If you have debts, don’t let those get in the way of your discernment. Feel free to approach us.
A man must, however, be free of all personal and credit card debts by the time he enters as a candidate to the monastery. We will accept educational debts up to $20,000.
When men approach us and they let us know they have BOTH credit card debt and educational debt, we work with them to find a solution. We do this by reminding the men to pay ONLY the minimum on the educational debts, but work to put every available dollar to paying off the credit card debt. We will even provide a member of our staff who is trained in accounting to help establish a budget. Tackle the credit cards first!
Once the man has that credit card and personal debt paid, he can then begin looking at applying to our community. With the Abbot's approval, we will consider allowing a man to apply who has "educational" debts requiring repayment of education grants and loans. If these are excessive and beyond $20,000, then we will ask a man to first repay a substantial portion of the educational debts before we allow him to apply. If it is below $20,000, then we will allow him to apply. If he is accepted, when he does arrive we would assume the minimum monthly payments while the man is in formation. If he leaves formation, then he also takes the remaining debts with him.
As for men who have automobile debts, you can still apply but you will need to sell your car upon entering the community so that the car loan is paid off. This is common with most all of our applicants.
To reiterate, if you have debts, then don't let that hinder you in your discernment. Contact us, visit us, and don't let the burden of debt overwhelm your vocational call.