Mifal Hapayis to grant 1,000 full-tuition scholarships

Project marks departure from policy of "investing only in concrete."

September 26, 2006 21:38

Ahead of the start of the academic year for Israeli colleges and universities, Mifal Hapayis will give 1,000 academic scholarships to released combat soldiers. The scholarships will cover the entire cost of tuition for all three years of study for a standard Bachelors degree, amounting to some NIS 30,000 per recipient. In total, this year's scholarships are expected to cost some NIS 30 million. Mifal Hapayis invests some 70 percent of its yearly earnings in education, said Mifal Hapayis Chairman Shimon Katzenelson, making the scholarship project "the natural continuation of decades of work on the part of Mifal Hapayis to strengthen and improve education in Israel." Even so, said Mifal Hapayis Dir.-Gen. Saul Sotnik, the two-year-old scholarship program is significant in that it marks a departure from Mifal Hapayis's previous work in education. "Throughout its existence, Mifal Hapayis invested in infrastructure and constructing educational buildings," he said. "But we will no longer be investing only in concrete. From now on, Mifal Hapayis will be involved in projects that touch people in their spirit." More information can be obtained at the Mifal Hapayis Web site (www.pais.co.il).

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