Financial Wellness News – 4/10/2023

►Health Professional Loans Due!

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.

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►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. 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 brennonk@umkc.edu 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.

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►Celebrate Financial Literacy Month

We are celebrating financial wellness all month long at the School of Medicine! Find us in the lobby each week for fun and interactive tables with snacks! Plus, don’t forget that financial resources are available to you anytime through the SOM Financial Wellness Canvas!

4/7 – Financial Resources

4/14 – Cookies and Credit

4/24 – Financial Wellness at Saint Joseph

4/28 – Decorate a Savings Jar

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

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

April 1-30 Financial Literacy Month!

We will be in the SOM lobby handing out snacks and resources! See above for the dates!

April 19 @ 6 pm – Buying a Car

Hosted by the Financial Wellness Center, grab all the tips you’ll need to head to the car dealership! Event is hosted via ZOOM.

April 25 @ 6 pm – Apartment Hunting

In this workshop, students will share their personal experiences with finding apartments and moving. We’ll share resources, tricks, and tips for managing your housing search. We’ll also talk about things like, how do I know what I can afford? Where can I search for housing? And how can I save up for apartment and moving expenses? Event is hosted via ZOOM by the Financial Wellness Center.