Dollar$ and $ense – Financial Literacy
Dollar$ and $ense: May 2021
Don’t Be a Victim of Virtual Scams!
Every spring BU IS&T notices an influx of scams circulating around Boston University. Here are some tips to remember:
- BU will never ask for your login and password information via email
- If you’re unsure of the sender, don’t click on links or provide personal information
- Fight Phishing attempts by recognizing common signs of email scams
For more information view BU’s full Phishing Guide. If you believe you have received a phishing message, particularly one falsely claiming to be from BU forward it to email@example.com along with the message headers and then delete it.
Other SFS Reminders
Applying for aid in 2021/2022?
Make sure you submit the FAFSA for the 2021/2022 year using BU’s school code of 002130! We only need the FAFSA, and parental information is not needed. We are reviewing students for financial aid now. When you have been awarded financial aid, you will receive an email.
BUMC Housing Fair
The BUMC Office of Housing Resources would like to invite you to our virtual housing fair being held Friday May 21, 2021 from 12pm to 2pm. Visit our Housing Fair Registration Form to RSVP for the event.
Student Loan Exit Counseling for Graduating Students
Graduating Federal Direct Loan borrowers must complete the Federal Student Loan Exit Counseling. This can be done electronically at StudentAid.gov. Graduating BUSM institutional loan borrowers will receive a communication from Student Loan Accounting on the CRC with information about how to complete the Exit Counseling.
$5,000 Scholarship Opportunity for Underrepresented Medical Students
Students who meet the requirements are welcome to apply for one of five $5,000 scholarships offered by Panacea Financial, a financial services company offering banking services for medical professionals. The application is available now and closes on June 30th. Questions can be directed to Michael Jerkins, MD, M.Ed, and the President and Co-Founder of Panacea Financial.
Free Financial Wellness Resources
Loan Repayment Strategies for You Webinar – Recording available
Student Financial Services hosted a webinar with Julie Gilbert from the AAMC on Tuesday, April 13th and April 27th. The session gave valuable information about how to manage your student loan debt and determine which repayment strategy is right for you. The recording will be available on the Presentations and Events page of the SFS website until June 30, 2021.
Virtual Sessions and Drop-In Hours
SFS continues to work remotely during the Spring semester. As a result, the SFS office in the Robinson building remains closed. We are holding weekly “virtual drop-in hours” on Zoom. SFS staff will meet with students on a first-come, first-served basis. No appointments are necessary. The following link will bring you to the waiting room for the drop-in sessions, which are held weekly. Visit the Contact Us page for exact times and dates.
Don’t forget BUzz the Chatbot
24/7 Customer Service available on the SFS Website
Do you have general financial aid questions for which you need an immediate response? Visit the SFS website to meet and ask our Chatbot, BUzz, questions. BUzz can be found at the bottom of the website’s page.
Outside Financial Literacy Resources
Grad Sense, created by The Council of Graduate Schools, is a great resource tailored solely to graduate and professional student needs. Helpful tools provided by Grad Sense include budgeting, student loan repayment, and how to avoid financial pitfalls once you graduate.
MoneyGeek, founded financial industry veterans in finance and content marketing, is leading the charge to simplify personal finance. A myriad of financial concerns are addressed on the site, including financial planning, planning for college, student loan repayment, expenses associated with living in a big city, insurance, credit cards, mortgages, and more.
Specific resources are also available to address disparities in in the Hispanic/Latino communities.