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In a video just released by Presbyterian Mission, Financial Aid for Service is drawing attention to its Transformational Leadership Debt Assistance (TLDA) program. TLDA offers $5,000 loans —with forgiveness for service — to qualifying pastors of churches with 150 or fewer members and to qualifying pastors of new worshiping communities.
As a new class of PC(USA) seminary students matriculates this fall, many find themselves entering graduate school not only with great anticipation and an unwavering commitment to serve Christ’s church, but also with unprecedented student loan debt.
As the Rev. Dana Vaughn was completing her studies at Union Presbyterian Seminary in Richmond, Virginia, the Presbyterian Mission Agency (PMA) was innovating several new initiatives designed to allow Vaughn—and a new generation of risk-taking pastors like her—to change and transform the world through their ministries, all while freed from the burden of educational debt.