Financial Wellness News – 4/22/24

►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 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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►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:

 

17 A Seven-Day Plan to Cut Spending

Easy and actionable ways to keep more of your money in your wallet each month.

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►Upcoming Events:

(RSVP through the Financial Wellness Center on RooGroups)

April 24th – Accessing Community Resources

School of Medicine students are invited to learn more about the UMKC Kangaroo Pantry, the Basic Needs office, and broader community resources to help stretch your budget.