According to research from the National Association of Evangelicals 30% of American pastors have student loan debt in excess of $36,000. Recent regulatory changes allow employees of churches and religious organizations to have their student loans forgiven. Surprisingly, the steps to apply are straightforward and in many cases, can be completed in about an hour.
Stephen Maginas is no stranger to the Presbyterian Church of America (PCA). His familiarity with the unique challenges faced by pastors and ministry workers is one of the many reasons he’s perfectly suited for his new role as Financial Planning Advisor at PCA Retirement & Benefits (RBI).
When it comes to stewardship and charitable giving, most churches only think about cash donations. But most of the wealth in congregations is tied up in non-cash assets, many of which can be given as charitable donations. These non-cash assets are often called...