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| The LCMS pays David Scaer a princely salary to teach against Luther's doctrine. Salaries = tuition = debt. Students borrow enormous amounts of money to pay faculty salaries and benefits. |
http://ichabodthegloryhasdeparted.blogspot.com/2013/08/crippling-costs-related-to-sky-high.html
Comment: Some schools pay employers to hire their graduates in order to boost their placement rates right out of school. However, the graduates find they are soon laid off and then they are on their own to find another job, though they have to continue paying off their student loans. So in other words, part of the student loan debt they incurred is used by schools to bribe employers into hiring them temporarily straight out of college or trade school. Could a variant of that practice be happening in the LCMS? Sure looks like it:
http://www.huffingtonpost.com/2013/12/16/corinthian-colleges-job-placement_n_4433800.html?ncid=fcbklnkushpmg00000010
Even that short-lived gig wasn't secured on the strength of Parms's degree. The college had paid his contractor $2,000 to hire him and keep him on for at least 30 days, part of an effort to boost its official job placement records, according to documents obtained by The Huffington Post. The college paid more than a dozen other companies to hire graduates into temporary jobs before cutting them loose, a HuffPost investigation has found.
Comment: Some schools pay employers to hire their graduates in order to boost their placement rates right out of school. However, the graduates find they are soon laid off and then they are on their own to find another job, though they have to continue paying off their student loans. So in other words, part of the student loan debt they incurred is used by schools to bribe employers into hiring them temporarily straight out of college or trade school. Could a variant of that practice be happening in the LCMS? Sure looks like it:
http://www.huffingtonpost.com/2013/12/16/corinthian-colleges-job-placement_n_4433800.html?ncid=fcbklnkushpmg00000010
Even that short-lived gig wasn't secured on the strength of Parms's degree. The college had paid his contractor $2,000 to hire him and keep him on for at least 30 days, part of an effort to boost its official job placement records, according to documents obtained by The Huffington Post. The college paid more than a dozen other companies to hire graduates into temporary jobs before cutting them loose, a HuffPost investigation has found.
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| "I will show you the way." |
Are They Kidding Us?
Seminary to study issue of student indebtedness after receiving grant for that purpose:
SEMINARY RECEIVES LILLY GRANT
FOR IMMEDIATE RELEASE
December 11, 2013
ST. LOUIS—Lilly Endowment Inc. has awarded more than $12.3 million for 51 theological schools across the United States as part of the second round of its Theological School Initiative to Address Economic Issues Facing Future Ministers. Concordia Seminary is a thankful recipient of a part of this grant.
Recent research indicates that student educational debt in excess of $30,000 is not uncommon for seminary graduates, and some students are graduating from seminary with loans of more than $100,000. The financial pressures caused by these debt levels severely limit the ability of seminary graduates to accept calls to Christian ministry and undermine the effectiveness of too many pastoral leaders.
To help address this issue, Lilly Endowment created the Theological School Initiative to Address Economic Issues Facing Future Ministers. The initiative’s aim is to encourage theological schools to examine and strengthen their financial and educational practices to improve the economic well-being of future ministerial leaders.
“Concordia Seminary through its Center for Stewardship will use the funding to conduct research on the components of student debt,” commented Rev. Wayne Knolhoff, director of the Center. “It will aim to assist current students in limiting debt, and assist congregations, pastors, and students by providing resources to address various stewardship issues.”
For more information on the Center for Stewardship, please contact Rev. Knolhoff at knolhoffw@csl.edu.