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CCOMmon Cents

CCOMmon Cents is the fully integrated Financial Literacy Program at the Carver College of Medicine.  It is a program that provides medical and physician assistant students the knowledge, tools, and resources to better understand the financial aid process, to manage their student loans more effectively, to make better informed decisions during their graduate programs, to help take control of their personal finances sooner, and encourage students to minimize their educational debt whenever possible.  We believe that it is essential to provide our students with personal finance education, to help them navigate their loan repayment options, and to provide financial literacy resources throughout their education to help ensure they reach their educational and personal financial goals.

 

Required Materials for MD Students

As part of our financial literacy initiative, we have identified a few resources that we are requiring students taking out medical student loans to review.  The materials cover important financial literacy topics and we have made a concerted effort to keep the content brief and relevant so they can be viewed without interfering with busy course schedules.  Topics vary from year to year based on student feedback.  Links to the materials are emailed out to each class during the year.  You can access these materials here.  The resources are listed below:

M1 Students

White Coat Investor Video

Budgeting Video

M2 Students

Loan Repayment/Forgiveness ebook

Credit and Credit Scores

M3 Students

Public Service Loan Forgiveness

M4 Students

What Programs May Help You Pay Back Your Student Loans

The Cost of Residency Video

 

CCOMmon Cents Newsletter

The CCOMmon Cents Newsletter is a one page financial literacy publication that is emailed to all CCOM students twice a semester.  It contains short articles about various financial literacy topics that are relevant to MD/PA students.  The format is kept short so that students can read it quickly and at their convenience.  If you have suggestions for future topics to be discussed, feel free to email Chris Roling.

Previous CCOMmon Cents Newsletters:

PDF iconJanuary 2023.pdf (Disability Insurance Federeal Loans vs Private Loans)

PDF iconNovember 2022.pdf (What if scenarios)

PDF iconSeptember 2022.pdf (Financial Literacy Podcasts & TikToks / Renter's Insurance)

PDF iconMarch 2022.pdf (Money Geek / Options for students that turn 26 and are unable to remain on parents' health insurance) 

PDF iconJanuary 2022.pdf (How much has the CARES Act saved students? / Identity Theft)

PDF iconNovember 2021.pdf (Truth Behind PSLF Statistics / How to track your student loans) 

PDF iconSeptember 2021.pdf (Comparing bank rates / SNAP benefits)

PDF iconSummer 2021.pdf (What is Capitalization? /CARES Act Update)

PDF iconMarch 2021.pdf (Tax Reminders for CCOM students / Free Community Resources)

PDF iconJanuary 2021.pdf (Picking a Financial Advisor / Buying a car during MD/PA school)

PDF iconNovember 2020.pdf (Medicaid Tips / Holiday Shopping on a budget)

PDF iconSeptember 2020.pdf (Smart alternatives to returning unused loans / Budgeting during a pandemic)

PDF iconSummer 2020.pdf (Closer look at your Cost of Attendance budget / Student loan relief for Carver Students)

PDF iconMarch 2020.pdf (Alternatives to paying back loans - loan repayment programs)

PDF iconJanuary 2020.pdf (The White Coat Investor / Avoiding Lifestyle Creep)

PDF iconNovember 2019.pdf (New financial literacy class / Dangers of making minimum payments on credit cards / New FAFSA app for smartphone)

PDF iconSeptember 2019.pdf (Financial literacy podcasts / More financial smart phone apps)

PDF iconSummer 2019.pdf (Student loan interest rates drop / Common reasons why refunds are late)

PDF iconMarch 2019.pdf (New finanancial literacy resources from AAMC / Financial iteracy books available for check-out )

PDF iconJanuary 2019.pdf  (Renter's Insurance / Fixed vs Variable Interest rates)

PDF iconNovember 2018.pdf (Nerd Wallet / Disability Insurance)

PDF iconSeptember 2018.pdf (Financial literacy apps / Loan oigination fees)

 

Financial Literacy Workshops

We provide workshops on various financial literacy topics throughout the year.  The sessions that are offered can change each year, but here is a list of workshops that have been offered in the last few years:

We also have a Financial Literacy Advisory Group (F.L.A.G.) that meets once per semester to brainstorm ideas for the following semester.  IF you are interested in joining this group, contact Chris Roling, Assistant Director of Financial Services.