Counting the Cost of a Seminary Education

Tue, 2013-06-25 14:00 -- univcomm

Counting the Cost of a Seminary Education

A graduate theological degree is a valuable investment for ministry, and one that should be pursued with an understanding of the costs associated with a seminary education. The following resources are provided here to assist in understanding student financial matters, how to make wise decisions about borrowing for educational programs, and how to plan your future ministry beyond seminary.

  • Student Loans and Seminary Costs
    (This 30 minute video, "Student Loans and Seminary Costs: How to keep from mortgaging your future," was produced by the Auburn Center on the campus of Auburn Theological Seminary. This video provides suggestions on how to think through the cost of an education and how to utilize tools available to manage student financial debt.)
  • The Gathering Storm: The Educational Debt of Theological Students
    (This PDF was researched and published by the Auburn Center on the campus of Auburn Theological Seminary. This research discusses the concerns around educational debt and how seminaries might address this issue.)
  • Pastors: Resources
    (This link provides many resources through our partnership with Indiana Ministries of the Church of God. Many of the links connect with Crown Ministries or Dave Ramsey related to compensation, debt management, and budgeting.)
  • Pastoral Compensation 101: What Lay Leaders Need to Know
    (This link provides information important to understanding clergy compensation. This link is in partnership with Indiana Ministries of the Church of God.)
  • Essential Resources
    (This link is connected to our partner of Servant Solutions, the retirement management group for the Church of God. This link provides information on retirement, compensation planning, and other worksheets valuable to those planning for ministry.)
  • Recommended Reading on Personal Finances (PDF)
  • Loan Repayment Schedule (estimations)
    This link provides a repayment schedule concerning the amount you might borrow related to student loans. This is supplied as an example only. You should contact your loan holder for the most accurate information and your own circumstance.