2007-08 Principal Fellow Scholarship/Loan Amounts
First year Fellows will receive $30,000. The money will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $15,000 per semester. At the beginning of each semester, each Fellow’s tuition and fees will be deducted from the $15,000. Once the deduction is made at the beginning of the semester, each Fellow will be able to access the remainder of the $15,000 from the financial aid office for other expenses.
Second year Fellows will receive $41,400. The money will come from two sources.
Questions - contact Harry A. Starnes at: has@northcarolina.edu
First year Fellows will receive $30,000. The money will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $15,000 per semester. At the beginning of each semester, each Fellow’s tuition and fees will be deducted from the $15,000. Once the deduction is made at the beginning of the semester, each Fellow will be able to access the remainder of the $15,000 from the financial aid office for other expenses.
Second year Fellows will receive $41,400. The money will come from two sources.
Source #1: $26,480 (60% of 1st year assistant principal’s 07-08 monthly salary, pay per month multiplied by ten, plus $4,100 for tuition and fees) will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $13,240 per semester. At the beginning of each semester, each Fellow’s tuition and fees will be deducted from the $13,240. Once the deduction is made at the beginning of the semester, each Fellow will be able to access the remainder of the $13,240 from the financial aid office for other expenses.
NOTE: Second year fellows (Class 13) will receive an increase in their Spring 2008 allotment of $828 that will account for the 07-08 Assistant Principal State Salary Schedule legislated increase.
Source #2: $14,920 (40% of 1st year assistant principal’s 07-08 monthly salary, multiplied by ten) will be allotted from the NC Department of Public Instruction to each Fellow’s internship school system. Each Fellow will receive a monthly check from the school system for $1,492 less all applicable taxes.
NOTE: Second year fellows (Class 13) will receive an increase in their Spring 2008 allotment of $828 that will account for the 07-08 Assistant Principal State Salary Schedule legislated increase.
Source #2: $14,920 (40% of 1st year assistant principal’s 07-08 monthly salary, multiplied by ten) will be allotted from the NC Department of Public Instruction to each Fellow’s internship school system. Each Fellow will receive a monthly check from the school system for $1,492 less all applicable taxes.
Questions - contact Harry A. Starnes at: has@northcarolina.edu
The money will be allotted from the NC State Education Assistance Authority to each Fellow’s campus at the rate of $15,000 per semester. At the beginning of each semester, each Fellow’s tuition and fees will be deducted from the $15,000. Once the deduction is made at the beginning of the semester, each Fellow will be able to access the remainder of the $15,000 from the financial aid office for other expenses. The money will come from two sources. has@northcarolina.edu
(c) 2008