Financial Literacy and Debt Management Program Curriculum

This EXCLUSIVE program is only avaliable at OCOM and provides students a four year curriculum to understand financial literacy and debt management.

In pursuit of ensuring every student has the opportunity for a strong financial foundation, beyond funding their education, OCOM has an Accredited Financial Counselor (AFC) on staff to meet students where they are, realize their goals, and achieve lasting financial well-being.

Topic & Meeting Sequence

  • Interview Day: Office of Financial Aid presents: Financing a Medical Education

    • Required, Fall: Office of Financial Aid Orientation Presentation – Topics include general financial aid for upcoming academic year, policies and procedures, loan counseling, debt management program

    • Required, Fall: Entrance Counseling Session -  One-on-One Appointment with the Office of Financial Aid to review completed OCOM Budget Worksheet and AAMC FIRST MED Loans Organizer and Calculator results.

    • Required, Spring: Office of Financial Aid Debt Management Program Class Presentation - Topics include general financial aid for upcoming academic year, policies and procedures, loan counseling, debt management program 

    • Optional: Financial Literacy Workshops, can include presentations, webinars, modules

    • Optional, Fall: Update the OCOM Budget Worksheet and AAMC FIRST MED Loans Organizer and Calculator. 

    • Required, Spring: Office of Financial Aid Debt Management Program Class Presentation - Topics include general financial aid for upcoming academic year, policies and procedures, loan counseling, debt management program 

    • Optional: Financial Literacy Workshops, can include presentations, webinars, modules

    • Optional, Fall: Update the OCOM Budget Worksheet and AAMC FIRST MED Loans Organizer and Calculator. 

    • Required, Spring: Office of Financial Aid Debt Management Program Class Presentation - Topics include general financial aid for upcoming academic year, policies and procedures, loan counseling, debt management program 

    • Optional: Financial Literacy Workshops, can include presentations, webinars, modules

    • Optional, Fall: Update the OCOM Budget Worksheet and AAMC FIRST MED Loans Organizer and Calculator. 

    • Required, Spring: Office of Financial Aid Exit Counseling Session Class Presentation

    • Topics: 

      • Managing Your Medical School Debt and Loan Repayment,Doctors Without Quarters

      • Financial Planning for New Physicians

    • Required, Spring: Exit Counseling Session - One-on-One Appointment with the Office of Financial Aid to review individual student loan history, strategize a loan repayment plan, and discuss any financial concerns and general questions.

    • Optional: Financial Literacy Workshops, can include presentations, webinars, modules

These debt management tools can assist you in strengthening your financial literacy, loan repayment, and money management skills. The OCOM Office of Financial Aid utilizes these tools in the required Debt Management Program.

OCOM Interactive Worksheet

The OCOM Interactive Budget Worksheet Guide and Budget Worksheet can help you determine the appropriate amount of financial aid to accept.

Debt Management Tools

Medloans Organizer and Calculator

The Medloans Organizer and Calculator, developed by the Association of American Medical Colleges, provides a secure location to medical students and residents to organize and track loans, calculate custom repayment plans, and make smart choices about repayment.

Credit Reports

It is important that students realize the impact their credit reports have on financial aid options, student loans, and future credit access. Students should regularly monitor credit histories and annually check credit reports.

The Association of American Medical Colleges' FIRST (Financial Information, Resources, Services, and Tools) Program

The Association of American Medical Colleges' FIRST program is a valuable resource for medical students and can assist students in understanding all aspects of debt management.