Tuesday, February 22, 2005

5. Repayment Charter

Students from all the educational programs, individuals assisted by the Advisory Committee as well as any individual assisted by the organization in any way will be required to sign the Repayment Charter.

The goal of the Repayment Charter is for the Education Foundation's beneficiaries to consider that they have an obligation to repay, financial and otherwise, to the Foundation in whichever way they can.

(a) Returning Graduates

Returning graduates would be expected to join Graduate Clubs that will be established.

Members of a Graduate Club will be encouraged to work to extend the goals of the Education Foundation. Participation in their local Education Foundation programs, if any, in whatever role is most appropriate, including:

  • as a local education teacher;
  • as a visiting teacher;
  • as a general help;
  • as a fundraiser in their own country and elsewhere;
  • as a help in contacts with governments and with government departments;
  • as a model for actual and potential students to highlight the Education Foundation's goals and objectives;
  • as a model for governments and government departments, to show what the Education Foundation's goals and objectives;
  • as an advisor to the Advisory Committee;

    The ongoing role of Education Foundation Graduates is fundamental in the promotion of the philosophy of the Education Foundation, which means the promotion of the importance and benefits of an independent education for all, as well as the promotion of freedom in both political and economic terms.

    (b) Graduates not returning to an Approved Country

    Graduates deciding not to return to an Approved Country and to live and work elsewhere will also be able to assist the Education Foundation.

    If there is no Graduate Club and there are sufficient numbers in that country, a new Club can be formed. Otherwise, those Graduates would become members of the Graduate Club of their country of origin.

    While these Graduates will not be able to work promoting the Education Foundation's work in their countries of origin, on the ground, they are still able to assist the Education Foundation.

    Examples of possible work of non-returning Graduates in their countries of residence include:
  • arranging any funding which may be available in the countries in which they live, governmental and otherwise, with the goal of minimizing the funds available to the Education Foundation for use to further the Education Foundation's programs and goals.
  • opening up educational programs for Education Foundation students to attend.
  • promoting the Education Foundation and its goals in their country of residence, to government and otherwise.
  • promoting the Education Foundation and its goals in their country of residence, to the Graduate's own government representatives located in that country.

    (c) Entrepreneurs and others assisted by the Education Foundation

    All those receiving assistance and advice, etc., from the Education Foundation would be expected to join the Graduate Clubs or Friends Associations in their respective countries. These members will be required to offer all possible assistance in developing the Education Foundation and its aims.

    Membership of the Friends Association is open to anyone supporting the aims of the Education Foundation.

    (d) Repayment of scholarships

    The Education Foundation's Graduates, each of whom have received a scholarship, and all those receiving financial assistance from the Education Foundation, would be expected to repay the amounts that they have received. These repayments would be extended over a long period of time, so as to ensure that the Graduate who begins his work can be able to establish himself in his chosen profession or business, without the overwhelming burden of the above mentioned repayment obligations.

    Graduates who return to an Approved Country, will be given longer repayment periods (say 20 years, versus 10 or 12 years for those that choose to continue their careers in a developed country). The Chief Financial Officer will establish repayments terms.
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