Financial Wellness 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.

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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.