resolution-degraded faces with a teacher stream and a student stream, respectively. The teacher stream is represented by a complex CNN for high-accuracy recognition, and the student stream is represented by a much simpler CNN for low-complexity recognition. To avoid significant performance drop at the student stream, we then selectively distil the most informative facial features from the teacher stream by solving a sparse graph optimization problem, which are then used to regularize the fine- tuning process of the student stream. In this way, the student stream is actually trained by simultaneously handling two tasks with limited computational resources approximating the most informative facial cues via feature regression, and recovering the missing facial cues via low-resolution face classification.