Amends GS 116-209.62, concerning the NC Teaching Fellows Program (Program), specifying that funds appropriated to the NC Teaching Fellows Program Trust Fund that are unexpended and unencumbered at the end of each fiscal year remain available to the State Education Assistance Authority for the purposes established by Part 3, Article 23 (North Carolina Teaching Fellows Program; State Education Assistance), and do not revert. Effective June 30, 2019.

Further amends GS 116-209.62. Expands the Program to include all constituent institutions of the UNC System with approved educator preparation programs (EPPs), and permits the NC Teaching Fellows Commission to select for Program participation up to two private postsecondary institutions operating in the State that meet the specified standards for selection of the most effective EPPs (previously, limited participation to five institutions of higher learning with approved EPPs selected by the Commission that represent both postsecondary constituent UNC institutions and private postseconday institutions operating in the State that meet the specified standards for selection, adopted by the Commission, as specified). Makes technical and conforming changes. Effective July 1, 2019, and applies to the award of forgivable loans beginning with the 2020-21 academic year.