How do you handle student loans?
Student loans often present a hurdle for people headed to the mission field. Pay them off as quickly as you can!
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How do you handle student loans?
How did you handle student loans?
For me it was school loans that I had to pay off before I was able to really pursue this calling to serve God overseas. School loans are a very challenging dimension of our post-college lives. We often graduate with many thousands of dollars of debt in school loans, and many times we may not have the best paying jobs when we get out of college, so it takes a while to pay these loans off.
In my opinion, I was convinced, I believe, that it isn't fair or right for me to ask supporters to pay for my school loans, because that was something that I incurred really separate from the ministry. It was a choice that I made prior to going into ministry, it was a choice that may have some bearing on what I'm actually doing, but at the same time, that's just extra money that really I should be responsible for since I incurred that loan, and those debts.
I had to make some sacrifices to be able to pay off those loans quickly, I could have taken the minimum payment route, and that would have put me 20 years down the road and paying thousands of dollars of interest, but I chose to live simply, to live frugally, to be able to take care of those loans as quickly as possible so that I would be free to go serve full-time in missions.
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This entry was posted on Monday, June 15th, 2009 at 4:23 pm and is filed under Debt and missions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
January 15th, 2011 at 1:55 pm
Haiti……..we have been feeling led to go to Haiti….But where do we stop and God start? Iwant to jump right in…but …..but….but…and what if…or what happens when?
We are trying to learn french, but Haitian Creole is the spoken language. We are studying the culture through books and other media. and we would like to start by short term missin trips first. is this the right way to be going foeward with this?
February 26th, 2011 at 4:01 pm
Matt,
I recommend looking into what mission agencies are already working there and see what needs they have where you can plug into.
Since they are the ones with experience there – they can provide you with specific advice and guidance on how to pursue your calling.
-John