How to Apply?

Applying for and Succeeding with a PEF Loan

If you have found that a PEF loan is needed, your next step is to apply for a loan. You may use a computer at your local Self Reliance Center, Institute of Religion, Family History Center, or anywhere else there is an Internet connection.

Steps for Obtaining a PEF Loan:

  1. Attend a PEF preparatory class. If My Path assessment and Education for Better Work group are not yet available, the Planning for Success workshop will continue to be the preparatory class.
  2. Select a preferred job, preferred program, and preferred school from the local PEF Preferred List.
  3. Select a PEF Loan Mentor.
  4. Be interviewed and endorsed by a member of your bishopric or branch presidency.
  5. Complete the online loan application at pef.lds.org using your LDS Account username and password.

If you have questions about the application, you may call the Help Desk team at the PEF Mentoring Center. Volunteers in your stake may also be able to help you.

Your application will be reviewed online by qualified staff to make sure it is a good plan for your local area. If there are questions, they will get back with you. Then it will be sent to a PEF Loan Committee to make a decision on your loan request.

Who may apply for a PEF loan?

  • Temple-worthy member of The Church of Jesus Christ of Latter-day Saints living in a country where PEF loans are available.
  • 18 years of age and older
  • If Young Single Adult, enrolled and active in an Institute of Religion (married students and those over 30 are not required to attend institute)

Is PEF available in the country where I live?

PEF has been approved and is available in the following countries:
American Samoa Honduras Peru
Argentina India Philippines
Barbados Indonesia Puerto Rico
Belize Ivory Coast Russia
Bolivia Jamaica Samoa
Botswana Kenya Sierra Leone
Brazil Kiribati South Africa
Cambodia Lesotho Spain
Cape Verde Liberia Suriname
Chile Madagascar Swaziland
Colombia Malawi Tanzania
Costa Rica Mexico Thailand
Dominican Republic Mongolia Togo
DR Congo Mozambique Tonga
Ecuador Namibia Trinidad and Tobago
El Salvador Nicaragua Uganda
Fiji Nigeria Uruguay
Ghana Pakistan Vanuatu
Guatemala Panama Venezuela
Guyana Papua New Guinea Zambia
Haiti Paraguay Zimbabwe

What is the My Path Assessment and Education for Better Work group?

My Path is a short, personal assessment that will help you develop a plan for achieving self-reliance.

If your plan involves additional education, you will be invited to attend an Education for Better Work group—a learning process that helps prepare you to succeed in school and also helps you to decide whether a PEF loan is right for you.

My Path assessment and Education for Better Work group will be availabe in your nearest Self Reliance Center.

Education for Better Work will replace the Planning for Success workshop when it becomes available.

What is the "PEF Preferred List"?

The PEF Preferred List is a list of good jobs in your area and the local programs and schools that will lead to these jobs. The PEF Preferred List helps you by making sure you acquire skills and training that are in demand in the local economy.

PEF loans are only approved for programs and schools found on the PEF Preferred List. This list is prepared by your local Self-Reliance Center and is available by signing in here.

What is a “PEF Loan Mentor”?

A PEF loan Mentor is a responsible adult who provides counsel and guidance to you as you work towards achieving your educational and career goals as well as encourages you to honor your commitment to pay back your PEF loan.

The PEF Loan Mentor is not a loan co-signer or guarantor and has no financial obligation associated with the PEF loan.

What may PEF loans be used for?

  • Technical, vocational, or professional education that leads to a viable job in the local area (see "What is the 'PEF Preferred List?'" above).
  • Tuition, books, and fees, such as graduation, licensing, or certification costs.

How do I pay back my PEF Loan?

  • Small monthly payments are made while in school in order to establish good payment habits and to reduce the loan balance.
  • Six months after graduation (or withdrawal), higher monthly payments begin based on an established schedule and a small amount of interest.
  • The Perpetual Education Fund allows you to “pay back” part of your PEF loan by (1) getting good grades, (2) graduating, (3) meeting your employment goal, and (4) making loan payments on time. These are called performance incentives and they can reduce the balance of the PEF loan by up to 40%.
  • If all performance incentives are achieved, the loan can be completely repaid after three or four years of graduating.

“We have begun this work of making it possible for our faithful and able young men and women to climb the ladder which will assure them of … success.” Gordon B. Hinckley, Ensign, Nov. 2001, 53

Frequently Asked Questions

The following information provides answers to common questions about the PEF program.

Contact PEF

To find the PEF Mentoring Center assigned to your country, click on the region where you live on the map or select a country from the drop-down menu.