We were pleased to welcome Jim back to his Seton home last weekend and to hear his vocation story. Please pray for him and help as you can.
Many Religious Communities (like the Sisters of Life, Mother Theresa’s Missionaries of Charity, the Franciscans and the Dominicans) use the Labouré Society to help their aspirants. The Labouré Society exists to provide financial assistance and spiritual support to men and women, who must resolve student loans in order to pursue their vocation to priesthood and/or religious life. Since Religious Communities of vowed men and women cannot assume the debt of aspirants, and since aspirants must surrender all of their property and assets before entering, there is no way to pay off student loans. Aspirants often work two jobs during the period of application to a religious community to begin to meet their college loan debt. Most have to raise additional funds in other ways. The Labouré Society provides a means to achieve this end. Ten percent of all funds raised are invested in the next year’s class. Ninety percent is credited to the aspirant. Monthly student loan payments are met by the Labouré Society while the aspirant is in formation. The entire debt is satisfied only after three years of formation. If the aspirant leaves the community, they assume their remaining debt.
For more information visit the website: http://labouresociety.org/. Contact Jim Ritch at [email protected].