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Student Loan Debt and the American Academic Obsession

By sifilings on Tue, 01/25/11
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Student Loans
Student Loan Debt and the American Academic Obsession

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Profile picture for user Paul J. Scharf
Paul J. Scharf

NewAmen.

Tue, 01/25/11
As one who is 100% committed to Christian education at all levels — but whose enthusiasm has been informed by life’s realities — this article is a good reminder of some basic truths. “The borrower is servant to the lender.”
How many times have we heard: “Whatever you spend on education, you will make it all back.”
That may be true in medicine or law, but not in many professions. In ministry or theology, it is highly unlikely.
I would personally counsel the majority of young people to take a year off, work, mature and set a financial plan before going to college and/or take all the classes they can at community college (at much cheaper costs) while doing so.
Also, hunt for scholarships as if your life depended on it — do not take the word of the college you are looking at if they tell you that “nobody really does that…”

Church Ministries Representative, serving in the Midwest, for The Friends of Israel Gospel Ministry

Related . . .

Topics: Student Loans, Debt, Higher Education
  • Brittani Norris died in a car accident a few weeks before graduating from college - who should pay off her student loan?
  • Convent Tells Woman She Can't Become Nun Until Student Loans Are Paid Off
  • Uncomfortable truths your college won't tell you
  • Student debt and moral hazard: To forgive or not to forgive?
  • Christian Colleges Call New Federal Regulation an ‘Existential Threat’

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Whoever restrains his words has knowledge, and he who has a cool spirit is a man of understanding.

(ESV, Proverbs 17:27)

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