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The Board established the Academic Assistance Program to encourage and help employees develop themselves, increase their productivity, and enhance their career potential. As long as funds are available, the Board will provide financial assistance to employees pursuing:

• Board-related degree programs; and
• Individual job-related courses.

For more information about the Board's Academic Assistance Program, please contact Linda Inman, ext. 3387, M-1152; Stephanie Thompson-Brown, ext. 2790, M-1153; or Henry Vicks, ext. 1934, M-1155.

   Who Is Eligible  

To be eligible, you must:

• Be a regular or temporary employee working at least 20 hours per week.
• Be in good standing and not undergoing disciplinary action pursuant to the Board's Disciplinary Actions or Adverse Action policies; or
• Have received an overall rating of Commendable or better on his or her most recent Performance Management Program (PMP) review.

   Course Limits   

Full time regular and temporary employees may receive assistance for up to $9,000 calendar year (includes tuition, textbooks, and eligible fees).

   Reimbursement Amount   

The Program will pay:

• Up to $9,000 per calendar year, of which anything over $5,250 is taxable;
• For computer, lab, registration fees, and textbooks.

If you leave the Board before completing a course, or within one year after completing a course, you must reimburse the Board for all course expenses and/or examination fees, unless you're transferring to a Federal Reserve Bank.

   Grade Requirements   

The Board's Administrative Procedures Manual contains the complete Academic Assistance policy. If the information in this website conflicts with the information in the Administrative Procedures Manual, the Administrative Procedures Manual will govern.