Financial Aid Literacy

Dont let your financial aid be overwhelming.  

Review the information below to help make the best possible decision for your future needs. The WVSOM financial aid office can help with any questions you may have.

Financial Aid Literacy Modules

WVSOM has worked with PGPresents to put together this list of short financial aid videos accessed through Moodle account. These videos are designed to give as much information as possible on the available repayment options in 3 to 12 minute sections.

Topics Covered

 
  1. Introduction
  2. Simple Steps to Selecting a Repayment Strategy
  3. Your Student Loan Portfolio
  4. Interest Rates and Capitalization
  5. The CARES Act
  6. Loan Servicers and Payment Application
  7. Importance of Monthly Interest Due
  8. Repayment Plans for Federal Student Loans
  9. Income Driven Repayment Plans
  10. PAYE vs REPAYE
  1. Married Borrowers and Repayment
  2. $0 Calculated IDR Payments
  3. Repayment Calculators
  4. Public Services Loan Forgiveness (PSLF)
  5. Starting Repayment and PSLF Early
  6. Postponing Payments
  7. Federal Consolidation
  8. Refinancing Student Loans with a Private Lender
  9. You Didn't Complete Program or Match
  10. Changing Strategies and Repayment Pans
View Financial Aid Literacy Modules 

AAMC FIRST Program

The Association of American Medical Colleges (AAMC) developed Financial Information, Resources, Services, and Tools (FIRST) program for medical education. Using these resources can help applicants, medical school students, residents, advisors and financial aid officers to enhance their financial literacy, make informed decisions regarding loans, and provide strategies to manage debt wisely.

FIRST Information

 

  • Create a plan to responsibly manage and repay your student loan debt
  • Understand the long-range impact of your financial decisions
  • Become a well-informed consumer
  • Practice healthy financial habits
  • Expand your financial literacy
  • Achieve a smooth transition from medical school to residency

FIRST Tools

Account creation may be necessary for some content.

  • Education Debt Manager booklet
  • Federal loan repayment comparison chart
  • Federal loan repayment estimator
  • Financial Wellness program
  • FIRST fact sheets
  • Loan repayment timeline
  • Med Loans Organizer and Calculator tool
AAMC - FIRST Program