Expand and Enhance the Teaching Fellows Program.

HB 941 expands North Carolina's Teaching Fellows Program to address teacher shortages by providing forgivable loans to students pursuing teaching careers in high-need areas like special education, STEM, elementary education (K-6), and specific secondary subjects. The bill establishes a Trust Fund to cover loan amounts (up to $12,000 annually for up to four years), administrative costs, mentorship, and extracurricular programs like summer initiatives and alumni engagement. It requires selected colleges to meet strict standards, including high graduate effectiveness rates, alignment with "Science of Reading" training for elementary programs, and diverse school practicum opportunities. The program directly affects prospective teachers enrolled at up to 14 approved institutions of higher education who commit to teaching in qualifying licensure areas across North Carolina public schools.