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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.

Pie chart. Title: Sources for Funding your Seminary Education; Slices: Direct Seminary scholarships, student loans, gift support from congregation, employment, personal savings, other sources or gifts

 

  • Faith & Finances
    Faith and Finances is a book on stewardship, education, and ministry. It's purpose is to help students think about stewardship, educational debt, and how financial choices impact ministry.
     
  • 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