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| All the synods overpay these clowns to ruin Lutheran worship and doctrine. And the decline continues to gather momentum. |
bruce-church (https://bruce-church.myopenid.com/) has left a new comment on your post "LCMS Seminary Cost Scandal: Fabulous Costs To Supp...":
Both LCMS seminaries in states with pretty high student loan delinquency rates (Missouri and Indiana)(story and map). Meanwhile, Wisconsin, Minnesota the Dakotas and Iowa are noted for having the highest rate of people servicing student loans, but inversely, the lowest rates of delinquent payments. Also of note, the total owed by ex-students continues to rise stratispherically each year, up $20 billion in just the first quarter of 2013. By the end of the year it will top a trillion, one would think:
http://blogs.wsj.com/economics/2013/05/14/which-states-have-highest-student-loan-delinquencies/
http://www.huffingtonpost.com/2013/05/15/student-loan-debt_n_3275173.html?ncid=fcbklnkushpmg00000010#slide=2450609
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http://blogs.wsj.com/economics/2013/05/14/which-states-have-highest-student-loan-delinquencies/
While student loan debt continues to grow, delinquency rates dropped a bit in the first quarter of 2013, according to new data from the New York Fed.
Total student loan balances rose $20 billion in the first quarter to $986 billion. Meanwhile, the percent of student loans more than 90 days delinquent dropped to 11.2% in the first quarter from 11.7% at the end of last year. But the overall level remains elevated. At the end of 2011, just 8.5% of student loans were more than 90 days past due.
The New York Fed also provides data on the geography of student loans. Interestingly, there seems to be an inverse relationship between the ubiquity of loans for college and delinquency. Midwest states such as North Dakota, South Dakota, Minnesota and Iowa have some of the highest percentage of consumers with student loans, but the lowest delinquencies. By contrast, states in the south, such as Florida, West Virginia and South Carolina have a smaller share of people with student loans but more borrowers late with their payments.
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- http://www.huffingtonpost.com/2013/05/15/student-loan-debt_n_3275173.html?ncid=fcbklnkushpmg00000010#slide=2450609
13 States Where Student Loan Debt Is Crushing College Grads
The Huffington Post | By Harry BradfordPosted: 05/15/2013 12:36 pm EDTThe mountain of U.S. student loan debt is getting taller and taller, and more and more students are falling behind in their payments, according to a recent study.The number of students who are at least 90 days late on student loan payments has increased to 11.7 percent, up from 8.5 percent in 2011, according to a recent study by the Federal Reserve Bank of New York. When you don't include people who have deferred payments through various programs, delinquency rates may actually be ashigh as 30 percent, according to an separate study by the New York Fed.There is a significant gap between states with the highest average student loan delinquency rates and those with the lowest. While South Dakota has a delinquency rate of just over 6.5 percent, West Virginia's is approaching three times that. Another 12 states have delinquency rates over 13 percent.U.S. students face a total of $986 billion combined debt, a growing problem that now threatens to create a significant drag on the economic recovery. And that debt is wreaking major havoc on young adults, who already face low employment, causing their debt burdens to be even more inescapable. Partly as a result, Sen. Elizabeth Warren (D-Mass.) has called on Congress to lower the interest rate on education debt.Here are 13 states where student loan delinquency rates are higher than 13 percent, as of Dec. 31 2012:
GJ - There has been no restraint on tuition for the last 50 years. Tenured professors' salaries have risen and their hours have diminished - the poor dears. One cannot expect them to teach, grade papers, and contribute great works to scholarship.
For-profit schools have followed this trend, claiming, "We charge no more than most other schools." However, they keep the extra loot for the founders, who are the majority owners of the stock.
The Lutheran schools have not taught Lutheran doctrine in those 50 years but want to maintain a monopoly over the church workers. Monopolies always charge the most they can, and the Lutheran schools do that with glee. "Too much money, kid? Borrow the rest. Look at how much we are giving you in scholarships! And get your wife a better job while the children live with baby-sitters."
The Boomers skated on low tuition, but they decided to award faculty huge salaries for doing very little, and doing that rather badly. ELCA professors have to be on the bandwagon for gay liberation. I was interviewed at an LCA seminary (Philadelphia) when one of the professors had just published in The Lutheran against homosexuality. His colleagues were stating their agreement with him while I was standing in line for lunch with several of them. None of the ELCA seminaries today tolerate such a Neanderthal attitude among the faculty or students.
Likewise, the SynCon seminaries teach Church Growth, plagiarism, and UOJ. The poor, addled graduates leave school with little Luther and less Chemnitz, a dash of Greek and a zephyr of Hebrew. In WELS, spelling and grammar do not count.
But SynCon degrees are not prized anymore. Why borrow $100,000 for a Missouri MDiv that guarantees a significant number of debtors will be fired within the first 10 years - often on a whim? They are reverently placed on CRM status to wither and die.
Since the SynCons are socialistic, the surviving clergy do not mind seeing their colleagues fired, slandered, and shunned. That just opens up more calls. The wily ministers observe that apostasy pays, so they get some real credentials at Fuller Seminary and fortune smiles on them, even if God frowns.
The problem with the SynCons--besides their nasty Pietism--is their teaching people not to be Lutheran. They are doing a great job. Do you want your synod to buy your rich congregation a broken down bar and loan you the money to fix it up? Just plagiarize Craig Groeschel and get trained by gay activist Babtist Andy Stanley. That works superbly in WELS, so do not be rattled when Fox Valley becomes another desert of Lutherdom, deserted by the faithful.
Attendance in higher education is way down, and church schools are closing or merging (closing really) right and left.
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| How to fail in WELS without really trying. |