The Seminary Bubble

From Forbes-

Imagine an institution that requires its leaders to attend not only college, but graduate school. Imagine that the graduate school in question is constitutionally forbidden from receiving any form of government aid, that it typically requires three years of full-time schooling for the diploma, that the nature of the schooling bears almost no resemblance to the job in question, and that the pay for graduates is far lower than other professions. You have just imagined the relationship between the Christian Church and her seminaries.

Mainline churches are nearly universal in their requirement that their Priests/Pastors/Ministers/Reverends be seminary graduates, and since seminary is a graduate school, this means the students must first be successful undergraduates. So take all of the arguments about a college bubble and add at least three years of tuition cost and forgone income.

But you’re not quite done: My friend Father Jay Geisler counsels seminary students. He tells me that in his experience roughly half of matriculated students do not graduate within three years. In addition, he tells me that the living costs tend to be higher for seminary students than for undergrads because undergrads are almost never married with children, but seminary students often are.  As such, dorm room type accommodations for grads will not do.

More here-

http://www.forbes.com/sites/jerrybowyer/2011/04/20/the-seminary-bubble/