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For week ended March 12, 2000 Posted 24 Feb 2001
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News about Mormons, Mormonism,
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Sent on Mormon-News: 08Mar00

Summarized by Kent Larsen

President Hinckley Announces Educational Assistance Fund At National Press Club
Kent Larsen 8Mar00 N1

WASHINGTON, D.C. -- Speaking at the National Press Club in Washington D.C., President Hinckley departed somewhat from his prepared remarks (available on the LDS Church's website) and announced that the LDS Church is preparing to establish an educational loan program to assist LDS Church members outside the United States in obtaining higher education. The exciting announcement comes after the number of LDS Church members outside the U.S. has exceeded those inside the U.S.

Hinckley described the program as a kind of "Perpetual Education Fund," calling it after the Church's Perpetual Emmigration Fund, which was used in the latter part of the 1800s to assist Church members emmigrating to Utah from around the world.

His prepared remarks, available at h ttp://, President Hinckley said:

"We face a new challenge today. In the underdeveloped countries we have young men and women, many of them of capacity, but without opportunity to improve themselves. They cannot do so without help. We are now assisting some and are working on plans to assist many more to acquire education in their own lands. We are providing a ladder by which they can climb out of the impoverishment that surrounds them to make something betterof their lives, to occupy places of honor and respect in society, andto make a contribution of significance to the nation of which they are a part."

But in the remarks he delivered, he described the program as a revolving loan program that he said the Church was preparing.

Elsewhere in his remarks, Hinckley said that the Church was offering assistance to the victims of flooding in Mozambique, renting two helicopters to ferry food, supplies and aid workers to where they are needed and providing some food and supplies.

The talk was available live only on KUED radio, which also broadcast the National Press Club luncheon live over the Internet. Transcripts, audio and video tapes of the speech can be purchased from the Federal News Service at (888) 343-1940.


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