Financial Wellness News – 10/9/23

2024-2025 Scholarships &
FAFSA Applications

UMKC and SOM Scholarship applications opened on October 1! Keep reading to learn about the scholarship process and important updates for the 2024-2025 FAFSA application.

2024-2025 FAFSA UPDATE:

FAFSA applications are usually open on October 1 of each year. However, the FAFSA won’t be open until December 2023 this year as the Department of Education is simplifying the application. Check back in December for updated information and resources to fill out the new application!

Remember, completing a FAFSA does not mean you have to take out loans. You’re eligible for Federal Pell and State grant money if you are an undergraduate student. 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, 2024.

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

When the FAFSA is released in December, apply here.

SCHOLARSHIPS:

For Years 1 & 2  Medical Students in 2023-2024:

Students in these years of the program for the 2024-2025 school year are not eligible for additional School of Medicine scholarships.

All Students are eligible for any of the general UMKC competitive scholarships. Be sure to visit umkc.academicworks.com and complete the general UMKC application and any additional prompted applications you may be eligible for.

For Years 3-6, MD, PA, & AA Students in 2024-2025:

The School of Medicine is pleased to offer students in the MD, AA, PA, and BA/MD 3-6 programs the chance to be awarded a scholarship from the School of Medicine for the 2024-2025 academic year. Scholarships are each in the amount of $5000.

To apply visit umkc.academicworks.com and complete the UMKC General Application and the prompted School of Medicine Scholarship Application. You must complete both applications to be eligible. The deadline to apply is March 1, 2024. 

Applications are reviewed and decisions are made in late Spring 2024.

If you have questions, please contact your Financial Wellness Counselor: Kristian Brennon at brennonk@umkc.edu.

Don’t forget to check out our list of external scholarships here and also on the SOM Financial Wellness Canvas!

►Events & Workshops:

You can RSVP for all SOM-sponsored events and additional Financial Wellness Center events on RooGroups.

Upcoming Events:

Homebuying for Physicians – Oct. 25th @ 12 pm | ZOOM. Join our dynamic guest speaker, mortgage lender Tim Munyan from FNBO for an overview of the homebuying process. Students will learn the basics of home buying, and then Tim will discuss the special types of mortgages available for physicians. RSVP here.

Health Professions Scholarship Program (HPSP) Information Session – Nov 9th @ 6 pm | ZOOM. Join the Army and Air Force recruiters to learn about how the Health Professions Scholarship Program can pay for your health degree. This program provides full tuition assistance plus a monthly stipend and bonus opportunities. This event will briefly review the program and then have an open discussion with current students who will share their experiences in the HPSP program. This event is best for incoming health students and students in year 1 of their professional program. RSVP here.

Know What You Owe – Nov. 16th @ 12 pm | ZOOM. Do you know how much you owe in student loans? In this virtual session, students will discover how to manage student loans and repay them upon graduation. The information will be specific to School of Medicine students and their loans.  RSVP here.