Revise NC Teaching Fellows Program.

HB 1197 updates the North Carolina Teaching Fellows Program by increasing forgivable loan amounts for future students and establishing stricter criteria for selecting partner teacher training institutions. Under the new rules, eligible students can receive up to $10,000 per academic year, while the program will only partner with schools that meet specific performance standards, such as high licensure pass rates and alignment with the Science of Reading. Additionally, the bill mandates a study by the Friday Institute to investigate why some participants choose to repay their loans in cash rather than fulfilling their service obligations. These changes are set to take effect for the 2026-2027 academic year, with previous program revisions applied retroactively to current participants.