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Often, the challenges we face and the opportunities they create are multifaceted. The fact that many seminarians are taking significant amounts of debt with them when they graduate is no exception. One area to be addressed is the process used for awarding federal loans.
Over the past three weeks, we have gently waded into a conversation about operational models and educational debt in ATS seminaries. Over the next few weeks, we will look at an infographic that shows why we care about this topic and spend a little time talking about how much debt is too much debt.
Many in the world of theological education have assumed that one of the ways to have a significant impact on student debt would be to decrease the price of education. It seems to be common sense. As part of a research project led by Harriet Rojas and myself, we sought to test this hypothesis.
When reviewing the data we gathered, it seemed our work and reflections could be divided into three categories. Why do we care? What do we know? What can we do? Today, I begin looking at the first of those three questions: Why do we care about operational models and educational debt?