Perpetual Education Fund
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The Perpetual Education Fund is a program of The Church of Jesus Christ of Latter-day Saints, first announced by President Gordon B. Hinckley on March 31, 2001. The program is modeled after the Perpetual Emigration Fund, which provided loans to 19th century Latter-day Saint immigrants looking to settle in the Salt Lake Valley.
The Perpetual Education Fund provides loans to members of the church seeking additional education, such as vocational school or university. The Church has made loans to students in Bolivia, Brazil, Cambodia, Chile, Mexico, Mongolia, Peru, and the Philippines. The fund functions as an endowment, with all loans made from interest on the corpus, to which Latter-day Saints continue to contribute. All donations made to the fund go to the corpus as all administrative costs, such as time and expertise, are donated by volunteers in the Church.
Part of the "Perpetual" function, is a request that after completion of the education which funds were loaned for, that those who have received loans give back to the fund generously, according to their ability.
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