Apply for Student Debt Repayment

The Go Fund pays the monthly student debt payments of accepted candidates while they are serving long-term among the unreached. We begin to make monthly payments once our partners are actually working in their cross-cultural destination. Our target is to make the final payment toward the student loans of our partners at the end of the tenth year of service.

 
 

Minimum Requirements

  1. Growing in love for and obedience to Jesus Christ

  2. Obediently making disciples of Jesus Christ

  3. Active in service and commitment to a local church body

  4. Track record of growth in wisdom-filled financial stewardship

  5. Place of service will be among an unreached people group outside of the United States

  6. Length of service will be long-term, or until the specific task is finished

  7. Supported and sent by a local church

  8. Partnered with a qualified sending agency

  9. Move to long-term assignment within 24 months of applying

Disqualifying Circumstances

  1. You are already serving in your long-term overseas assignment (If you are a current long term worker who is impeded or would consider your student debt to be a significant barrier to you remaining on the field OR if you are currently serving in a mid-term capacity [i.e 2-3 years], you are welcome to apply)

  2. You are planning to serve in missions for three years or less

  3. You will not be directly involved in church-planting* (i.e. support personnel)

  4. You are targeting a diaspora group (a people group living outside their native ancestral homeland). Though technically many diaspora groups are considered unreached, the priority in our approval process is to fund those who are going to indigenous unreached people groups. If you have questions about your people group please contact Ashley, Program Coordinator, at ashley@thegofund.com before you apply.

  5. Your household educational loan debt exceeds $100,000

  6. Your household educational loan debt is less than $20,000

  7. None of your student loans are in your name(s) (i.e. parent PLUS loans)

  8. You are not a citizen of the United States

  9. You are not being sent by a church or mission agency located in the United States

  10. You or your spouse have not completed at least a Bachelor’s degree

*What do we mean by “Church Planting?”

We are looking for applicants who are going to be actively involved in church planting through learning the language of their people group to fluency, sharing the gospel in that heart language, establishing a group of understanding / Christ confessing believers, (Acts 2:38-41, 11:25,26, I Cor. 12:12-13, Eph. 1:13, I Thess. 1:9) forming a church which has mature leadership that teaches, disciples and exhorts (Acts 6:2-4 14:23 20:28, I Tim 3:1-13, Titus 1:5-9 Heb. 13:7,17, I Peter 5:1-4), meeting regularly for biblical instruction, worship, practice of Christian ordinances (the Lord’s Supper and Baptism), sharing of resources and prayer relevant to that cultural context (Acts 8:12,36 16:33; Luke 22:14-22, I Cor. 14:29-33, Col. 1:28 II Tim. 4:1,2), and then see that church become self-sustaining and reproducing which could take 20+ years. Although, there are various approaches and methodologies to church planting, we fund those missionaries who are going to plant healthy, indigenous churches.

Tax Implications

Please note that under current IRS tax laws, payments we make toward student loans is considered taxable income. We will issue a 1099 form for each year in which the total payments toward student loans exceed $600.

Before Applying

Start the application process with a sending agency and ensure you are less than two years away from your intended departure date for the field (also acceptable: less than six months from beginning training with your sending agency).

Application Instructions

Thank you for your interest in The Go Fund. If married, both husband and wife are required to fill out separate applications. The cost to apply is $50 for singles and $100 for married couples ($50 charged at the end of each application). This fee helps support the costs of processing your application and sustaining the program as a whole. As you complete the application, we encourage you to save your answers in a separate document to ensure that you do not lose your work. If you have any questions, please email our Program Coordinator, Ashley Dominick.

Please take note that all payments are final, and we will be unable to offer refunds on application fees.