There are two ways the Preachers’ Aid Society of New England may be able to help you with higher-education debt:
Higher Education Loan Program
If you hold loans for your own higher education you may be eligible for our Higher Education Loan Program. It’s a revolving loan program that assists clergypersons by rewriting their seminary debt at a very low interest rate (currently 1.25 percent). If you are a member of the New England Conference, received your degree more than three years ago, have served in a full-time appointment for three years, and intend to stay in the New England Conference, you may be eligible for this program.
Higher Education Loan Program 2016-17 guidelines
Parental Education Loan Program
If you are a clergyperson or surviving spouse holding loans for a son or daughter’s college education you may be eligible for our Parental Education Loan Program. This is a new revolving loan program that assists by rewriting the loans at 2 percent interest. There are some restrictions so be sure to read the guidelines carefully.
Parental Education Loan Program 2016-17 guidelines
If you would like an application for either of these programs or have questions, contact Cathy MacGovern at firstname.lastname@example.org
or (413) 523-2276.
Applications are accepted twice a year. The next deadline April 15, 2016
You can also find the guidelines
on the Preachers’ Aid Society website.