Recession may pull seminaries apart or together: Creative solutions
The recession has forced seminaries to undertake cost-cutting measures that affect people, projects and their own best-laid plans for sustainability. “The current economic environment has magnified any weaknesses present in seminaries,” according to Daniel Aleshire, executive director of the Association of Theological Schools.
The ATS sets accreditation standards for more than 250 seminaries in the U.S. and Canada, and “for every one of them there is a different reason for their financial weakness or strength,” Aleshire said in an interview.