Definition from Technopedia.com:
A password manager is a software application that is used to store and manage the passwords that a user has for various online accounts and security features. Password managers store the passwords in an encrypted format and provide secure access to all the password information with the help of a single primary password.
Note: password managers built-in to your browser, while convenient, are frequently hacked and often not configured securely. These are not allowed by UI policy APM 30.15. B-1 g.
Many of the top password managers have free versions, however, to use advanced features such as syncing between devices and platforms you must pay for a subscription. Some of the top rated password managers are:
Passwords for university systems are considered "high risk" data under APM 30.11, and when implemented on the web (as opposed to just a locally installed application), must be protected with Multi Factor Authentication (MFA). If you subscribe to a password manager service for use with university passwords and applications, it must be associated with your U of I email address and not a personal account, per APM 30.10 B-2 e.