Financial Wellness News 2/13/2023

Scholarships, Scholarships!

Every spring marks the upcoming deadlines for scholarship applications for the next academic year! This week’s newsletter has both UMKC scholarship applications and tips to find more in the community!

►UMKC/SOM Competitive Application

The 2023-2024 UMKC Scholarship application deadline is fast approaching. 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.

ALL students are encouraged to complete the General Scholarship application which is a universal application that allows you to apply for hundreds of UMKC scholarships at once. If you are going to be in Year 3-6 or a AA or PA student in 2023-2024, then you will be automatically prompted to complete the SOM supplemental application.

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.

►Edward Baumhardt Schizophrenia Scholarship

This scholarship awards a $2000 scholarship to the student who writes the best paper on schizophrenia or a related subject. Eligible students must be MD-seeking students in years 3 through 6 for the 2023-2024 school year. December graduates are eligible.

Submit your paper to Ms. Kristian Brennon April 15th. You will receive a response confirming your submission.  The scholarship committee will review papers shortly after the due date.

►Search for Scholarships in the Community

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.


►Scholarship Spotlight on Canvas:

Here are a few external scholarships that are open and featured to apply to.  As always, find featured scholarships on the “What’s Happening” page of the SOM Financial Wellness Canvas.

  1. AMA Foundation Physicians of Tomorrow:
    1. Deadline: February 28th (ALL documentation!)
    2. Requires a UMKC code to apply. Email Kristian which application you are applying for and have completed. Codes are limited and are first come, first serve.
    3. Learn how to apply here: 2023 AMAF Physicians of Tomorrow Scholarship Interested Applicant Webinar – YouTube
  2. Marilyn McGuyre Scholarship
    1. Deadline: April 15
    2. Eligible Students: ALL BA/MD students.
  3. William L. Corporon, M.D. Memorial Scholarship
    1. Deadline: March 15
    2. Eligible Students: Medical Students in 5th or 6th year in Fall 2023
  4. Boone County Medical Society
    1. Two scholarship opportunities
    2. Paper application, see the “What’s Happening” page of the Financial Wellness Canvas Course



Looking for a centralized location to review financial aid processes, stay up to date on scholarships, and increase your financial literacy? Our  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 can’t find it, enroll here.

If you have questions, please contact your Financial Wellness Counselor: Kristian Brennon at


►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

This week, you’ll learn some of the basic skills you need to make tax season as easy – and profitable – as possible.


►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

March 23rd @ 5 pm – Money Moves for Residency

Calling all Year 6 students! In this event, we will review student loan repayment, employee benefits, home loans for physicians, and money management tips to ensure the transition to residency is financially smooth! We will have a mortgage lender from FNBO as one of our speakers and dinner will be provided!