October 16, 2018
Julie Weaver has been named McDaniel College’s financial wellness coordinator. This new position has been created to help students navigate the complexities of paying for college all four years, manage loan debt and other college-related expenses and learn how to budget and plan for the future.
Because financial wellness involves the process of learning how to successfully manage financial expenses, the goal of this new position is to help alleviate financial stress for McDaniel students by providing counseling and advising throughout their undergraduate college experience in addition to helping establish resources for long-term financial planning.
“We want to educate students on financial literacy, so that they will make informed choices, since financial decisions that they make as college students will have a significant impact on their financial future,” said Weaver. “This is a unique position for small independent colleges like McDaniel to have. We are creating a custom program to address these issues among our students.”
The position, which reports directly to the director of financial aid, also aligns with McDaniel’s commitment to access and affordability. More than 90 percent of students receive some type of financial assistance, and the College invests over $40 million annually in grants and scholarships. In addition, nearly 40 percent of McDaniel students are first-generation college students.
Weaver formerly served as a financial aid counselor at the College. Prior to coming to McDaniel in 2015, she was program manager for the Division of Innovation and Applied Research at Towson University. She spent nearly 15 years in finance with Deutsche Bank Securities (formerly Alex. Brown & Sons), most recently as senior vice president and director of corporate services marketing.
A native and current resident of Westminster, Md., Weaver was a first-generation college student at the University of Maryland, where she earned a bachelor’s degree in business management in 1993. She has achieved professional designations from the University of Pennsylvania’s Wharton School and Santa Clara University.
McDaniel’s new financial wellness coordinator position was created with financial support by Victor McTeer, a 1969 alumnus and current member of the College’s board of trustees, and his wife, Mercidees McTeer. Victor McTeer, a native of Baltimore and one of the College’s first African-American graduates, attended McDaniel (formerly Western Maryland) College on full scholarship.