That’s a Wrap!
The Financial Wellness Department had SO much fun celebrating National Financial Capability Month in April. We hosted 3 events, and gave out tons of snacks, resources, and prizes! BIG congrats to Sundas who won our Raffle drawing!
If you missed out on all of the fun, don’t worry! We have one more event on May 6th and then we will be back with tons of activities in the fall.
►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 May 15th. 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.
►Summer Aid Update
Usually, Summer Financial Aid Request Forms are available on the UMKC Financial Aid site on March 1 annually. This year, Summer Aid will happen automatically! For the health sciences programs, you will be automatically packaged for Summer financial aid (if eligible) when batch enrollment is complete. If you are enrolled and still do not have your Summer Aid on your account, make sure you’ve:
- Completed the 2021-2022 FAFSA
- Have no outstanding financial aid task items.
Email Kristian if you’d like to set up a budget meeting before accepting aid at email@example.com.
►Scholarship Informational Session
The Health Professions Scholarship Program (HPSP) is a military-wide initiative to offer full tuition, fees, and expenses paid to medical and PA students. Come learn more about this program with incredible financial perks (including $2400/month stipend!) on May 6th.
Free pizza will be available as students listen to Army and Air Force representatives discussing the ins and outs of the HPSP program. There’s no obligation to sign up for the program, just attend to learn more!
The MedLoans Organizer and Calculator from the AAMC is a fantastic tool to stay up to date on your student loans. Not only can you organize each loan you can also run repayment scenarios based on your financial situation upon graduation.
If you have questions about transitioning financially from Med School to your career you’re welcome to schedule a meeting with your Financial Wellness Counselor to discuss. Email firstname.lastname@example.org to schedule.
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.
(RSVP through the Financial Wellness Center on RooGroups)
May 6th – HPSP Scholarship Informational Session
Join us for more information on the HPSP scholarship program. Free pizza will be provided. Location: Theater C (and ZOOM) at 4:15 pm. RVSP here.