Finance and Student Debt
The Educational Debt of Theological Students
The rising costs of a seminary education and increasing amounts of student indebtedness are serious issues that impact theological schools and the students they serve.
The Gathering Storm
By Anthony Ruger, Sharon L. Miller and Kim Maphis Early
In this Issue:
• In the last decade, the percentage of students who have
debt has increased, and the average amount of debt has
• What are the ways that graduates, theological schools and
denominations have found to avoid debt or minimize
RESOURCES FOR STUDENT FINANCIAL PLANNING
Resources for Financial Aid Officers
Here are some resources for you and your colleagues to use to raise the financial awareness of your students and counsel them as they make decisions on financial matters.
Click here for a step-by-step guide on financial planning.
Are you Mortgaging your Ministry? Student Loans and Seminary Cost
A 30-minute video introduces five recent seminary graduates, some of the financial challenges they faced and decisions they made. Two experienced seminary administrators also offer advice on how to manage finances while in school.
Financial Planning Worksheets
Click here for Excel worksheets to help you plan and manage your finances while in theological school:
• Monthly Budget Schedule
• Spending Worksheet
• Debt Affordability Calculator
• Debt Repayment Plan
• Post-Graduation Budget
Manna From Heaven? Theological and Rabbinical Student Debt
By Anthony Ruger and Barbara G. Wheeler
In this Issue:
• How prevalent is educational debt among theological students and are the amounts
borrowed reasonable, or too high?
• How dependent are schools on funds that students obtain through loans?
• What effect does debt have on graduates and their careers?
Background Reports are on following page