Today is a historic day in the life of Heritage College and Seminary.
On this day—October 1, 2019—the school is officially debt-free for the first time in our history.
Just a few years back, our school debt was at 3.7 million dollars. Today, it’s zero.
This is a great cause for praise and celebration. I am grateful for the friends of Heritage who gave generously to demolish the debt. Some were part of our 1000 x 1000 initiative. Some were able and willing to give hundreds of thousands of dollars.
As a result of this outflowing of generosity, our Director of Finance, David Kiff, was able to drop off the final payment to the lending agency. We are now debt-free.
As I have been reflecting on this incredible story of God’s goodness and grace to Heritage, it hit me that the idea of paying off another’s debt is at the heart of our faith. The Lord Jesus paid our debt of sin, redeeming us and setting us free from bondage (Ephesians 1:7). His death on the cross was sufficient to pay for the sin of the world (1 John 2:2). That’s why He could cry out, “It is finished.” It’s not an accident that the Greek word translated “It is finished” can be translated “Paid in Full”
On this day of Jubilee, I want to express praise to God for His lavish grace. He has enabled Heritage College and Seminary to be debt-free. Better yet, through the sacrificial death of His Son, He has made a way for all of us who turn to Christ in repentance and faith to have the debt of our sin completely demolished. That’s a reason to celebrate, not just on October 1st, but for all eternity.