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Jan302017

NTS Awarded Financial Literacy Grant

Lilly Endowment Inc. recently awarded Nazarene Theological Seminary a $125,000 sustainability grant to continue its work in the critical area of financial literacy for the next generation of pastors and other church leaders. NTS was one of more than 50 theological schools in the United States to receive an initial three-year grant in 2014 to implement a program to encourage seminarians to graduate with manageable (or no) educational debt. The NTS Center for Pastoral Leadership (CPL) has headed up this work, which has included extensive counseling and educational efforts directed primarily at new students, and ongoing campus educational initiatives open to the entire student body, seminary faculty and staff. These efforts are having a great impact! According to the U.S. Department of Education, NTS has the lowest student loan default ranking in Missouri and is tied for the lowest default rate in the nation—with an amazing 0% default rate! This sustainability grant from Lilly Endowment will enable the NTS CPL to continue these important initiatives and cooperate with the denomination’s larger efforts to ensure financial wellness for all Nazarene pastors.

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