History
The LDS Church has made similar efforts in the past to provide for the temporal needs of its members. The program is modeled after the Perpetual Emigration Fund, which provided loans to more than 40,000 19th century Latter-day Saint immigrants looking to settle in the Salt Lake Valley, but lacking the funds to do so. In 1903, the church established a fund to provide aspiring school teachers with loans for school expenses. A related effort, not specifically targeting education, began in 1936, when church president Heber J. Grant set up a welfare system in order to provide a means for people to earn a living during the Great Depression.
Read more about this topic: Perpetual Education Fund
Famous quotes containing the word history:
“America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.”
—Attributed to Georges Clemenceau (1841–1929)
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—Evelyn Waugh (1903–1966)
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—Mary McCarthy (1912–1989)