Seminary Debt – Two Cent Tuesday

For the past several months I have been “winging” it with our finances. This was somewhat intentional since we’ve been in a crazy transitional period and tracking everything was just too complicated at the time. Rather than actually look at our budget, where we’re spending, how much we’re spending, and what we’re spending on, I’ve been going with my gut feelings on how we’re doing financially.

The other day I decided to get back to our budget and, well, it wasn’t pretty. We’ve now got a little bit of debt because of some of our seminary related decisions. This got me thinking about some of the stats I read from the Association of Theological Schools. Only 43% of seminary students in 2007 graduated with NO seminary debt.

Debt stinks… so, what about you… where is your debt-o-meter currently hovering?

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