Financial Wellness News 3/6/23

►Health Professional Loans Available

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 each year on March 1 and are due April 16th. You can apply at the UMKC Financial Aid site here and use the Secure Document Uploader to submit your application. You must include parental information on your FAFSA.


►Scholarship Spotlight:

Here are a few external scholarships that are open and featured to apply to!

  1. Marilyn McGuyre Scholarship
    1. Deadline: April 15
    2. Eligible Students: ALL BA/MD students.
  2. William L. Corporon, M.D. Memorial Scholarship
    1. Deadline: March 15
    2. Eligible Students: Medical Students in 5th or 6th year in Fall 2023
  3. 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.

    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.



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


►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

March 16th @  3pm – Taking on Taxes – Zoom

Understanding taxes does not have to be overwhelming! Join this session to learn the ins and outs of taxes. We’ll explain why taxes exist and how they work, what forms to look out for, and important dates to remember.

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!