Financial Wellness News 10/4/21

FAFSA Application
Now Open!

October 1 of each year marks the first day students are able to complete 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. Complete the FAFSA before UMKC’s priority deadline of February 1, 2022.

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.

►Sign up for AAMC, Win a Prize!

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.

ANYONE who signs up for AAMC Financial Wellness and creates a budget by October 31 will be entered into a drawing for a prize! 

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Upcoming Events:

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

SOM Events:

Oct 27th  – Bagels and Budgets: Eat a bagel. Learn to budget. Students will receive a Panera bagel, budgeting tips, a chance to create their own budget, and gain answers to their budgeting questions. Oak Street Residence Hall Room 2003 @ 9 am

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

Oct 7th – Filing your FAFSA: Join us for this FAFSA Kickoff Workshop! In this workshop, we’ll talk about how the FAFSA is used and what financial aid is available. We’ll also answer common FAFSA-related questions. Student Union Room 402 @  1pm

Oct 20thFiling your FAFSA: Join us for this FAFSA Kickoff Workshop! In this workshop, we’ll talk about how the FAFSA is used and what financial aid is available. We’ll also answer common FAFSA-related questions. ZOOM @ 6 pm

Oct 26th – Understanding Student Loan Repayment: We’ll show you how to find your student loan totals, interest rates, and 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. ZOOM @ 6pm

Oct 28th – Mythbusters Personal Finance Edition: We pick up financial habits and information from social media, family, and friends all the time. In this session, we’ll break down money myths and misunderstandings and help you learn how to fact-check financial information. Student Union Room 402 @ 2pm

 

 

Longtime faculty member, emergency medicine pioneer Kendall McNabney remembered

The School of Medicine community mourns the passing  of W. Kendall McNabney, M.D., an icon at the UMKC School of Medicine and highly regarded leader and dedicated Truman Medical Center medical staff member for more than 30 years in the Departments of Emergency Medicine and Surgery.

After graduation from medical school and residency in general surgery at the University of Kansas School of Medicine, Dr. McNabney joined the Kansas City General Hospital staff, and served as an associate professor in surgery until he was drafted into the Army in 1968. As a board-certified surgeon, he was assigned as Chief of Surgery for the 45th Surgical Hospital in Tay Ninh, serving until 1970. He returned to General Hospital after his military service and was hired by Dr. Edward J. Twin, General Hospital’s new Executive Director, as Director of Trauma Services. With a goal to improve the quality of emergency medicine care in the Kansas City community, he founded the residency training program in 1973, one of the first in Emergency Medicine, in the US. The residency program has since graduated 47 classes totaling 386 Emergency Medicine physicians, with many of those physicians serving in leadership roles at the School of Medicine and across the country. Dr. Bill Robinson, Dr. Mark Steele, Dr. Richard Schwab, Dr. John Ma, Dr. Matthew Gratton and Dr. Adam Algren, followed as Department Chair, and all have maintained the tradition and excellence established by their mentor.

Dr. McNabney served as the Chair of Emergency Health Services from 1972-1986. He was a Professor with the University of Missouri-Kansas City SOM since 1978 and served as Assistant Dean for Graduate Medical Education for the SOM from 1987-1999. Nationally he served as President of the University Association of Emergency Medical Services from 1980-1981, as a member of the Residency Review Committee for Emergency Medicine from 1981-1984, and as a director on the American Board of Emergency Medicine from 1982-1986. He was most recently serving as a member of the TMC Joint Conference and Quality committee, and his presence and insightful comments consistently fueled important conversation and action.

Read his obituary here.

 

Fall excitement meets pandemic challenges

As we enter the fall of 2021, there is exciting news about our students, still more impact from the pandemic and a vision for looking forward to our next 50 years. In August, we welcomed our 2027 B.A./M.D. class and held two White Coat ceremonies — one for our students on the Health Sciences Campus and, for the first time ever, a separate ceremony for the inaugural class on our St. Joseph Mosaic Life Care Campus.

It is always invigorating to welcome our students to the medical community, but we do so as the COVID-19 pandemic continues. We face the hard truth that the highly contagious delta COVID variant virus, which has fueled the fourth surge of cases in the United States, has infected almost exclusively those who have chosen not to be vaccinated. COVID is indeed a vaccine preventable disease — and we are seeing more hospitalized in the youngest age groups, for whom vaccination is not yet available. We now enter the era where a third booster dose is recommended for those who are immunocompromised, and other high-risk adults, and anticipate the approval of vaccination for children down to the age of 5 years.

As we reflect on the UMKC SOM opening its doors in 1971, we do so with the recognition that based on the 2021-2022 US News and World report survey, we now rank as one of the top medical schools in the country where graduates pursue primary care training. We know this aging teaching facility has served us well, but now we need to renovate our research space to facilitate modern cutting-edge research programs and progress on updating our classrooms and IT technology. These plans will allow us to support our continued research and funding growth and to increase our capacity to train diverse health professional students. We hope you will invest in us as our SOM continues for the next 50 years of our journey.  

Mary Anne Jackson, M.D. ’78
Dean, School of Medicine

Financial Wellness News 9/13/21

Positive Financial Habit #1:
Shop Smarter

We are kicking off our Positive Financial Habits series with a tip that applies to everyone: smarter grocery shopping! It’s all too easy to bust a budget while browsing the snack aisle. Building smart shopping habits while at the store can be easy with a few minutes of planning before you head out the door.

A few easy ways you can stay on budget while at the store are:

  1. Plan meals ahead and stick to your grocery list
  2. Only buy the quantities you need for the specified period you’re shopping for and that you can eat before they expire.
  3. Compare ads and brands for the best price.

For more grocery budget tips, check out this blog.

Tight on Funds?

The UMKC Kangaroo Food Pantry is open and ready to help you stretch your grocery budget if you find yourself low on funds. You can find staple pantry items, fresh dairy products, and seasonal vegetables available to you on the first floor of the School of Medicine.

I have linked a few recipes below that use staple Kangaroo Pantry items to supplement your ingredient list paired with items you already own to create a yummy meal!

All recipes are from a fantastic resource called Budget Bytes. This website lists 100s of recipes that are budget-friendly. Check out the category “Meals Under $10” to get inspired on low-cost, high-taste recipes. Visit the website here.

#1 Spicy Peanut Butter Ramen

Pantry Ingredients: Peanut Butter, Ramen Noodle Pack

Recipe: Spicy Peanut Butter Ramen – Quick & Easy! – Budget Bytes

#2 Quick Veggie Pasta (ANY pasta, ANY veggie works!)

Pantry Ingredients: Spaghetti Noodles, Canned Chicken Breast, Seasonal Fresh Veggies

Recipe: Quick Veggie Pasta – Vegetarian or Vegan – Budget Bytes

#3 Tuna and Red Pepper Pasta

Pantry Ingredients: Canned Tuna, Spaghetti Noodles

Recipe: Tuna and Red Pepper Pasta – Budget Bytes

#4 Cheesy Chicken & Rice Casserole

►Great for leftovers or meal prep!

 Pantry Ingredients: Canned Chicken, Rice, Milk, Canned Mixed Veggies OR Fresh  Veggies

Recipe: Cheesy Chicken Vegetable and Rice Casserole – Budget Bytes

#5 Raspberry Oatmeal Bars

            Pantry Ingredients: Oats, Jelly

Recipe: Raspberry Oatmeal Bars – Budget Bytes

Want more budget-friendly meal inspiration? We suggest this article.

Resource Reminder:

Click the image below to watch a short video on all the features AAMC Financial Wellness offers.

ANYONE who signs up for AAMC Financial Wellness and creates a budget by October 31 will be entered into a drawing for a prize!

_________________________________________________________________________

September Events:

Caring about Credit – Tuesday, September 21 @ 2 pm. Location: 402 Student Union (Volker)

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

Financial Wellness Meet and Greets – Get to know the Financial Wellness Department! Visit our table and grab a free snack in the SOM Lobby on September 30th and October 1st. More details and times to come. See you there!

Financial Wellness News 9/6/2021

►Fall for Financial Wellness
this Semester!

If you’ve been by the Student Affairs Suite, you may have noticed the financial wellness-themed window! The window elements list ways that you can be financially well this semester.

Each week this month we will be highlighting a specific positive financial habit that will increase your overall financial well-being.

►This Week’s Positive Habit: Create a Budget

A budget is a tool that gives you permission to spend on the items you want! Eliminate unnecessary stress by creating a plan each month to pay bills and spend money on items you want.

Create a monthly budget with 3 easy steps:

  1. List all income sources for the month: Do you have a job? Are you provided with spending money from your support system? List those funds here.
  2. List all expenses for the month: These can be “needs” like a rent or utility bill but also include your “wants” like an entertainment category.
  3. Subtract expenses from income: Once you have all of your expenses listed, subtract those amounts from your income for the month.
    1. If the number is positive, then you are spending less than you make. This is a positive habit.
    2. If the number is negative, go back and review some of your “wants” and adjust until you net zero.

Watch this quick video for a complete overview of budgeting.

►Create Your Budget with AAMC

The AAMC Financial Wellness money management dashboard includes a feature for you to create a budget in just a few minutes. Then, export it to your computer to save for later if desired.

ANYONE who signs up for AAMC Financial Wellness and creates a budget by October 1 will be entered into a drawing for a prize!

You can also use this dashboard to:

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

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

Click the image below to watch a short video on all the features AAMC Financial Wellness offers.

►Reminder: Bills are due on September 10th

If you haven’t paid your bill or made payment arrangements with the Cashiers’ office, you need to do so by September 10th to avoid late fees and finance charges.

For more tips on how to manage your UMKC bill click here.

_________________________________________________________________________

September Events:

Caring about Credit – Tuesday, September 21 @ 2 pm. Location: 402 Student Union (Volker)

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

Financial Wellness News 8/30/21

Engage with Financial Wellness
This Week!

Financial Wellness events are in full swing this week! Plus, take control of your finances this year by meeting 1:1 with our Financial Wellness Counselor and utilizing the AAMC Financial Wellness dashboard.

►Events & Workshops:

Tuesday, August 31 @ 2 pm.

Basics of Budgeting Workshop –  Wondering how to make your money work for you? This workshop will help you create and manage a budget based on your financial goals. Register on RooGroups. Location: 302 Student Union (Volker) – Hosted by Volker Campus Financial Wellness Center.

Wednesday, September 1 from 11:30-1 pm:

Lunch on the Lawn – Visit our table and grab some snacks and play some games during the HSD Lunch on the Lawn. Lunch provided to students. Located on the lawn in front of the SOM.

Thursday, September 2 from 2-5 pm:

The Financial Wellness Center Open House – Our friends at the Volker campus financial wellness office are hosting an open house to tour their new space and meet the brand new Financial Wellness department. Location: Volker Administration Center Suite 223.

►Sign up for AAMC, Win a Prize!

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.

ANYONE who signs up for AAMC Financial Wellness and creates a budget by October 1 will be entered into a drawing for a prize! 

This week at AAMC: Crash Course in Homebuying

Buying a home is the single largest purchase most of us will ever make. Learn the basics of home buying with this week’s topic at AAMC Financial Wellness.

Daily Articles:

►Additional Resources

Budget Worksheet:  You’ve got to start off the year with a plan! Grab our Student Academic Budget worksheet and plan for the entire year in one place. Utilize the worksheet on your own, or schedule a 1:1 budget session with your Financial Wellness Counselor, Kristian at brennonk@umkc.edu.

Resource Center: Our Financial Wellness Resource Center is now open. Check back often for more resources and updates!

►Make an Appointment:

Finances are personal and unique! Set up an appointment to speak to your Financial Wellness Counselor about your specific financial questions and concerns. Appointments are available in person at both Health Sciences and Volker campuses as well as virtually.

Schedule now

_________________________________________________________________________

August Events:

Basics of Budgeting – Tuesday, August 31 @ 2 pm. Location: 302 Student Union (Volker)

Wondering how to make your money work for you? This workshop will help you create and manage a budget based on your financial goals. Register on RooGroups.

Financial Wellness News 8/30/21

Engage with Financial Wellness
This Week!

Financial Wellness events are in full swing this week! Plus, take control of your finances this year by meeting 1:1 with our Financial Wellness Counselor and utilizing the AAMC Financial Wellness dashboard.

►Events & Workshops:

Tuesday, August 31 @ 2 pm.

Basics of Budgeting Workshop –  Wondering how to make your money work for you? This workshop will help you create and manage a budget based on your financial goals. Register on RooGroups. Location: 302 Student Union (Volker) – Hosted by Volker Campus Financial Wellness Center.

Wednesday, September 1 from 11:30-1 pm:

Lunch on the Lawn – Visit our table and grab some snacks and play some games during the HSD Lunch on the Lawn. Lunch provided to students. Located on the lawn in front of the SOM.

Thursday, September 2 from 2-5 pm:

The Financial Wellness Center Open House – Our friends at the Volker campus financial wellness office are hosting an open house to tour their new space and meet the brand new Financial Wellness department. Location: Volker Administration Center Suite 223.

►Sign up for AAMC, Win a Prize!

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.

ANYONE who signs up for AAMC Financial Wellness and creates a budget by October 1 will be entered into a drawing for a prize! 

This week at AAMC: Crash Course in Homebuying

Buying a home is the single largest purchase most of us will ever make. Learn the basics of home buying with this week’s topic at AAMC Financial Wellness.

Daily Articles:

►Additional Resources

Budget Worksheet:  You’ve got to start off the year with a plan! Grab our Student Academic Budget worksheet and plan for the entire year in one place. Utilize the worksheet on your own, or schedule a 1:1 budget session with your Financial Wellness Counselor, Kristian at brennonk@umkc.edu.

Resource Center: Our Financial Wellness Resource Center is now open. Check back often for more resources and updates!

►Make an Appointment:

Finances are personal and unique! Set up an appointment to speak to your Financial Wellness Counselor about your specific financial questions and concerns. Appointments are available in person at both Health Sciences and Volker campuses as well as virtually.

Schedule now

_________________________________________________________________________

August Events:

Basics of Budgeting – Tuesday, August 31 @ 2 pm. Location: 302 Student Union (Volker)

Wondering how to make your money work for you? This workshop will help you create and manage a budget based on your financial goals. Register on RooGroups.

Financial Wellness News 8/16/21

Financial Wellness Resources
to Ace this Year’s Budget

Is your wallet ready for this school year? We want to share some of our favorite resources to help you make this the best money-management year yet!

►Events & Workshops:

The Volker Financial Wellness Center is hosting quite a few in-person and virtual events this fall. Grab their schedule here: FWC Workshop Flyer, Fall 2021 and register for the events on RooGroups.

Plus, keep an eye out for School of Medicine-specific Financial Wellness Events coming soon. You’ll hear about them in this newsletter and also on our website.

►Money Management Tools:

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.

WellConnect Financial Literacy: Similar to AAMC Financial Wellness, read up on the latest financial topics, budget, and create financial goals. Plus you can:

  • Assess your risk of ID theft
  • Share accomplishments with friends
  • Determine your financial values.

Create a free account here and use the UMKC School Code: UMKCSOM

►Additional Resources

Budget Worksheet:  You’ve got to start off the year with a plan! Grab our Student Academic Budget worksheet and plan for the entire year in one place. Utilize the worksheet on your own, or schedule a 1:1 budget session with your Financial Wellness Counselor, Kristian at brennonk@umkc.edu.

Resource Center: Our Financial Wellness Resource Center is now open. Check back often for more resources and updates!

_________________________________________________________________________

August Events:

Basics of Budgeting – Thursday, August 31 @ 2 pm. Location: 302 Student Union (Volker)

Wondering how to make your money work for you? This workshop will help you create and manage a budget based on your financial goals. Register on RooGroups.

Financial Wellness News 8/9/21

►Bills Are Here!

The cashier’s office is releasing the final Fall semester bills on August 10th. To avoid holds, late fees, and a delay in class start dates, make sure you have your UMKC bill taken care of this week with these quick tips:

Check Your Budget

Ensure you are not taking out more debt than needed. List your personal and school expense for the year, and determine what income source you will need. Budget for the entire academic year with our budget worksheet or schedule a 1:1 budget session today!

►Get the worksheet: 

Check Your To-Do List

If you are missing any steps in the financial aid process, you’ve received emails with action items to complete. Additionally, log on to Pathway and make sure you’ve completed all outstanding items on your To-Do lists located on the right-hand side. 

If you have accepted loans to cover this year’s charges, have you completed the required entrance counseling and signed the promissory note? Log onto Studentaid.gov with your FAFSA ID to ensure you’ve completed these required steps. 

ALL forms of financial aid will begin disbursing to student accounts one week prior to the start of the semester (August 16th) so be sure to have all of your checklists completed by that date. 

Check Your Aid Acceptance Status

Did you accept your aid? Make sure that you have accepted the aid you plan to use for this semester. Aid will be applied to your cashier’s bill first, and the excess disbursed to you. Your bill will show your balance and anticipated aid. If the “Adjusted Amount Due” is negative, then your aid is covering your bill. If it is positive, that is a balance that you either need to pay or make payment arrangements for.  

►If you are not sure how to review and accept your aid, click here.

___________________________________________________________________________

►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.

Financial Wellness News 8/9/21

►Bills Are Here!

The cashier’s office is releasing the final Fall semester bills on August 10th. To avoid holds, late fees, and a delay in class start dates, make sure you have your UMKC bill taken care of this week with these quick tips:

Check Your Budget

Ensure you are not taking out more debt than needed. List your personal and school expense for the year, and determine what income source you will need. Budget for the entire academic year with our budget worksheet or schedule a 1:1 budget session today!

►Get the worksheet: 

Check Your To-Do List

If you are missing any steps in the financial aid process, you’ve received emails with action items to complete. Additionally, log on to Pathway and make sure you’ve completed all outstanding items on your To-Do lists located on the right-hand side. 

If you have accepted loans to cover this year’s charges, have you completed the required entrance counseling and signed the promissory note? Log onto Studentaid.gov with your FAFSA ID to ensure you’ve completed these required steps. 

ALL forms of financial aid will begin disbursing to student accounts one week prior to the start of the semester (August 16th) so be sure to have all of your checklists completed by that date. 

Check Your Aid Acceptance Status

Did you accept your aid? Make sure that you have accepted the aid you plan to use for this semester. Aid will be applied to your cashier’s bill first, and the excess disbursed to you. Your bill will show your balance and anticipated aid. If the “Adjusted Amount Due” is negative, then your aid is covering your bill. If it is positive, that is a balance that you either need to pay or make payment arrangements for.  

►If you are not sure how to review and accept your aid, click here.

___________________________________________________________________________

►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.