Faculty Educational Advancement Initiative
Op1.02-9 Faculty Educational Advancement Initiative The Faculty Educational Advancement Initiative (FEAI) consists of Forgivable Loans
and Loan Reimbursement Programs made available to eligible persons in exchange for
their written commitment to work at Missouri State University for a stipulated period
following their successful completion of their terminal degree. Eligible persons shall meet selection criteria established by an Oversight Committee
and approved by the President of the University. Eligibility criteria shall include: In exchange for a candidate's written commitment to work at Missouri State University
(MSU), the University advances a loan to an individual up to $15,000 per year for
a maximum of 5 years in order to cover the cost of expenses obtaining a terminal degree.
After successful completion of the terminal degree, the candidate returns to work
at MSU. The loan would be forgiven in annual stages as the employee completes the
agreed term of work (e.g. $15,000 is forgiven at the one-year anniversary of employment,
another $15,000 is forgiven at the two-year anniversary, etc.). In exchange for a candidate's written commitment to work at Missouri State University,
the University promises to provide employment to the successful candidate and supplemental
pay up to $15,000 per year for a maximum of 5 years to cover the cost of expenses
obtaining a terminal degree. After successful completion of the terminal degree, the
candidate returns to work at MSU. The supplemental pay would be made annually upon
completion of each year of employment. If the student does not work for the period
of time agreed upon, the University will only pay that portion of the debt for the
number of years worked. After being selected to the program, the recipient doctoral student must submit to
both the sponsoring academic unit and the FEAI Oversight Committee a transcript of
the previous semester's work, or following the completion of all required course work,
documentation of progress made toward completion of the dissertation.cThe academic
unit and FEAI Oversight Committee will periodically review the academic progress of
the doctoral student and will report to the President and Provost in writing that
adequate advancement toward a doctoral degree is being made. Should the President and Provost, after consultation with the academic unit and FEAI
Oversight Committee, determine that a student is not making satisfactory progress,
the student will be notified and no additional funds will be granted in the case of
a forgivable loan and no future payment in the case of a loan reimbursement will be
made. If at any time a student's GPA falls below 3.0 or the student receives a grade
of "C" or below on their transcript on the doctoral coursework, the University's obligation
terminates. Students are expected to successfully complete the program within 5 years. Each student must sign a written contract that delineates the terms and conditions
outlined in the FLP or the LRP contract in the event of failure to complete the program
(i.e., the student must repay the forgivable loan--or a pro rata portion thereof--
in the case of the FLP, or not be reimbursed for educational expenses--or a pro rata
portion thereof--in the LRP.)
Forgivable Loan Program (FLP)
Loan Reimbursement Program (LRP)
Guidelines and selection of candidate
Academic progress and timeline for completion
Repayment/non-completion