bruce-church (http://bruce-church.myopenid.com/) has left a new comment on your post "LCMS Seminaries - Where the Money Is. Ultra High T...":
The average Concordia Seminary St. Louis professor earns $22,923 more than the average professor at nine other Lutheran seminaries in the US. That drives up the tuition and fees costs for M Div students, and their student loan bill. This is especially bad because in 2011 the Budget Control Act said that graduate student loans would accrue interest from the day they were taken out. Now, it turns out, pastors can't even have their student loans forgiven after 10 years like other NPO workers:
Pastors deemed not to qualify for public service student loan forgiveness program
http://steadfastlutherans.org/?p=21548
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http://www.lcms.org/page.aspx?pid=651
Public Service Loan Forgiveness
Public Service Loan Forgiveness forgives federal student loan debt after 10 years or 120 qualifying payments for people working in certain public service jobs. To qualify for forgiveness, a borrower must make the right type of payments (Income-Based Repayment, Income-Contingent Repayment, or a 10-year standard payment) on the right type of loan (federal Direct Loan) while working in the right type of job (government, nonprofit, etc.). www.IBRinfo.org, is a leading source of consumer information about the programs.
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| If you touch the last image of Walther on the computer screen, your hair will miraculous stand up. |
bruce-church (http://bruce-church.myopenid.com/) has left a new comment on your post "Someone Has Sent an Insider's Report from the LCMS...":
Harrison will be able to visit a lot of LCMS students in debtors prison now:
Pastors deemed not to qualify for public service student loan forgiveness program
http://steadfastlutherans.org/?p=21548
http://www.lcms.org/page.aspx?pid=651
Public Service Loan Forgiveness
Public Service Loan Forgiveness forgives federal student loan debt after 10 years or 120 qualifying payments for people working in certain public service jobs. To qualify for forgiveness, a borrower must make the right type of payments (Income-Based Repayment, Income-Contingent Repayment, or a 10-year standard payment) on the right type of loan (federal Direct Loan) while working in the right type of job (government, nonprofit, etc.). www.IBRinfo.org, is a leading source of consumer information about the programs.
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| This is additional proof that Walther was conceived without sin. |
bruce-church (http://bruce-church.myopenid.com/) has left a new comment on your post "Judgment Day Approaches for the LCMS Seminaries":
It's hard to see how Ft. Wayne can survive this new hit. In 2011 it was determined under the Budget Control Act that in future years, graduate student loans would not be as subsidized as before, so interest would accumulate even while the student is in school, instead of only starting six months after graduation.
NOW, however, the rules say that pastors are NOT going to be able to qualify for the student loan forgiveness program for people who work at NPOs for 10 years, even though the synod suggested this was the case, and word of mouth said it was a done deal:
Caesar’s continued war against the Church…
http://steadfastlutherans.org/?p=21548
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Public Service Loan Forgiveness
http://www.lcms.org/page.aspx?pid=651
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bruce-church (http://bruce-church.myopenid.com/) has left a new comment on your post "Turning LCMS Students into Paupers So the Professo...":
Besides the links embedded in the post above, see also this post and its comments. The comments section cross-links other seminary student cost posts, and seminary professor salary posts:
September 17, 2011
LCMS Seminary Cost Scandal:
Fabulous Costs To Support Posh Professor Salaries
http://ichabodthegloryhasdeparted.blogspot.com/2011/09/lcms-seminary-cost-scandal-fabulous.html
