For those entering seminary that will have at least 40 years to serve after graduation
Whereas, the Oklahoma United Methodist Foundation has provided a generous scholarship grant for me to attend Seminary and/or college in preparation for appointive ministry and,
Whereas, this scholarship may be renewed for up to five years, as long as I am a full-time student in good standing and,
Whereas, the need for well-trained, committed ministers is so great in the Oklahoma Annual Conference of the United Methodist Church,
I covenant with the Oklahoma United Methodist Foundation to return upon graduation to serve under appointment of the Bishop and Cabinet of the Oklahoma Area of The United Methodist Church as an elder or local pastor of a church in the Oklahoma Annual Conference or the Oklahoma Indian Missionary Conference for two years for each academic year I receive the scholarship
that should I accept appointment in any other Conference of The United Methodist Church or in any other denomination prior to my completing my commitment to the Oklahoma Annual Conference, Oklahoma Indian Missionary Conference, or accept employment not under appointment, I will reimburse the Oklahoma United Methodist Foundation a sum equal to the amount I received from the Foundation prorated to the years remaining under this covenant plus interest of 5% apr payable in monthly installments beginning immediately upon severance of this covenant and completing such payments in no less than five years from the date of such severance
that I will not apply for, nor receive any student loans while receiving this scholarship without express written consent from the Oklahoma United Methodist Foundation
to serve in a local church as a student pastor or in some other capacity during the term of this scholarship.