This month, staff and students within the school's Economics & Pastoral Leadership Project have been hard at work! The team created resources for students and alumni around the issue of student debt burden, and shared them with students at this month's annual lunch with Dean Markuly. The first of the two resources is a helpful "Fact Sheet" that outlines the issues of graduate students' and seminary students' debt burden. The second is a "Resource" that shares some loan payback strategies that may be helpful.
Thanh-Thuong (Thuong) ChuChe, Program Manager and school alumna, shared about the project and its goals with current students, and students' openness and interest in the issue of student debt burden and financial literacy gave way to an engaging conversation. We hope this conversation will continue as we work together to address this issue!?
We encourage all students and alumni who financially borrow to check out these tools, including the Repayment Estimator link, from within the "Resources" document. The "Repayment Estimator" tool calculates the estimated monthly payment a student will need to make given their total debt amount, interest rate(s) on the loan(s), income, and repayment plan. These resources are available for download from the project website (here), as well as below.?
As more resources are developed and/or collected, the project will share them with the students and school community via the monthly school e-newsletter, the project website and special events.
Also this month, the project launched phase one of its research study.? At the beginning of October, emails were sent inviting the school?s current students, alumni, executive partners, working pastors, and pastoral leaders to participate in the study?s online surveys designed for their respective cohorts.? The initial level of response from these different cohorts has been very encouraging.? We look forward to receiving more responses in the coming weeks. More soon! Check out information on the research study, here.