Put simply, one does not have to go to seminary to be a faithful pastor. After all, seminary training—as we know it today—is not explicitly in the Bible.
There have been faithful pastors for centuries who had no formal training. For many throughout church history, such training was simply not an option. And when the Chief Shepherd appears, pastors who have letters behind their names will receive a crown no more glorious than those who do not (cf. 1 Peter 5:4). At the end of time, what is required of stewards—seminary trained or otherwise—is that they be found trustworthy (cf. 1 Cor. 4:2).
Having said that, however, if a man wants to be faithful to the weighty calling of a shepherd and all that this sacred office entails, then yes, he must be trained by someone, somewhere. Because while seminary is not explicitly in the Bible, pastoral and theological training is (cf. 2 Tim. 2:2). In our context, seminary is often where that much-needed training is given. And in a day such as ours, with cultural chaos and complicated ecclesiological issues, perhaps the time has come when self-study will simply no longer do.
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