Black colored seminary grads, with debt higher than others, deal with money and you may ministry

Black colored seminary grads, with debt higher than others, deal with money and you may ministry

Research reveals 31% of Black colored graduates regarding 2020-2021 informative seasons had loans of $40,100000 or maybe more, weighed against 11% regarding light students.

Arizona (RNS) – The fresh new Rev. Melech Elizabeth.Yards. Thomas went to a couple of seminaries and you can graduated about 2nd, a historically Black theological university, when you look at the 2016.

“The newest university fees is faster, however, We nevertheless had to live,” he said, discussing most other seminary-associated will cost you shortly after his import of Princeton Theological Seminary towards the Samuel DeWitt Proctor College of Theology at the Virginia Relationship School. “I’m during the seminary regular. And that i got to make sure that I am expenses lease, one I am food, all these other tennessee payday loans near me expenditures.”