Financial Resources

Financial Resources

Below you will find resources to help with financial issues such as money and debt management, personal or family budgeting, and financial aid. 

Money Management

  • UVA FEAP - FINANCIAL COUNSELING

    About

    By engaging outside expertise, FEAP can now connect you with trained professionals who have the certifications, knowledge, and experience to address a variety of financial concerns through consultation and customized guidance.

    Coaches are available to deliver financial counseling designed to help restore financial balance to your life. Coaches can support financial matters including:

    • Budgeting
    • Debt management
    • Financial crisis
    • Credit review and credit improvement
    • Consumer advocacy
    • Tax questions
    • Retirement planning advice
    • Identity theft
    • Savings 

    Consultations are personalized for your unique needs.

    Eligibility

    Employees of organizations FEAP supports and their adult family members are eligible for one initial sixty-minute consultation per separate financial matter at no cost with a network financial consultant after FEAP referral. 

    Contact

    To get started, contact FEAP. We can provide a referral immediately (without an initial FEAP appointment) or by electing to schedule an appointment with FEAP first.

  • UVA COMMUNITY CREDIT UNION - MONEY MANAGEMENT RESOURCES

    About

    UVA Community Credit Union offers a number of services to help with money management, including: 

    Education Library 

    A resource for online education materials, including the Home & Family Finance Resource Center and It's a Money Thing program!

    Guide to Balancing Your Checkbook 

    Sooner or later, anyone having a share draft/checking account learns that an essential part of managing a checkbook is balancing it. This is an easy task if kept up-to-date, but a nightmare if not. 

    Steps to Creating a Budget 

    Budget Blueprint encourages consumers to develop their own spending plans. This easy-to-use budget work sheet will help you see where your money is going and will help you adjust your spending where needed. The new online format allows you to input expenses and income while listing individual savings goals. It's a quick way to see where you are financially and plan for where you want to be.

    Debt Reduction Strategies 

    Review a list of articles, calculators, videos, and news to learn more about debt reduction strategies. 

    Effective Strategies for Saving 

    Review a list of articles, calculators, and news on effective strategies for saving and investing. 

    Personal Financial Manager 

    Central Finance is a personal financial management tool designed to allow users of UVA Community Credit Union Online Banking to manage financial accounts including checking, savings, credit cards, loans, and investments attached to multiple financial institutions all in the convenience of one safe and secure online site. 

    Eligibility

    Anyone who lives, works or attends school in the greater Charlottesville area may join.

    Contact

    Phone: 434.964.2001

    Or visit the website below for branch locations

    UVA COMMUNITY CREDIT UNION WEBSITE

  • PIEDMONT HOUSING ALLIANCE - HELP WITH BUDGETING AND MANAGING CREDIT

    About

    Piedmont Housing Alliance counselors can help you in planning out your monthly and yearly income, expenses and savings.

    They can also help you understand what is in your credit report. You need to bring a copy of your report from www.annualcreditreport.com to your first appointment or a report and FICO scores can be pulled for you for a fee of $25 per report. 

    Without any expense to you, a counselor can also help you understand how to build credit. 

    Contact

    Fill out and submit the intake form and a counselor will contact you to get started. 

    Or call: 434.817.2436

    PIEDMONT HOUSING ALLIANCE PERSONAL FINANCE RESOURCES

  • FTCCI - ONLINE INFORMATION ABOUT MANAGING DEBT

    The Federal Trade Commission Consumer Information (FTCCI) offers many helpful resources and educational articles, such as: 

    Explore the FTCCI website for more. 

    FTCCI WEBSITE

Retirement Funds and Savings Accounts

Other Financial Assistance Resources

  • UVA Employee Assistance Fund

    About

    The UVA Employee Assistance Fund (EAF) serves as a resource for UVA Academic employees who experience a financial hardship due to an unexpected and non-recurring need. The EAF can assist eligible employees in meeting basic needs when no other sources of monetary support are available through providing grants and financial counseling to the employee.

    UVA employees within the Academic Division and the College at Wise can submit a request for funding from the EAF for help meeting unexpected, one-time basic needs, such as those related to housing, utilities, food, and transportation. These requests can be easily submitted through Workday. 

    View more information.

    Eligibility

    • Eligible employees working 20 hours or more per week within the UVA Academic Division and College at Wise are eligible for the Fund.  
    • The employee must have a minimum of one continuous year of service.
    • Employees must not have any disciplinary actions that resulted from violating UVA Standards of Conduct policy within the past twelve (12) months.

    Contact

    Please read details on applying or donating to the Fund on the EAF website.

    If you have questions, contact FEAP. 

    Fund Details

  • UVA HEALTH PATIENT FINANCIAL SERVICES

    About

    UVA Health Patient Financial Services can help you find financial aid to cover your medical expenses, such as through UVA Financial Aid or the UVA Discount Program. Financial aid services are free. 

    Eligibility

    Eligibility requirements include: 

    • You do not have health insurance or workers’ compensation 

    • You are not negotiating a personal injury settlement with a third party that pertains to the reason you were seen 

    • You do not qualify for any other financial assistance program 

    Contact

    Phone: 434.924.8718 or 866.320.9659

    Email financialassistance@virginia.edu

    UVA HEALTH PATIENT FINANCIAL SERVICES WEBSITE

  • ALLIANCE FOR INTERFAITH MINISTRIES - HELP AVOIDING EVICTION

    About

    Alliance for Interfaith Ministries (AIM) helps qualified clients stay in their homes and avoid eviction. AIM provides case management to ensure clients receive the wrap-around services necessary to support them through their crisis. 

    Eligibility

    The following criteria must be fulfilled in order to receive AIM Assistance: 

    • Be a resident of Charlottesville or Albemarle County. 
    • Normally have enough income to pay all monthly bills if it weren’t for a one-time emergency.  An emergency is an event that caused applicant to lose income or that required them to pay expenses that are above and beyond what is normal for their household. 
    • Provide documentation of the specific emergency that prevents payment of the expense or bill for which they are requesting help (i.e. job termination notice, doctor’s note of medical emergency, receipt for unusual expense, etc.) 
    • Provide documentation of household income. 

    Contact

    Phone: 434.972.1704

    Email: director@aimcville.org

    AIM WEBSITE

  • TEMPORARY ASSISTANCE FOR NEEDY FAMILIES - VA CHILD SUPPORT

    About

    The Temporary Assistance for Needy Families (TANF) program provides eligible families with a monthly cash payment to meet their basic needs. The exact amount provided monthly depends on income. 

    Eligibility

    To be eligible for this program, the child must be:

    • Under age 18, or if 18, will graduate from high school before age 19
    • Going to school regularly if he is between the ages of 5 and 18
    • Living with a parent or other relative
    • A U.S. citizen or an eligible immigrant

    Virginia's TANF program emphasize personal responsibility. Participants may be provided with services such as job skills training, work experience, job readiness training, child care assistance, transportation, and other work related expenses.

    Contact

    You can apply for TANF and other State of Virginia benefits on the CommonHelp website

    or

    in person at 1600 Fifth St, Charlottesville where someone can help you fill in the forms. 

    TANF INFORMATION WEBSITE

  • CITY OF CHARLOTTESVILLE PROPERTY TAX ASSISTANCE

    About

    The City of Charlottesville is providing grants to help lower and middle income homeowners with paying their property taxes. Homeowners who are behind on their property taxes, or who need help with their taxes, may be able to receive grants of $375 or $525 depending on applicant income.

    The funds provided will be applied to the December property tax bill of qualified Charlottesville homeowners once their application is approved by the City.

    Eligibility

    Among eligibility requirements include:

    • The assessed value must be less than $365,000 
    • You must own no other home

    Contact

    Call 434.970.3333

    PROPERTY TAX ASSISTANCE WEBSITE

  • Malcolm Cole Child Development Center Scholarship

    About

    The Malcolm Cole Child Development Center (CDC) Scholarship is funded through a generous endowment gifted by Mrs. Cole. The endowment allows for scholarships to be awarded to Medical Center employees who currently have children enrolled at the Malcolm Cole CDC.

    Scholarships are offered on a need basis to Full and Part-Time benefits eligible employees to help meet the cost of current tuition. Applications open on July 1st each year.

    View more information.

    Eligibility

    Eligibility requirements include: 

    • Must be a Medical Center Team Member
    • Child must currently be enrolled at Malcolm Cole CDC
    • One scholarship awarded per household each year
    • Not terminating within 60 days

    Award are assigned at $500, $750, or $1,000 per year until the annual endowment funding is depleted.

    • $500 – need is indicated, but applicant does not indicate regular monthly financial challenges
    • $750- need is indicated, and applicant indicated additional monthly financial challenges (salary > $65,000)
    • $1000 – need is indicated, and applicant indicated additional monthly financial challenges (salary < $65,000)

    Contact

    Phone: 434.243.2643

    Email: feap@virginia.edu attn: Community Resource Specialist

  • Public Service Loan Forgiveness

    The Public Service Loan Forgiveness (PSLF) is a free program that forgives the remaining balance on direct loans after 120 qualifying monthly payments under a repayment plan.

    Learn more on the HR website

Tax Preparation Assistance

Here are local resources available to assist in preparing taxes. 

  • CVILLE TAX AID

    About

    One of the primary goals of the Cville Tax Aid Coalition is to help improve the financial lives of our community residents. Through this program, eligible taxpayers can save money on tax preparation fees and avoid excessive interest for Refund Anticipation Loans.

    Additionally, a significant number of people also fail to claim tax credits for which they are eligible, particularly the Earned Income Tax Credit (EITC). The Earned Income Tax Credit is the federal government's most effective antipoverty program for working households.

    View details about the Tax Aid program on their website, including a number to call, eligibility details, and a link to schedule appointments. 

    Contact

    Phone: 434.297.9762

    MADISON HOUSE TAX AID