Financial Literacy | Oklahoma State University

Financial Wellness and Financial Literacy

Live like a student NOW, so that you can live like a doctor when you graduate! This means borrowing only what is needed for your education! Even though the cost of attendance is established to ensure you have adequate funds for your cost of attendance expenses, you can also borrow less if you deem it necessary!

The AAMC’s Financial Information, Resources, Services, and Tools (FIRST) program works to empower students by providing student loan and money management information and resources that will enable students to borrow wisely and repay their students loans responsibly.

https://students-residents.aamc.org/financial-aid-resources/financial-aid-resources

Set Up Your Account

Visitaamc.org/financialwellness
Under “Need to Register?”, select your school (medical students) or role (resident, pre-med, staff, etc.)
Complete the registration form

Courses

After logging into your account, from the courses tab you will see all the available learning opportunities. You can read information, watch videos, take quizzes, obtain grades, and even print a course completion certificate.

Available courses include:

Budget Basics
Buying a Car
Financial Basics
Financial Planning
Financial Trouble
Having a Baby
Identity Theft
Managing Credit
Saving and Investing
Understanding Insurance

Suggested Presentation topics include:
* Repayment Strategies
* Money Management During Medical School
* Credit and Budgeting
* Behavioral Economics
* AAMC Financial Wellness
* Customizable presentations to cover subjects of your choosing
* Offering live money-management webinars for students and residents
* Engaging with students through individual meetings or via group “Meet With
FIRST” virtual town hall sessions
* Providing consultation services for medical school financial aid administrators
* Creating resources to help meet federal entrance and exit counseling
requirements

Below is a list of selected modules students are encouraged to complete. While this list is not an all-inclusive list of available modules, the selected modules contain information pertinent for most students and situations. We also realize students are at different points in their academic careers and my find other modules on the site that are more relevant. The suggested resources are listed by year in medical school.

SUGGESTED RESOURCES:

Premed: Articles

· Introduce students to AAMC.org.

· Introduce them to AAMC Financial Wellness for more in-depth financial tips.

· Top 10 questions you should ask your Financial Aid Officer

https://students-residents.aamc.org/financial-aid-resources/top-10-questions-premeds-should-ask-medical-school-financial-aid-officers

· The Financial Aid Application Processhttps://students-residents.aamc.org/financial-aid-resources/financial-aid-application-process

· Direct Loans 101https://students-residents.aamc.org/financial-aid-resources/direct-loans-101

· IHShttps://students-residents.aamc.org/financial-aid-resources/indian-health-service-ihs-loan-repayment-and-scholarship-programs

· Direct Plus Loanshttps://students-residents.aamc.org/financial-aid-resources/direct-plus-loans-graduate/professional-students

· Budget Worksheet https://students-residents.aamc.org/media/5131/download

MSI: Articles