►Health Professional Loans Coming Soon
UMKC offers alternative loan options for Disadvantaged Students (LDS Program) or for those passionate about Primary Care (PCL Program.) These loans have a fixed interest rate and do not accrue interest during school. They also have a longer Grace Period upon graduation of 12 months.
For the Primary Care Loan, students MUST go into an approved Primary Care specialty or will face high-interest rate penalties. Please only consider applying if you are passionate about primary care.
- Approved specialties as defined by HRSA are Family Medicine, Internal Medicine, Pediatrics, Combined Medicine/Pediatrics, Preventative Medicine, and General Practice. (OB/GYN is NOT approved)
Application Process: Applications open this year on April 15th and are due May 15th. You can read more and apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on a separate form that will be included with the application due to loan policies.
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►Scholarship Spotlight:
As always, find featured scholarships on the “What’s Happening” page of the SOM Financial Wellness Canvas. View our complete list of external scholarship resources here.
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►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.
►This week at AAMC:
Financial Rules of Thumb
Financial rules of thumb are designed to be broad, simple guidelines that give consumers a way to save, spend, and invest wisely.
Daily Tips:
- Financial Guidelines to Consider
- Spending Wisely to Build Wealth
- Investment Strategies for Retirement Planning
- Are You Really Covered?
- Using Education Debt and Student Loans Wisely
- 3 Things to Consider During Financial Planning
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►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!
March 28th @ 12 PM – Know What You Owe
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. If you are not in the School of Medicine, check out our other “Know What You Owe” events!
