Financial Counseling

Are you worried about your personal finances? You can get free, confidential help through the University of Minnesota.  

Employees and their families get six free individual counseling sessions a year through LSS Financial Counseling, a nonprofit financial counseling service.

Employee Testimonials

"While I was attending an LSS webinar, I realized that my family could benefit from getting some financial help. I filled out a form on the LSS website and received an email from an LSS counselor with some ideas for our budget—no judgment, just tips to improve our financial wellbeing. If you think you could use a financial tune-up, I highly recommend setting aside your pride and reaching out to LSS."

—Kacey Gregorson, Senior Academic Advisor, Department of Chemical Engineering & Materials Science, Twin Cities

“The LSS counseling sessions are excellent—no judging, blaming, or shaming—just straightforward and compassionate advice. The counselor suggested strategies I hadn't ever considered and helped me work through how to apply them to my finances. Even if you think you know enough about money, it’s definitely worth scheduling a session. I'm so happy that I took advantage of this and wish I had done it sooner!”

—Jennifer Koper, Lead Executive Advisor, Research Data Assistance Center, Twin Cities

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Your Financial Counseling Benefit

  • All University of Minnesota employees are eligible to use this benefit.
  • Your counseling is private and confidential.
  • You can have up to six visits per year.
  • You and your spouse or family can meet with the counselor so you’re all on the same page with the plan.
  • You can meet face-to-face, by telephone or online—whichever is more convenient for you.
  • Schedule your sessions directly with LSS Financial Counseling at 1-800-528-2926.

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Financial Counseling Services Offered

Make a budget

A certified financial counselor will help you develop a budget and a plan of action for debt payment based on your situation.

Consolidate payments

A Debt Management Plan (DMP) consolidates your monthly bills into one simple payment–often with a lower interest rate–so you can start paying off those debts and return to financial health. With a DMP, you pay your creditors through one monthly payment to LSS Financial Counseling. Most creditors will stop late fees and reduce interest rates because a DMP helps them to get paid in full. There is a monthly service fee based on the size of your payment, but the DMP set-up fee is waived for University of Minnesota employees.

Master your student loans

Learn how you can move from worrying about student loan repayments to having a realistic plan to tackle your loans. LSS is familiar with all types of student loans and public service loan forgiveness programs.

Public Service Loan Forgiveness

This LSS blog post on the Public Service Loan Forgiveness (PSLF) program can provide additional information, as well as this Fidelity PSLF webpage

Improve your credit score

Learn how to read and understand your credit reports and make a personalized action plan to improve your credit score. A counselor will help you learn how to correct errors and prevent identity theft of your credit information.

Protect your home

Housing counselors who are certified by the Department of Housing and Urban Development (HUD) can help you assess your housing options, whether you’re having trouble making mortgage payments, considering refinancing or a reverse mortgage, or even buying a home.

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Additional Services

University employees are charged a fee for monthly debt management plans. Employees must self-pay the monthly service fee and LSS waives the one-time set-up fee.

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How to Use Your Financial Counseling Benefit

All University of Minnesota employees are eligible to use this benefit. Just contact:

LSS Financial Counseling
Phone: 1-800-528-2926

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Additional Resource

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