Regardless if you are a recent college graduate looking for work or you just moved into a dorm, it is important to for Christian’s to maintain perspective when it comes to debt management and Christian personal finance so you can honor God.

Let’s face it: student loans are a popular choice for students and families across America due to the rising cost of college tuition. Many Christians are anxious about obtaining student loans in order to pursue their dream of going to college, especially if they have to get more than one loan. You also may have concerns about getting a student loan if you think debt is frowned on or prohibited by the Bible.

At first glance, many Bible passages seem to condemn taking out loans. “The wicked borrow and do not repay, but the righteous give generously.” Psalm 37:21 is a popular verse that causes many to believe that all loans are wrong. Upon taking a further look at the verse it focuses on how important it is to honor your commitments and make timely payments when you owe money.

Another popular verse used to discourage getting into debt is the verse: “Give to everyone what you owe them: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor. Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” Romans 13:7-8. In this letter to the Romans, Paul is trying to promote the idea that we continually “owe” love to everyone.

There are many Bible verses that discuss the responsibility that comes with borrowing money, and that is what is important to keep the focus on. In todays society it is absolutely possible to live an entirely debt free life, though not without a great deal of prayerful diligence.

A huge population of students entering college are not in that fortunate situation. In many instances, student loans for Christians may be the only option for you to get a higher education if scholarships, grants, or work study opportunities are not available at your university.

Luckily, if you have already obtained your loans and are feeling pressure due to the monthly expense, a federal student loan consolidation can help lower your interest rates. Consolidated loans are a combination of many loans into a single one from one lender, ideally with a reduced interest rate. Sometimes it makes sense to even just consolidate one loan in order to reduce your student loan interest rate.

If you still have questions about how to consolidate your student loans, FaithWorks Financial can provide you with information and services that can help you manage your debt. Call us today at 877-232-5109 or fill out the short form to the right for a FREE consultation so we can help you find the best option for your situation.