Financial Wellness

Financial wellness plays an important part in our overall wellness.  We offer several ways to help you achieve financial wellness:
Tuition Waiver – Take a class in a subject you are interested in or make your goal of completing your degree a reality. The Office of Human Resources, in conjunction with the Finance Office, administers a tuition waiver program, which allows the University of Mary Washington employee to complete credit and non-credit courses at the University of Mary Washington.
UMW Compensation Estimator – The University has put together an interactive Total Compensation Estimator which is available to both current and prospective employees. The Total Compensation Estimator provides a more complete picture of the estimated value of your total compensation package at UMW.
UMW Scholarships for Children of Faculty and Staff – There are many scholarship opportunities at UMW.
Virginia 529 College Savings Plan – Start saving early and often; learn how to start your college savings with the Virginia 529.
Child Care Subsidy Program – We have partnered with Kids’ Station, a child care facility located on the Mary Washington Hospital campus, to subsidize the cost of child care for infant, toddler, and preschool age children of UMW employees.

Campus Visits – Visits from vendors tend to happen quarterly and offer financial planning.  All visits are on the Announcements page and published in Eagle Eye.

Links to Vendors

Virginia State Employee Emergency Fund – The Virginia State Emergency Fund (VSEEF) was launched in 2008 to help Virginia State Employees in need. This fund was created for State employees who are in financial need as a result of an emergency, recent crisis, or death of a loved one.
Virginia State Employee Loan Program – The program links a financial fitness education program with loans of up to $500 for a six-month period.
457 Plan InformationThe 457 plan is a type of retirement plan that is available for governmental and certain non-governmental employers in the United States. The employer provides the plan and the employee defers compensation into it on a pre-tax basis.
403b-Providers List – A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.