Clergy Debt Reduction

Western North Carolina Conference clergy can consolidate their debt with an interest rate of 1.5%.

How It Started

Many clergy have taken on overwhelming debt in preparation to serve and lead the Church. Debt can negatively impact clergy’s ability to provide their very best ministry and adversely affect personal health. The Clergy Debt Reduction Loan Program was created in 2016 in partnership with the Western North Carolina Conference Board of Pension and Health Benefits and The Duke Endowment.

Lynne Gilbert, who was President of the WNC Conference Board of Pension and Health Benefits when this program was initiated, reflected on its beginning: “We were blessed with members of the Board who brought great passion and expertise to the idea of our making such a clergy debt reduction program possible. We sponsored and funded the program because we viewed it as a significant investment in the overall health and welfare of our clergy, and we are grateful to the Foundation for the exceptional and professional way that they have partnered with us to make it a reality.”

Continued Success

To date, clergy have refinanced over $4,000,000 in collective debt, saving the average participant $350 per month.

Application Process

Applications for this period of consideration are due by Tuesday, Aug. 31. The Foundation will respond by Sept. 30 notifying you if your application was approved and under what terms.

Time is of the essence. All debts will be paid off by the Foundation by Oct. 31 with your first payment on your new loan(s) starting in December 2021.

Please click here for the 2021 application.

Learn more about Terms & Conditions

See a list of Frequently Asked Questions