Forgivable Loans and Loan Reimbursement Programs shall be 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, 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 Missouri State. The loan would be forgiven in 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 Missouri State. 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 (“student”) must submit to the Department/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. The Department/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 Department and 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, absent exceptional circumstances, the University’s obligation terminates.
Students are expected to successfully complete the program within 5 years.
Each student must sign a written commitment to the terms and conditions outlined in the Forgivable Loan Program or Loan Reimbursement Program Agreement in the event of not successfully completing the program (i.e., the student must repay the forgivable loan--or a pro rata portion thereof-- in the case of the Forgivable Loan Program, or not be reimbursed for educational expenses--or a pro rata portion thereof--in the Loan Reimbursement Program).
Responsible administrator and office: Vice-President for Diversity and Inclusion
February 11, 2013