If you have been anxiously awaiting the entry period for the 2009 Disney Fellowship, that time is now here. Just this week the website was updated with the new applications and information.

Here’s the skinny:

The application period ends on August 8, 2008. There is no entry fee. If you are selected, you get a stipend of $50,000 and the year starts in February 2009.

A word of warning:

It is well known that this program targets diversity applicants.

For more info, visit the 2009 Disney Fellowship website.