The Perpetual Education Fund

"I was wondering if you could tell me, or just study it for yourself, how the Perpetual Education Fund works. I was thinking about it the other day and I know it has advantages for returned missionaries. Maybe send some facts about it and stuff of that nature."

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, Chile, Mexico, 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.

Questions and Answers about the Perpetual Education Fund