Financial Wellness News 11/28/22

►Events & Workshops:

Our final two financial wellness events of the semester are coming up and you won’t want to miss them! Don’t forget, you will want to attend at least 3 events this semester to be entered for a grand prize drawing in late December! Grab our flyer to see which events are included in the prize drawing here: SOM Financial Wellness Events

December events:

Games & Coloring –  December 6th from 12-2 pm | HSD Library Enjoy Stress-Less fest with Financial Wellness! Join us in the library for relaxing coloring and fun board games. We’ve also got snacks!

RSVP here.

Financial Wellness Bingo –  December 15th @2pm | Theater C. Come play BINGO with us! SOM students are welcome to win prizes while learning tips and tricks for personal money management.

RSVP here.

►JOIN OUR CANVAS:

Looking for a centralized location to review financial aid processes, stay up to date on scholarships, and increase your financial literacy? Our brand new SOM Financial Wellness Canvas is your new money toolkit!

On Canvas, you will find:

  • Financial Aid Overview & how-tos
  • Financial literacy tips and resources
  • Full Financial Wellness event calendars plus recorded events to watch on demand.
  • Schedule a meeting with your Financial Wellness Counselor
  • Ask a personal finance question
  • and more!

All Medical, AA, and PA students have received an invitation to join Canvas.

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

►UPDATE: 2022 Student Loan Forgiveness

On August 24th, President Biden announced sweeping student loan forgiveness for borrowers who have Federal Student Loans. Current students are included in this debt relief.

Read the Fact Sheet.

Since the announcement, the legislation has faced a few roadblocks, and applications are currently unavailable until the court sorts it out. Due to this, the payment and interest rate pause that has been in effect since 2020 and is set to expire on 12/31, has now been pushed back. The new expiration date is June 30, 2023, or 60 days after the court makes a decision on student loan forgiveness.

Read more about these updates. 

Learn more on studentaid.gov.

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Upcoming Events from Volker Financial Wellness:

Finding Financial Empowerment –  Nov. 29th @ 1 pm | SU 302.  Handling money doen’t have to be stressful! In this workshop, we’ll help you identify your money habits and attitudes. Our team will share the key fundamentals of college personal finance and use interactive activities to help you identify your financial goals.

RSVP here.

Start Your Business –  December 5th @ 12:00 PM | Bloch Executive Hall 211  In this session, we’ll discuss the basics of starting your own business. Presenters will discuss defining your early strategy, identifying your target audience, ideas for marketing your business, and important considerations for taxes. We’ll also share information about the many resources available to UMKC and Kansas City entrepreneurs!

RSVP here.