tuition

Mark Lockard 7-22-2015
Image via Brian A Jackson/Shutterstock

Image via /Shutterstock

Recently I experienced a wave of frustration related to my student loan debt. This happens from time to time, and really anything can set it off. Debt is stressful, as most of us are aware. Before I dive in, though, I’ve got to say that I’m more fortunate than many; I’ve been able to steadily pay on my debt for a while now. It’s still sizable enough to haunt me, but at least it isn’t a Poltergeist-style terror. That’s not insignificant.

Nothing so far is unique. Thousands of former students are dealing with the exact same thing, though in varying levels of distress or ease. What makes it slightly different is what degree I went into debt for.

I received a Master of Theological Studies degree from Vanderbilt Divinity School. So we’re talking about 1) a graduate degree, as opposed to a bachelor’s, which is widely regarded as necessary in this country to participate in the job market; and 2) a professional degree, meant to lead to practical ministerial work for the social good.

LeAnn Snow Flesher 8-18-2014
Sergey Nivens / Shutterstock.com

Sergey Nivens / Shutterstock.com

Editor's Note: This is the final piece in a three-part series on Financing Seminary Education. Read Part 1 here and Part 2 here

“The higher education industry is facing a multi-pronged and existential threat composed of successive waves of disruptive innovation” (Butler, “Tottering Ivory Towers,” American Interest (Sept/Oct). It seems higher education, including seminary education, is going the way of the music and media industries! Our 2,000-year-old business model of “sage on stage” could be truly doomed. The appearance of “massive open online courses” (MOOCs) over the past few years has thrown many higher education institutions for a loop, and more innovations are on the way.

In response to these new innovations higher-ed institutions, including seminaries, have tweaked their business models with a few technological modifications such as PowerPoint, email, electronic research, and online courses. But, will it be enough? Butler says “no” and so do the trends. The reality is graduates of today’s higher-ed institutions are not evidencing the competencies expected and/or hoped for by their future employers. Consequently, accreditation standards, at an all-time high in complexity, are now beginning to be challenged. Simultaneously, tuitions are costly, the economy is tough, and the job market is even tougher. The end result is that students are graduating with large amounts of student loan debt and potential students are opting out of the education market.

We began the 21st century with denominations and churches that no longer fit the needs of a shifting society, a Congress that votes against the poor and the middle class, and seminaries that face multi-pronged threats to their existence. It’s time for an overhaul!

Patrick Foster 6-16-2014

Bitcoin, a digital currency system. Creative Commons image by Francis Storr.

The King’s College, a Christian liberal arts school in New York City, announced on Friday that it has entered into an agreement with Coin.co, making it the first accredited college in the United States to accept Bitcoin for tuition, other expenses, and donations.

The college’s president, Gregory Alan Thornbury, said in a statement, “Allowing Bitcoin to be used to pay for a King’s education decreases our costs while simultaneously allowing our students to be a part of this exciting new technology.”

Coin.co, unlike most credit card companies, does not charge a transaction fee, so using the emerging payment technology could be a money saver. The college’s website lists a cost of $15,950 for 12-18 credit hours.

Stephen Mattson 6-04-2013
Christianity and money illustration,  design36 and vso / Shutterstock.com

Christianity and money illustration, design36 and vso / Shutterstock.com

Christianity can quickly devolve into caste systems, where faith communities are divided by the haves and the have-nots, the rich and the poor. Instead of unifying ourselves in Christ, we are dividing ourselves by how much money we can afford to spend.

How much money is required to be a Christian? Imagine how much money we’ve spent throughout our lifetime on “Christian” activities and products (not including tithing or mission-related donations) — now imagine if we gave this money to people who really needed it.

“Consumer Christianity” has turned our faith into a set of costs, and it’s becoming increasingly costly to maintain the Christian status quo. In John 2, the Bible tells the riveting story of Jesus entering the Temple and becoming furious at what He sees: vendors who have turned something holy into a commercial marketplace. Jesus is irate, and he basically tears the place apart because of their sin. But how different are our churches today?

the Web Editors 7-06-2012
And you thought having to pay your student loans back was bad...
 
The School of Economics and Management in Essen, Germany, is suing one of its students for completing his degree too quickly (and demanding he pay back more than $3,000 in tuition.)

Marcel Pohl, a student at The School of Economics and Management in Essen, Germany, says he couldn't believe it when he found out the university was suing him for graduating with a master's degree after just three semesters.

"When I got the lawsuit, I thought it couldn't be true," the 22-year-old told Bild. "Performance is supposed to be worth something."