In November 2016, United began a campaign to become debt free. A mortgage balance of $3.97 million was costing the seminary $400,000 per year in principal and interest payments. We wanted to invest that money in scholarships for students instead, so we embarked on an ambitious goal to pay off the mortgage and become debt free by United’s 150th anniversary in October 2021.
Thank you to everyone who contributed to this campaign towards a breakthrough moment, not just for the seminary, but for future leaders to come. As United moves into its next 150 years debt-free, more dollars can now be made available for scholarships, which means students graduate with less debt and more freedom to follow the Lord’s call.