An outline of the basic facts about the cost of theological education, the financial implications for students, and what schools are doing to address the problem. Powerpoint version available upon request.
More about the Economic Challenges Facing Future Ministers (ECFFM) Initiative
In 2012, ATS began serving as the coordinators of the Economic Challenge Facing Future Ministers Initiative (ECFFM) funded by Lilly Endowment Inc. In 2013, a pilot group of 16 schools received three-year grants to address the economic challenges facing future ministers through research into financial issues facing students, new strategies for decreasing financial burdens on students, educational programs in financial literacy for pastoral leaders, and partnerships to address these issues. In 2014, 52 more schools received grants. Participating schools were given the opportunity to apply for two-year sustainability grants in 2016 and 2017.
In 2015, Lilly Endowment Inc. expanded its work to address the economics of ministry by launching the Economic Challenges Facing Pastoral Leaders (ECFPL) Initiative. Through the initiative, grants were given to a variety of organizations across the nation to help pastoral leaders develop stronger financial literacy skills and provide direct aid to help these leaders reduce or eliminate educational debt, participate in pension programs, pay off extraordinary medical expenses, and address other challenges.
List of participating schools: 67 ATS member schools
An update on the work of the ECFFM Initiative (June 2021)
A three-page narrative summary of the initiative: Virtuous Cycles
An eight-page overview of the first year of the initiative, including data on educational debt, effective institutional practices, and responses from participating schools
A full issue of the ATS journal, TE/Theological Education, providing report on first three years of the initiative and numerous articles from participating schools
An 8-minute video summarizing projects at six participating schools (2017)
A 6-minute video summarizing the impact of the project on students (2017)
A 5-minute video summarizing the hopes and goals of the initiative (2016)