Each PEF participant begins at the bottom and climbs up, and we help one another along the way. The PEF path to success, represented by this arrow below, has five basic steps, each with specific activities.
Click on each of the steps below for their description:
The first step is to dream. Planning begins with a vision of what you want to do or be. Vision leads to direction and action. President Gordon B. Hinckley taught: “You have an obligation to make the most of your life. Plan now for all the education you can get, and then work to bring to pass a fulfillment of that plan” (“Four B’s for Boys,” Ensign, Nov. 1981, 40).
It will help you to attend, if possible, one of the Education and Employment firesides held in your stake or district at least annually. All Church members and friends are invited. Leaders help all who attend gain a greater vision of their potential and show how they can achieve that potential through worthy dreams, education, and better work.
The second step is to turn that dream into a powerful plan. The Planning for Success Workshop helps you clarify your vision by creating a Work Plan, an Education Plan, and a Finance Plan. These plans are essential parts of your overall plan for success. You will be able to apply your work, education, and finance plans successfully if you spend quality time doing your homework in this workshop.
This experience will also help you determine if you need a Perpetual Education Fund (PEF) loan. If a PEF loan is needed, applicants Qualify through their priesthood leaders (Priesthood Leader Endorsement). The Planning for Success Workshop taught by the institutes of religion is the key activity at this step.
If you have found that a PEF loan is needed, your next step is to apply for a loan using the online PEF Application. You may use a computer at your local LDS Employment Resource Services office, institute of religion, family history center, or anywhere else there is an Internet connection.
You will need:
If you have questions about the application, you may call the Help Desk at the PEF Service Center. Volunteers at the institute and 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.
If your PEF loan is approved, your institute representative will set up a loan interview with you where you will make important commitments.
You will need:
If your Area Office uses Debit Order or Auto Pay for loan payments, you will need to have a bank account prior to the loan interview. Please bring your bank account number and the form that authorizes the bank to make automatic withdrawals for loan payments. Your institute representative will help you with any questions.
The school you have chosen will be paid once the loan interview is complete, when your first payment is received, and after you have made an initial contact with the PEF Service Center.
This last step is the best part, and also the longest and most difficult. Over a period of years, you will study, complete your training, find better work, and keep your commitment to repay the loan. You will accomplish these goals through great effort, faith in the Lord, integrity, and growing self-reliance.
Once you enter school, there will be challenges and sacrifices to make. You might keep track of your progress by checking off each of these specific steps as you succeed:
“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
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