Elder John K. Carmack, an emeritus Seventy and executive director of the Perpetual Education Fund, told the Salt Lake City chapter of the BYU Management Society Sept. 10 the PEF has now helped more than 38,000 Latter-day Saints in 42 countries since 2001.

According to its Web site, the PEF is a "resource is for faithful young members of the church who wish to improve their education, find a good job, and better serve their family, the church, and their community." It functions by providing modest loans for education or training to young adults who would not be able to afford higher education by themselves, and is in theory modeled after the Perpetual Emigration Fund, which helped thousands of Latter-day Saints emigrate to the United States in the early days of the church.


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This story is provided by the LDS Church News, an official publication of The Church of Jesus Christ of Latter-day Saints. It is produced weekly by the Deseret News.