All posts by Kristian Brennon

Financial Wellness News 5/16/2022

Financial Transition Tips for Grads!

Congrats Class of 2022!!

The Financial Wellness Department would like to make sure that your financial transition into your career is as smooth as possible. Below, I’ve put together a list of action items to help you prepare financially for post-graduation.  If you have any questions about the items to complete or the resources, please reach out to schedule a 1:1 meeting. I am here to help you embark on this new financial chapter and begin your career!

Establish a Budget  –  If you haven’t utilized a budget or other money-management techniques during school, it’s time to establish one before you start your career. We have a simple 50/30/20 budget template to get you started here.

Organize Student Loans – One of the biggest to-dos is to organize your student loans! This can sometimes feel daunting, but you can be on your way to easy repayment with just a few steps:

  1. Log on first to studentaid.gov and find your loan total and servicer on the right-hand side.
  2. Also on studentaid.gov, complete Federal Exit Counseling and email your confirmation to studentloans@umkc.edu.
  3. Create an account with your loan servicer to start repayment after your grace period.
  4. Decide on a repayment plan that fits your budget. Consider any forgiveness programs (like PSLF) or repayment strategies you want to work towards.
  5. Utilize the AAMC Education Debt Manager for information on EVERYTHING related to student loans.

Anticipate Changes – Are you moving? Need a new car? Need an entire new workwear attire? Consider upcoming changes like these (and more!) that might change your budget. If you are moving, consider test driving your budget by creating a “mock budget” with your new living expenses and income. Use this paycheck calculator to estimate your net income to budget.

Create short-term goals – Finally, consider the above steps and create short-term financial goals to achieve them. Goals can be big, like purchasing a new car, or small like reaching out to your student loan servicer. Create a financial to-do list to help you build the financial future you want!

With a little organization and small action items, you can walk into your first day on the job confident you are able to manage your new income!

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►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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 at AAMC:

Understanding the Consequences of Bad Credit
An in-depth look at how poor credit can make life vastly harder to navigate and how to repair it.

Daily articles include:

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

Happy summer! Check back in later for upcoming Fall 2022 events.

Financial Wellness News 5/2/22

That’s a Wrap!

The Financial Wellness Department had SO much fun celebrating National Financial Capability Month in April. We hosted 3 events, and gave out tons of snacks, resources, and prizes! BIG congrats to Sundas who won our Raffle drawing!

If you missed out on all of the fun, don’t worry! We have one more event on May 6th and then we will be back with tons of activities in the fall.

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►Health Professional Loans Available

UMKC offers alternative loan options for Disadvantaged Students (LDS Program) or for those passionate about Primary Care (PCL Program.)  These loans have a fixed interest rate and do not accrue interest during school. They also have a longer Grace Period upon graduation of 12 months.

For the Primary Care Loan, students MUST go into an approved Primary Care specialty or will face high-interest rate penalties. Please only consider applying if you are passionate about primary care.

  • Approved specialties as defined by HRSA are Family Medicine, Internal Medicine, Pediatrics, Combined Medicine/Pediatrics, Preventative Medicine, and General Practice. (OB/GYN is NOT approved)

Application Process: Applications open each year on March 1 and are due May 15th. You can apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on your FAFSA.

View the 2022 Fact Sheet

___________________________________________________________

►Summer Aid Update

Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. If you are enrolled and still do not have your Summer Aid on your account, make sure you’ve:

  1. Completed the 2021-2022 FAFSA
  2. Have no outstanding financial aid task items.

Email Kristian if you’d like to set up a budget meeting before accepting aid at brennonk@umkc.edu.

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►Scholarship Informational Session

The Health Professions Scholarship Program (HPSP) is a military-wide initiative to offer full tuition, fees, and expenses paid to medical and PA students. Come learn more about this program with incredible financial perks (including $2400/month stipend!) on May 6th.

Free pizza will be available as students listen to Army and Air Force representatives discussing the ins and outs of the HPSP program. There’s no obligation to sign up for the program, just attend to learn more!

RSVP here.

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►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

May 6th – HPSP Scholarship Informational Session 

Join us for more information on the HPSP scholarship program. Free pizza will be provided. Location: Theater C (and ZOOM) at 4:15 pm. RVSP here. 

Financial Wellness News 4/4/22

Financial Capability Month!

April 1-30 is recognized as National Financial Capability Month! The SOM Financial Wellness Department is celebrating in a BIG way! Here’s how you can get involved:

  1. Stop by the Financial Capability Month table in the lobby starting April 5th. Pick up helpful financial literacy materials and enter the raffle for your chance to win a prize.
  2. Increase your financial capability by attending our events! Join us for Virtual Financial Wellness Bingo, Debt Management Lunch & Learn, and Decorate a Savings Jar!
  3. Challenge yourself to take inventory of your personal finances and create goals aimed at increasing your financial wellness!

_______________________________________________________________________

►Health Professional Loans Available

UMKC offers alternative loan options for Disadvantaged Students (LDS Program) or for those passionate about Primary Care (PCL Program.)  These loans have a fixed interest rate and do not accrue interest during school. They also have a longer Grace Period upon graduation of 12 months.

For the Primary Care Loan, students MUST go into an approved Primary Care specialty or will face high-interest rate penalties. Please only consider applying if you are passionate about primary care.

  • Approved specialties as defined by HRSA are Family Medicine, Internal Medicine, Pediatrics, Combined Medicine/Pediatrics, Preventative Medicine, and General Practice. (OB/GYN is NOT approved)

Application Process: Applications open each year on March 1 and are due May 15th. You can apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on your FAFSA.

View the 2022 Fact Sheet

___________________________________________________________

►Summer Aid Update

Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. Stay tuned for more updates on this from the Financial Aid and Financial Wellness Offices. In the meantime, make sure you’ve:

  1. Completed the 2021-2022 FAFSA
  2. Have no outstanding financial aid task items.

__________________________________________________________________________

►Scholarship Opportunity

BA/MD Students are invited to apply for the Marilyn McGuyre Scholarship at this link. Apply by April 15th to be considered for the $4000 scholarship.

__________________________________________________________________________

►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC:

Understanding the Role of a Financial Advisor

The nuts and bolts of working with a Financial Advisor. Does it make sense for you?

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

April 1-30th – National Financial Capability Month

April is National Financial Capability Month! Celebrate all month long with the Financial Wellness Department! We will be hosting various events throughout the month and also swing by our table in the SOM lobby to enter the raffle! RSVP for all financial wellness events on RooGroups.

Financial Wellness News 3/21/22

Save the Date!

April 1-30 is recognized as National Financial Capability Month! The SOM Financial Wellness Department is planning to celebrate in a BIG way! Stay tuned for more information on all of the drawings, fun events, and informational sessions coming in April!

_______________________________________________________________________

►Health Professional Loans Available

UMKC offers alternative loan options for Disadvantaged Students (LDS Program) or for those passionate about Primary Care (PCL Program.)  These loans have a fixed interest rate and do not accrue interest during school. They also have a longer Grace Period upon graduation of 12 months.

For the Primary Care Loan, students MUST go into an approved Primary Care specialty or will face high-interest rate penalties. Please only consider applying if you are passionate about primary care.

  • Approved specialties as defined by HRSA are Family Medicine, Internal Medicine, Pediatrics, Combined Medicine/Pediatrics, Preventative Medicine, and General Practice. (OB/GYN is NOT approved)

Application Process: Applications open each year on March 1 and are due May 15th. You can apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on your FAFSA.

View the 2022 Fact Sheet

___________________________________________________________

►Summer Aid Update

Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. Stay tuned for more updates on this from the Financial Aid and Financial Wellness Offices. In the meantime, make sure you’ve:

  1. Completed the 2021-2022 FAFSA
  2. Have no outstanding financial aid task items.

__________________________________________________________________________

►Scholarship Opportunity

BA/MD Students are invited to apply for the Marilyn McGuyre Scholarship at this link. Apply by April 15th to be considered for the $4000 scholarship.

__________________________________________________________________________

►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC: Overcoming Financial Procrastination

 

The costs of financial procrastination can be greater than you might expect. This week we’ll explore strategies that can get your financial life moving again.

Daily Articles:

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

March 22nd @ 5:30 pm – Chopped!

Students will have the opportunity to compete in teams to produce the best menus and dishes using low-cost items from the Kangaroo Pantry!. Location: 402 Student Union.

April 1-30th – National Financial Capability Month

April is National Financial Capability Month! Celebrate all month long with the Financial Wellness Department! We will be hosting various events throughout the month and also swing by our table in the SOM lobby to enter in for the raffle! Stay tuned for more details.

April 7th @ 3 pm – Intro to Investing

This event is designed to help you understand what investing is, who can invest, what options are available, and how you can get started investing for your future.  Location: 302 Student Union.

Financial Wellness News 3/7/22

►Health Professional Loans Available

UMKC offers alternative loan options for Disadvantaged Students (LDS Program) or for those passionate about Primary Care (PCL Program.)  These loans have a fixed interest rate and do not accrue interest during school. They also have a longer Grace Period upon graduation of 12 months.

For the Primary Care Loan, students MUST go into an approved Primary Care specialty or will face high-interest rate penalties. Please only consider applying if you are passionate about primary care.

  • Approved specialties as defined by HRSA are Family Medicine, Internal Medicine, Pediatrics, Combined Medicine/Pediatrics, Preventative Medicine, and General Practice. (OB/GYN is NOT approved)

Application Process: Applications open each year on March 1 and are due May 15th. You can apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on your FAFSA.

View the 2022 Fact Sheet

___________________________________________________________

►Summer Aid Update

Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. Stay tuned for more updates on this from the Financial Aid and Financial Wellness Offices. In the meantime, make sure you’ve:

  1. Completed the 2021-2022 FAFSA
  2. Have no outstanding financial aid task items.

__________________________________________________________________________

►Save the Date

April 1-30 is recognized as National Financial Capability Month! The SOM Financial Wellness Department is planning to celebrate in a BIG way! Stay tuned for more information on all of the drawings, fun events, and informational sessions coming in April!

__________________________________________________________________________

►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC: Buying a Vehicle

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

Daily Articles:

___________________________________________________________________________

►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

March 10th @ 6 pm – Apartment Hunting

In this session, we’ll share resources, tricks, and tips for managing your housing search. We will discuss how to prepare a housing budget, where to look, and how to save. Location: ZOOM.

March 15th @ 6 pm – Taking on Taxes

Join this session to learn the ins and outs of taxes. We’ll explain why taxes exist and how they work, what forms to look out for, and important dates to remember.  Location: ZOOM.

Financial Wellness News 2/28/22

►Last Chance for UMKC Scholarships!

The 2022-2023 UMKC Scholarship application deadline is THIS WEEK! Apply by March 1  by midnight to be considered for UMKC competitive scholarships and a number of SOM scholarships for Medical, AA, and PA students.

Note: References are not required for the SOM scholarships. However, it is best practice to list references if you can as some of the UMKC Competitive scholarships may require them.

Did you know we have a large resource page on our website that showcases external scholarships you can apply for? We’ve linked scholarships for all programs within the SOM, so be sure to check it out here.

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►Last call for Nominations!

Calling all Medince Seniors! You received an email to nominate yourself or a fellow classmate for our annual Senior Awards. This nomination is due by March 1 at midnight. Email your Financial Wellness Counselor to get the nomination link if needed. Read more about Senior Awards here.

__________________________________________________________________________

►Summer Aid Update

Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. Stay tuned for more updates on this from the Financial Aid and Financial Wellness Offices. In the meantime, make sure you’ve:

  1. Completed the 2021-2022 FAFSA
  2. Have no outstanding financial aid task items.

__________________________________________________________________________

►Got loans?

The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.

If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC: Buying a Vehicle

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

Daily Articles:

___________________________________________________________________________

►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

March 2nd @ 1 pm – Travel Hacks: Spring Break Edition

Learn tips and tricks related to traveling. These tips will range from maximizing your travel space to finding places that offer student discounts. Location: 402 Student Union

March 10th @ 6 pm – Apartment Hunting

In this session, we’ll share resources, tricks, and tips for managing your housing search. We will discuss how to prepare a housing budget, where to look, and how to save. Location: ZOOM.

March 15th @ 6 pm – Taking on Taxes

Join this session to learn the ins and outs of taxes. We’ll explain why taxes exist and how they work, what forms to look out for, and important dates to remember.  Location: ZOOM.

Financial Wellness 2/21/22

►New Financial Wellness Club

There’s a new club launching this month at the School of Medicine! Financially Healthy Physicians aims at addressing personal finance topics relevant to physicians. The club exists to help educate students on the financial aspects of medicine and how to navigate through various financial topics. Expect a variety of personal finance topics relevant to you while you’re still in school but also several post-graduation topics to help you plan for the future.

Their first meeting is Tuesday, February 22nd at 6 pm in Theater B. Please visit their page on RooGroups to join their club and ask any questions.

__________________________________________________________________________

►Scholarship Applications

The 2022-2023 UMKC Scholarship application deadline is fast approaching. Apply by March 1 to be considered for UMKC competitive scholarships and a number of SOM scholarships for Medical, AA, and PA students.

Did you know we have a large resource page on our website that showcases external scholarships you can apply for? We’ve linked scholarships for all programs within the SOM, so be sure to check it out here.

__________________________________________________________________________

►Head’s Up, Seniors!

You’ve all received an email from the Financial Wellness Department that includes important financial to-dos and resources before you graduate. Plus, nominate yourself or a fellow graduating senior for a Senior Award. If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC: Tax Facts

Learn some of the basic skills you need to make tax season as pleasurable – and profitable – as possible.

Daily Articles:

___________________________________________________________________________

►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

February 23rd  @ 5:30 pm – Black Entrepreneur Panel

Join us and learn about local Black entrepreneurs’ experiences in KC. Students will have a chance to learn from and discuss experiences with community panelists. Location: 401AD StudentUnion

March 2nd @ 1 pm – Travel Hacks: Spring Break Edition

Learn tips and tricks related to traveling. These tips will range from maximizing your travel space to finding places that offer student discounts. Location: 402 Student Union

 

Financial Wellness News 2/14/22

►New Financial Wellness Club

There’s a new club launching this month at the School of Medicine! Financially Healthy Physicians aims at addressing personal finance topics relevant to physicians. The club exists to help educate students on the financial aspects of medicine and how to navigate through various financial topics. Expect a variety of personal finance topics relevant to you while you’re still in school but also several post-graduation topics to help you plan for the future.

Their first meeting is Tuesday, February 22nd at 6 pm in Theater B. Please visit their page on RooGroups to join their club and ask any questions.

__________________________________________________________________________

►Scholarship Applications

The 2022-2023 UMKC Scholarship application deadline is fast approaching. Apply by March 1 to be considered for UMKC competitive scholarships and a number of SOM scholarships for Medical, AA, and PA students.

Did you know we have a large resource page on our website that showcases external scholarships you can apply for? We’ve linked scholarships for all programs within the SOM, so be sure to check it out here.

__________________________________________________________________________

►Head’s Up, Seniors!

You’ve all received an email from the Financial Wellness Department that includes important financial to-dos and resources before you graduate. Plus, nominate yourself or a fellow graduating senior for a Senior Award. If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Resource Spotlight

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.

Be sure to check out the MedLoans calculator for easy student loan organization and management.

This week at AAMC: Tax Facts

Learn some of the basic skills you need to make tax season as pleasurable – and profitable – as possible.

Daily Articles:

___________________________________________________________________________

►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

February 17th @ 6 pm – Caring about Credit

Join us to learn what credit is, how scores are calculated, and how to responsibly use a credit card to build your credit history. Located on ZOOM.

February 23rd  @ 5:30 pm – Black Entrepreneur Panel

Join us and learn about local Black entrepreneurs’ experiences in KC. Students will have a chance to learn from and discuss experiences with community panelists.

Financial Wellness News 2/7/22

FAFSA Priority Deadline is Here!

February 1 of each year marks the Priority Deadline for students to submit the Free Application for Federal Student Aid to apply for loans, grant money, and work-study arrangements.

We’ve put together a video that walks you through the process step by step. Click this link to view it.

You can also watch the video on your announcements page in your respective AA, PA, and Med program Canvas Courses. Just look for the Financial Wellness module.

Remember, completing a FAFSA does not mean you have to take out loans. If you are an undergraduate student, you’re eligible for Federal Pell and State grant money. If you’re a graduate or professional, don’t forget about work-study options. Plus, keep in mind that a lot of scholarships require a FAFSA to be on file.

If you have more questions on how to complete the FAFSA, visit this site for a complete overview of the process.

To complete or renew your FAFSA, click here.

___________________________________________________________________________

►Scholarship Applications

The 2022-2023 UMKC Scholarship application deadline is fast approaching. Apply by March 1 to be considered for UMKC competitive scholarships and a number of SOM scholarships for Medical, AA, and PA students.

__________________________________________________________________________

►Head’s Up, Seniors!

You’ve all received an email from the Financial Wellness Department that includes important financial to-dos and resources before you graduate. Plus, nominate yourself or a fellow graduating senior for a Senior Award. If you have questions about transitioning financially from Med School to Residency, you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

___________________________________________________________________________

►Get to know Financial Wellness

Finances are personal and unique, especially for medical students committing to schooling longer than the traditional four-year college student. At UMKC School of Medicine, we value your success and tailor financial wellness to your specific experiences. From living on campus to preparing for residency, we’ll be with you to plan every expense every step of the way.

1:1 Financial Coaching

Our main service is financial coaching that is 100% student-focused. We can help students create and stick to a spending plan, discuss using credit and paying debt, and much more. We would love to talk to you about your specific financial situation and goals and empower you to practice healthy money-management habits.

To get started, please reach out to Kristian at brennonk@umkc.edu to schedule a meeting.

Student Loan Review

It’s no secret that financial aid is confusing. Students often have many questions regarding their aid and how it affects their tuition, living expenses, and overall level of debt. We provide assistance with semester-based budgeting that accounts for student loans and additional aid. This helps students estimate expenses and ensure they take out the right level of aid for their education.

Resource Center

Looking for more information on a specific topic? Our Resource Center can provide clarity on personal finance topics that are relevant and updated often. Visit the Resource Center here.

___________________________________________________________________________

►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

February 17th @ 6 pm – Caring about Credit

Join us to learn what credit is, how scores are calculated, and how to responsibly use a credit card to build your credit history. Located on ZOOM.

February 23rd  @ 5:30 pm – Black Entrepreneur Panel

Join us and learn about local Black entrepreneurs’ experiences in KC. Students will have a chance to learn from and discuss experiences with community panelists.

Financial Wellness News 1/31/22

FAFSA Priority Deadline is Here!

February 1 of each year marks the Priority Deadline for students to submit the Free Application for Federal Student Aid to apply for loans, grant money, and work-study arrangements.

We’ve put together a video that walks you through the process step by step. Click this link to view it.

You can also watch the video on your announcements page in your respective AA, PA, and Med program Canvas Courses. Just look for the Financial Wellness module.

Remember, completing a FAFSA does not mean you have to take out loans. If you are an undergraduate student, you’re eligible for Federal Pell and State grant money. If you’re a graduate or professional, don’t forget about work-study options. Plus, keep in mind that a lot of scholarships require a FAFSA to be on file.

If you have more questions on how to complete the FAFSA, visit this site for a complete overview of the process.

To complete or renew your FAFSA, click here.

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►Head’s Up, Seniors!

Be sure to watch your inbox for an email from the Financial Wellness Department this week that includes important financial to-dos and resources before you graduate. Plus, nominate yourself or a fellow graduating senior for a Senior Award. If you have questions about transitioning financially from Med School to Residency, you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email brennonk@umkc.edu to schedule.

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►Get to know Financial Wellness

Finances are personal and unique, especially for medical students committing to schooling longer than the traditional four-year college student. At UMKC School of Medicine, we value your success and tailor financial wellness to your specific experiences. From living on campus to preparing for residency, we’ll be with you to plan every expense every step of the way.

1:1 Financial Coaching

Our main service is financial coaching that is 100% student-focused. We can help students create and stick to a spending plan, discuss using credit and paying debt, and much more. We would love to talk to you about your specific financial situation and goals and empower you to practice healthy money-management habits.

To get started, please reach out to Kristian at brennonk@umkc.edu to schedule a meeting.

Student Loan Review

It’s no secret that financial aid is confusing. Students often have many questions regarding their aid and how it affects their tuition, living expenses, and overall level of debt. We provide assistance with semester-based budgeting that accounts for student loans and additional aid. This helps students estimate expenses and ensure they take out the right level of aid for their education.

Resource Center

Looking for more information on a specific topic? Our Resource Center can provide clarity on personal finance topics that are relevant and updated often. Visit the Resource Center here.

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

February 2nd @ 6 pm – Applying for Scholarships

In this session, we’ll walk you through the UMKC GeneralScholarship Application, share tips, and discuss additional scholarship opportunities. Located on ZOOM.

February 17th @ 6 pm – Caring about Credit

Join us to learn what credit is, how scores are calculated, and how to responsibly use a credit card to build your credit history. Located on ZOOM.

February 23rd  @ 5:30 pm – Black Entrepreneur Panel

Join us and learn about local Black entrepreneurs’ experiences in KC. Students will have a chance to learn from and discuss experiences with community panelists.