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Got Debt and a Religious Vocation?

Got Debt and a Religious Vocation?
catholicworldreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from catholicworldreport.com Daily Mail and Mail on Sunday newspapers.

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Student Loan Debt Must Be Paid Before Formation Candidates Can Begin Studies

Student Loan Debt Must Be Paid Before Formation Candidates Can Begin Studies
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Biden's plan to cancel student debt could temporarily boost religious vocations

Even $20,000 in debt forgiveness would come nowhere near erasing the outstanding debt preventing some discerners from entering convents or seminaries.

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Vocations grant enables Oregon Catholic to enter religious formation

Vocations grant enables Oregon Catholic to enter religious formation
Hien Nguyen
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Hien Nguyen, a member of Our Lady of La Vang Parish in Happy Valley, is the recipient of a grant from the Fund for Vocations, a nonprofit that pays student loan debt so individuals can enter religious formation.
Nguyen soon will begin formation with the Dominican Sisters of Mary Immaculate Province in Houston. The 24-year-old, who attended Portland State University, was among the 13 grant recipients announced in March. All awardees are young men and women aspiring to pursue vocations to the Catholic priesthood or vowed religious life.
As a prerequisite to entering formation, many religious orders require men and women to be free of debt, including student loan debt, so they can take a vow of poverty. Grants from the Fund for Vocations cover the beneficiaries’ monthly student loan payments during formation and pay off any remaining balance after final vows.

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