The OLT Program underwent a thorough review beginning in the fall of 1989. No new scholarship applications were accepted while opinions were sought from the Seminary Consultation on Mission, overseas bishops, past program participants, seminary deans and admissions officers, the Partnership Officers and other Episcopal Church Center staff to determine how best to meet everyone’s needs, given the budget restraints now imposed. A revised program was developed, with further revisions incorporated in 1992. One goal of the program is to offer educational opportunities to both genders, so a target is set of equal numbers of men and women as participants.

Candidates seeking theological education that is beyond the basic programs in their own countries for ordained and lay ministry have two options for pursuing advanced training:

1. Candidates seeking advanced theological training in a neighboring province (a "south-to-south" placement) may apply for financial aid from the OLT Program. The candidate must include with his/her application a budget sheet showing estimated expenses for one academic year, estimated resources for one academic year, and estimated resources from family and home church. Grants from the OLT Program will not exceed US$5,000.00 per academic year.
   
2. Those seeking Master’s Degrees at one of the eleven Episcopal seminaries in the US may apply to the OLT Program. The OLT Selection Committee will screen applications, identify provincial priorities and recommend a list of candidates to the Episcopal seminaries. It is then up to the seminaries to initiate an application process with those candidates that meet the seminaries’ criteria. Funds will be granted by the Episcopal Church for one round-trip airfare per year, and help with the shipping of books when the student returns home. The eleven Episcopal seminaries will be responsible for tuition, room and board. In some cases, they may expect the student, his/her family, diocese or province to provide some support.

The student accepted at an Episcopal seminary through the OLT Program will have the airfare funded so that he/she can return home for summer vacation. If it is not possible for a student to return home for summer vacation, funds can be expended to send the student to a third country, or to pay to support the student in the US over the summer.

Candidates seeking training in fields other than theology will only be funded for training in their own or a neighboring country (a "south-to-south" placement). Because education costs are so high and OLT Program budget restraints so severe, funds will not be expended to bring a candidate to the US for study or to support a candidate in the US. The candidate must include with his/her application a budget sheet showing estimated expenses for one academic year and estimated resources from family and home church. Grants from the OLT Program will not exceed $5,000.00 per academic year. The bishop and/or archbishop must guarantee that the candidate will return to a specific job in the church, in which the candidate will serve for at least three years.