Financial wellness is one of eight components found on the Wellness Wheel.
This component describes the ability to manage your financial resources successfully. It involves not living beyond your means, budgeting effectively, and creating short and long-term goals to save, invest, and plan for the future.
The Scholarships and Student Aid Office offers advice on funding options, budgeting and debt management. They manage McGill’s bursary, loan and Work Study program based on financial need. They also disburse all provincial, federal and US government student aid funding, and help with government aid information and documentation. Additionally the Scholarships and Student Aid Office directly collaborated with students to create The Frugal Scholar Money Management Program, which is a comprehensive program designed to help students budget effectively and graduate with manageable debt.
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