Thursday, July 1, 2010

New NB Loan Program

The National Board Certification legislation has remained the same with a few rather exciting new details. The NC-DPI application will be available later today!
The total loan is $2, 617.20
Total includes 3% interest and $117.20 finance charges
Repayment delayed for 12 months, interest free
Following the 12 month deferment, candidates will repay the loan ($72.70 over 36 months)
Repayment is waived in cases of death and disability

I've attached a new list of candidates for the 2010-2011 NBC cycle. It appears that we have over 90 candidates. Some of these teachers, media coordinators, and guidance counselors will be interested in the loan program to assist with paying for the assessment fee. The NC-DPI application should be ready later today. Please email your candidates to let them know about the loan and federal subsidy funding that is available to assist them with paying for the assessment fee. If they have questions, please ask them to email me at eedwards@dpi.state.nc.us.