The CSLP training program is one of the best that I’ve seen. As someone who has taken and passed the CFP, CLU, and ChFC exams, I am a firm believer in being well-trained to provide your clients with the right advice. The CSLP program is practical, interesting, and prepares participants for tackling one of the greatest concerns that today’s client has–what to do about those student loans.
I just completed CSLA’s Certified Student Loan Professional course. I am a CPA and CERTIFIED FINANCIAL PLANNER, but I did not have the knowledge to properly advise my clients with significant student loan debt. This course provided a great deal of valuable content including the various repayment plans, loan forgiveness programs, and tax issues that have helped me to properly address my client’s concerns. I feel that anyone advising clients with significant student loan debt should take this course.
The CSLP courses give us tools and in-depth education to provide clear and objective solutions to borrowers. Mastering this information gives us a competitive edge in a very competitive market. More importantly, this skill set empowers us to do good. Our purpose as financial advisors is to help our clients get to where they want to be. We simply cannot do that without helping them to tackle their biggest concern – their student loan debt.
The CSLP curriculum has given our clients and me the confidence and certainty to build student loan repayment strategies, investment strategies, insurance strategies, and retirement planning strategies.
With the student material, the exam, resources, technologies, software, and support of the CSLA material and team, I feel confident that I will be a major resource to clients struggling with student loan debt. It is crazy to look back on the clients I was advising prior to this designation and recognizing how my investment and insurance recommendations actually impacted their loan repayment without me even knowing at the time!
Until I enrolled in the CSLP program, I did not possess the ability to educate and advise them on this topic. Now that I have completed the CSLP course and certification exam, I have the specialized knowledge required to help student loan borrowers choose the best repayment option for them. Perhaps more importantly, I now understand how the various repayment options fit into more comprehensive financial plans. I believe this skillset gives me a huge advantage over most of my peers when it comes to attracting the next generation of financial planning clients. I was impressed with the quality of the content. In particular, the case studies were incredibly useful. There is so much information to digest, but the case studies helped me piece everything together. Overall, I am very pleased with my decision to enroll in the CSLP course and earn the designation.
Each case is an illustration of the type of client you may expect. For example: a married couple, both with multiple loans; a business owner with loans; a young professional with seeking an MBA and more debt; a couple working in healthcare, both with loans.
When is consolidation appropriate – or needed to accomplish a specific goal? What are the impacts of consolidation and how can it affect future repayment costs? Avoiding consolidation mills.
Multiple forms of IBR have evolved over the past ten years. Understanding the details and impacts of each program. New versions such as PAYE and REPAYE may or may not be a good choice for clients. Learn why.
For many, student debt prevents a home purchase or refinance. We’ve added a module that explains what CFP and Tax advisors should know to help borrowers achieve homeownership and make it affordable.
There is a substantial difference in these loan programs. Many advertisements suggest that private refinancing is a good option. Know the differences and impacts on a client’s loans. Private financing may have lower interest costs for some borrowers but important Federal benefits may be worth the higher cost.
An outline of how to get started using a structured approach to fact-finding and client advising. Many data points need to be evaluated in conjunction with an understanding of the different loan programs. Some clients may have older repayment plans that are not currently offered but active.
There are multiple approaches to forgiven student debt. A review of the automatic forgiveness provisions, public service options and the conditions of each.
A review of the variety of loan deferment options and what constitutes a financial hardship. Identification of the associated rules and costs.
There are some cases where loans may be discharged.
Our goal is to improve the lives of consumers with student debt by helping them create holistic financial plans that encompass smarter ways to repay their loans. We achieve this by providing advanced student loan education programs to financial planners and advisors.
There is a growing demand for financial advisors to help clients who have student loans or for parents who are co-borrowers. It is unwise to consider student loans as just another debt. Clients with loans need comprehensive financial advice about how their loans integrate with their overall financial picture.
The market for professional student loan advising is substantial and underserved.
If you provide any type of financial service, it is important to understand the impact of student loans on your client. These clients face many options which can be complex and with significant financial risk. Providing accurate advice that is specifically relevant to your client is essential and ethically necessary.
We help advisors, help clients obtain smarter repayment plans.
Receive an overview of the CSLP designation program for financial services professionals.