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2011-12 Principal Fellow Scholarship Loan Amounts

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WHAT DOES IT TAKE TO BE THE BEST?

You need to keep your edge. Constantly. How do you get off to a smooth start? How can you establish credibility quickly? How do you work effectively with your principal? And how can you manage everybody’s expectations? Turn to the North Carolina Principal Fellows Program and your PFP Campus Coordinator for support and use the resources on the links to the right to increase your knowledge and further your leadership development


2011-12 Principal Fellows Scholarship Loan Amounts

First Year Fellows

The Principal Fellows Program scholarship loan for the 2011-2012 academic year for first year Fellows is $30,000. Funds will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $15,000 per semester. Tuition and fees will be deducted from the $15,000 at the beginning of the semester and the Fellow will be able to access the remainder of the $15,00 from the financial aid office.

By meeting the criteria for renewal, Fellows will qualify for continuation of the scholarship loan for the 2012-2013 year in the amount of $26,786. In addition during the second year Fellows will receive an internship stipend of $15,124 for ten months. The award and renewal are contingent upon appropriations made by the North Carolina General Assembly.

Second Year Fellows

The Principal Fellows Program scholarship loan for the 2011-2012 academic year for second year Fellows is $41,910. The funds will come from two sources

Source #1: $26,786 (60% of a first year assistant principal’s 2011-12 monthly salary per month multiplied by ten, plus $4,100 for tuition and fees.) Funds will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $13,393 per semester. Tuition and fees will be deducted from the $13,393 at the beginning of the semester and the Fellow will be able to access the remainder of the $13,393 from the financial aid office.

Source #2: $15,124 (40% of a first year assistant principal’s 2011-12 monthly salary per month multiplied by ten). Funds will be allotted from the North Carolina Department of Public Instruction to the school district in which the Fellow is participating in the internship. Each Fellow will receive a monthly check for the school system for $1,512.40 less all applicable taxes.

Required Forms for Second Year Fellows

Fellows are required to complete the following forms by the stated deadline:

  1. DPI Verification of Internship Form: Fellows should give their completed form to their campus coordinator for a signature and then mail the original document to the Principal Fellows office by May 31. The PFP office will process the form and send it to DPI Licensure so Fellows will receive credit for one year of experience on their teaching license for their internship.
  2. Notification of Employment Form: Fellows are required to send this form to the State Education Assistance Authority and a copy to the Principal Fellows Program office. Submission of this form ensures that the SEAA has documentation that the Fellow has been hired for a school executive role and can begin the repayment of the scholarship loan through service as a school administrator in a North Carolina school. Fellows should contact the PFP office for a copy of this form.

Principal Fellows Enrichment Seminars

Principal Fellows participate in enrichment seminars designed to provide leadership development and information to help prepare them for school leadership positions. Information concerning upcoming enrichment seminars will be posted on the website.

Resources for Principal Fellows

Links to several professional organizations are included on the right. Fellows may find the following articles helpful as they begin the search for employment:

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