Lately I’ve been very concerned about financing seminary, even though it will be September of 2010 or 2011 before I start. One of the projects the Diocese has given to me is to pay off or at least pay down considerably the student loans I have from my undergraduate studies. There is *some* financial aid out there but most of our seminarians come out with a great deal of student loan debt. In fact, the ratio of financial aid out there other than loans to the amount of need can be summed up as that of diddly / squat.
While I am dutifully paying more than the minimum payment in the hopes to get what is considered manageable, the thought keeps coming back to me … what is the point of getting out of debt with the intention of back in, and possibly the end result being even deeper in debt once seminary is finished?
This is the point where I tend to get the most frustrated. Not only do I need to pay off / down the existing loans, but I will also need to find a way to keep my apartment in the city, regardless of where I go to school AND just the general expense of daily living (like food, clothing, etc). I mean, it’s not like I will have a husband that I live with that will be able to take on a larger share of the expenses …

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