Minister Educational Debt Assistance

Relieving the burden of student loans

Student loan debt can make it challenging for ministers to accept a wider range of positions and wholly commit their best gifts to ministry. Minister Educational Debt Assistance helps eligible ministers repay educational debt through debt coaching and grants of up to $25,000. This coaching is offered through PeopleJoy at no cost to the participant.

Amount

A total award of up to $25,000 is available.

The funds available and number of grants awarded each year are limited. Awards are at the discretion of the Board of Pensions. The Board considers your financial means, the nature and amount of your debt, and other factors, as appropriate.

Note: Assistance grants received from Healthy Pastors, Healthy Congregations; Seminary Debt Assistance ( Minister Educational Debt Assistance's predecessor); and/or Minister Debt Relief will reduce the maximum award amounts of this program.

Eligibility

To qualify, you must:

• be a PC(USA) minister enrolled in Pastor’s Participation or Minister’s Choice [as of Jan. 1, 2025, be a PC(USA) minister enrolled in the Medical Plan of the PC(USA) and/or Defined Benefit Pension Plan]
• have completed a CREDO conference or the Personal Financial Planning series and Terms of Call series online education learning paths, available through Board University via Benefits Connect via Benefits Connect
• have an effective salary of no more than $80,000, excluding manse value
• not currently be enrolled in school
• meet criteria established by the Board to ensure the need-based nature of the program
• complete the student loan debt coaching requirement with PeopleJoy
• repay your debt by a specified monthly amount based on the amount of debt

To remain enrolled in the program, you must:

• continue to remit your specified monthly amount until your loan balance is fully forgiven
• continue to meet the eligibility qualifications outlined above

Guidance on online education modules

Minister Educational Debt Assistance applicants may complete the Terms of Call and the Personal Financial Planning learning paths on the Board of Pensions e-learning site in lieu of completing a CREDO conference. Learn more about these e-learning offerings and how to access them through our benefits management website, Benefits Connect.

After completing the learning paths, you can download certificates of completion to attach to your Minister Educational Debt Assistance Application.

• While in the Board of Pensions e-learning site, select Achievements in the main menu at the top of the page.
• A transcript of your e-learning content completions will load, displaying them from most recent to oldest.
• Click the Download certificate button to the right of each learning path title to download a PDF of its certificate of completion.
• We recommend renaming each file, adding your name to them, before attaching the PDF files to your Minister Educational Debt Assistance Application.

How it works

Participant contribution and coaching

The Board will contribute 90% of your minimum monthly payment (MMP) amount until either the maximum total award of $25,000 is reached or your loan balance is fully forgiven, whichever comes first, if you pay your loan servicer a specified amount monthly. You are responsible for paying 10% of your applicable MMP. Additionally, you must receive student loan debt coaching from PeopleJoy, an educational debt reduction firm who partners with the Board.

Once accepted into the program, you will be connected with PeopleJoy.

Participant contributions will be verified.

How to apply

• Complete the Minister Educational Debt Assistance Application.
• Email the application and required documentation to memberservices@pensions.org for review and decision.
• Federal loan borrowers can access their My Student Data file by following these instructions.