Financial Wellness News 11/1/21

Looking for MORE scholarship opportunities?

If you are looking for more scholarship opportunities after completing the School of Medicine scholarship application, start the hunt with the resources below.

Scholarship Resource Library – Visit our external scholarships page to view medical organizations that may have scholarships available to complete.

National Medical Fellowships – Several of their scholarships are listed weekly in the In The Know email newsletter but you can find the long list of current scholarship opportunities here. 

Scholarship Contests – Many large financial institutions like Sallie Mae and Discover host regular scholarship contests. Applications take a few minutes to complete and if the contests are monthly, you can keep reapplying! I know it sounds like a long shot, but we have recently had SOM students receive one of the larger Sallie Mae scholarships. It never hurts to apply! Click the names of the companies above to go straight to the scholarships page.

Ask Employers – Did you have a job in high school? Do your parents work for a larger company? You’d be surprised at how many companies offer scholarships for employees and employees’ dependents. Kristian will tell you that a scholarship through her dad’s company paid for a big chunk of her college degree. So, ask around!

►You don’t want to miss this event!

Our 1st Annual Create a Savings Jar Event is THIS WEEK!

Take time away from your studies to focus on your financial goals by creating your own Savings Jar. This event is going to be a creative and relaxing experience to provide students with an opportunity to bring their financial goals to life. Participants will be provided with a jar and crafting supplies, however, feel free to bring your own embellishments! Light snacks, music, and FUN are provided as well!

Not into crafting? Don’t need a jar? You can still register to pick up a printed Savings Challenge handout to encourage and track your savings goals.

Register for the date that best fits your schedule. Space is limited.

RSVP for Nov 2 @ 11:30

RSVP for Nov 4 @ 2:00

►Manage money with AAMC

AAMC Financial Wellness: The AAMC has created a robust financial management dashboard specifically designed for medical students. Use this dashboard to:

  • Track Financial Health
  • Budget & Track Spending
  • Create Financial to-do’s
  • Create Financial Goals
  • Organize Student Loans
  • Utilize Resources & Calculators

Create a free account today! Visit the site here and choose UMKC as your school.

►This week @ AAMC:

Buying a Car
A car purchase is a high-stakes deal for just about anyone. This week, AAMC covers strategies for finding the best car and successfully negotiating the best overall price.

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Upcoming Events:

*RSVP to all these events here: Financial Wellness Center – RooGroups (umkc.edu)

SOM Events:

Create a Savings Jar – Nov 2nd or 4th – 

Bring your financial goals and creative hands to create your own Savings Jar. Whether it is saving for a specific goal or taking the challenge to save more, this event provides a relaxing break from coursework to focus on their financial goals in a creative manner. SOM 4th floor @ 11:30 or 2 PM (depending on the day you register for)

Volker Financial Wellness Events:

Apartment Hunting Made Easy! – 11/4 @ 3pm Location: 402 Student Union

In this session, we’ll share resources, tricks, and tips for managing your housing search. We’ll talk about things like, how do I know what I can afford? Where can I search for housing? And How can I save up for apartment and moving expenses?

Know what you owe: Understanding Student Loans – 11/9 @ 3pm Location: 402 Student Union

In this session, we’ll show you how to find your student loan totals, the interest rates, and the loan servicer. We’ll also share tips on how to lower your debt while you’re in school and how to estimate your post-graduation payments.

Applying for Scholarships Tips & Tricks – 11/10 @ 5:30 Location: 402 Student Union OR 11/19 via Zoom

n this session, we’ll walk you through the UMKC General Scholarship Application and discuss additional scholarship opportunities. We’ll also share tips from actual scholarship reviewers about how to write a great essay, pick strong references, and highlight your work and volunteer experience. Get all the information you need to get a head start on your scholarship applications!

Finding Financial Empowerment – 11/11 @ 6pm via Zoom

Handling money doesn’t have to be stressful! Join us for a quick workshop on financial empowerment. In this session, we will teach you the key fundamentals of personal finance. Having an understanding of financial basics helps you improve your financial wellbeing and feel empowered to create the life you’d like.