Managing Your Finances

A big part of taking charge of your financial responsibilities is understanding what you can do to manage them before, during and after medical school. The team at U-M Medical School Financial Aid is here to help you make smart, informed decisions about your financial future.

Student reviews financial aid information

Financial Wellness Seminars

While you’re at U-M Medical School, you’re also invited to attend free seminars throughout the year on Financial Wellness.

We cover such topics as:

  • How to prepare your taxes.
  • How to manage medical school debt.
  • How to understand your credit report.
  • How to get started with investing and building your future savings.

If you can’t attend a seminar, watch for a video of it on this page. Let us know what topics you’re interested in for future sessions!

The Financial Aid Office recently hosted Chad Whipple, Certified Financial Planner for a Financial Wellness event.  During this session, Mr. Whipple discussed financial planning and the basics for medical professionals.  Topics covered included student loans and the different repayment options, budgeting rules of thumb, guide to buying your first home, and the building blocks of investing and retirement planning. The aim of this session was to help medical students feel more prepared for life after graduation. 

 

Financial Wellness Seminar Archive

Past seminar: Financial Planning Bootcamp for Physicians

Presentation materials

Budget Sheet

Financial Planning checklist

Guide to Money Management

Financial Planning for Resident Physicians

AAMC Financial Tools

The Association of American Medical Colleges (AAMC) also offers online advice and information on financial topics unique to medical students.

Some of these include:

Other U-M Financial Resources

The central University of Michigan Financial Aid Office provides general information for students about the basics of paying for college, including planning tools and calculators.