Seminary: Can We Afford to Go? Can We Afford Not to Go? | Kosher Money Episode 40

Each year, thousands of Orthodox Jewish girls go to seminary, an educational institution often located far from home, in the United States and abroad, particularly in Israel. The costs associated with this decision can be significant, and in many instances, girls and their families may prepare for years to afford it or, unfortunately, fall into debt as a result, depending on their financial situation and outlook. We spoke with Rabbi Zecharya Greenwald, owner and principal of Meohr Bais Yaakov, an Israel-based seminary, and Mrs. Ahuvah Heyman, a director of Bnos Yisroel of Baltimore, a large girls' school, to learn about the costs of seminary and so much more. TIME STAMPS 00:00 Intro 2:16 History of Seminaries/Yeshivas 4:40 Benefits of Seminary 6:38 How Many Girls are Going to Seminary? 8:50 One Year vs Two Year? 11:45 Seminary Cost Breakdown 19:15 Reasons Why Girls Go to Seminary 22:42 Cost Breakdown Continued 26:48 Seminary vs. Yeshiva Costs 29:02 Sponsor: Colel Chabad 30:29 Central Seminary Application? 35:05 Seminary Collaboration 41:43 Financial Aid for Seminary 45:08 Should Parents Go Into Debt? 51:56 Sponsor: Approved Funding 57:01 Are Trips (Tiyulim) a Necessity? 1:04:55 Pesach Costs 1:10:10 American Seminary Upside 1:14:40 Is Seminary Life's Most Important Decision? 1:19:08 Sponsor: Infinity Land Services 1:20:25 Living Within Our Means 1:27:50 Can We Get It Cheaper? 1:30:02 Mrs. Ahuva Heyman on the Negative Impact of Seminary Cost 1:31:58 Financial and Emotional Preparation 1:37:57 Is Seminary Necessary? 1:40:48 Seminaries and Shidduchim 1:44:24 Fixing the Seminary Application 1:51:19 Outro If you have questions/feedback to share on this weeks episode, please email koshermoney@livinglchaim.com ► SPONSORS OF THIS EPISODE: ✬ Infinity Land Services: When your real estate transaction is protected through Infinity, you get meticulous coverage, clear communication, and zero drama—title after title after title. Visit https://ilstitle.com/ to learn more. ✬ Approved Funding: Looking to purchase a home? Looking to refinance? Looking to speak to a mortgage professional? Speak to Shmuel Shayowitz at https://approvedfunding.com/Mortgages/ ✬ Colel Chabad: Please help Israel's neediest people! They need you! Visit https://www.ColelChabad.org/KosherMoney to make a much-needed donation! If you have a story to share or a guest suggestion, please fill out this form: https://www.livinglchaim.com/suggest ✬ Donate and Inspire Millions (Tax-Deductible) ✬ Your generous donation enables us at Living Lchaim to share uplifting messages globally, enrich lives, and foster positive change worldwide! Thank you! 🙏 ➡️ https://www.livinglchaim.com/donate ____________________________________ Follow Kosher Money on social media: TikTok - https://www.tiktok.com/@koshermoneypod Instagram - https://www.instagram.com/koshermoneypod Follow Living Lchaim on social media: TikTok - https://www.tiktok.com/@livinglchaim Instagram - https://www.instagram.com/livinglchaim/ Facebook - https://www.facebook.com/livinglchaim LinkedIn - https://www.linkedin.com/company/living-lchaim ____________________________________ Free call-in-to-listen feature: 🇺🇸 USA: (605) 477-2100 🇬🇧 UK: 0333-366-0154 🇮🇱 ISRAEL: 079-579-5088 Need financial guidance? Get help from our awesome friends at https://LivingSmarterJewish.org/ WhatsApp us at 1-914-222-5513 - we love feedback, legit! For bonus content on our episodes, visit http://Mishpacha.com or pick up a new Mishpacha magazine weekly! Subscribe to our YouTube channel for more great content! :) Oh, and again: all investment strategies and investments involve risk of loss. Nothing contained in this episode or any of our episodes and videos should be construed as investment advice. #tuition #israel #bigexpenses #yearabroad #koshermoney