At University of Maryland University College, we're committed to providing the education and resources you need for a smooth transition from military life to your next career. We've been serving the higher education needs of military students since 1947, so we understand the uncertainties and anxieties that come with transitioning to civilian life, especially financial ones.
We also know that with the appropriate encouragement, guidance, and support, a smooth, successful financial transition can be achieved. UMUC can help you connect with services and resources that can give you that support. One such service is the Consumer Financial Protection Bureau. The CFPB provides no-cost financial coaching to transitioning servicemembers with a program managed through a contract with the AFSC/Magellan Federal.
The CFPB can connect you to a financial coach—a trained professional who can guide and assist you in a way that is nonjudgmental and based on your goals. Financial coaches provide support, encouragement, accountability, and tools to help you make informed decisions.
Who is eligible for financial coaching?
This program serves all veterans. However, it cannot serve active-duty servicemembers. National Guard and Reservists who are not on active-duty are also eligible.
Will my coach be a veteran?
CFPB coaches specialize in working with veterans. Many of the coaches in the national program are veterans or military spouses.
Will my coach share my information with anyone?
No. The service is entirely confidential. None of your personal or financial information is shared.
How do I know if I'm ready or right for coaching?
If you have goals that you’re prepared to work toward, if you have specific questions about how your finances impact your current situation, or if you're simply curious about better ways to achieve financial stability, you're probably ready for coaching.
Learn more about the resources available to veterans at UMUC's Veterans Resource Center.