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Why Scholarships Are Needed
  • According to the National Student Loan Survey today's graduate students borrow, on average, $31,700.
  • Average percentage of monthly income which goes toward student loan payment is 12.9 percent beyond their undergraduate loans. This has increased 72 percent since 1997.
  • Of all graduate students, 31 percent said loans caused them to delay buying a home.
  • Of all graduate students 10 percent said they had significantly changed their career.
  • The average monthly education loan payments for students who borrowed for graduate school are $273.
  • When this is compounded by one student debtor marrying another, the effect can be devastating.
  • Large education debts inhibit the student's ability to follow God's call into missions, church planting or inner city ministries.

How to Endow a Scholarship

Updated: Thursday, August 2, 2012 4:20 PM


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