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Course Topics

New Income Based Repayment Plan

The 'New" Income Based Repayment plan is a revision to the IBR plan. This module covers the associated rules for New IBR including qualification, costs, interest rules, etc.
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Pay As You Earn Program

The Pay As You Earn (PAYE) program is one of the latest income-driven repayment plans for student loan borrowers. This module covers how payments are calculated, and interest is applied. This module helps advisors determine suitability for clients.
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Revised Pay As You Earn Program

This module covers REPAYE which is a modification of the PAYE program. Changes were made in 2014 to provide additional relief to student borrowers. Changes included a new definition of income, additional interest subsidies, alterations to the maximum repayment term, and removal of the partial financial hardship qualification.
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Income Based Repayment

This module provides a framework for understanding and comparing Income-Driven Repayment plans. It will detail the features and eligibility requirements of each IDR plan, as well as relevant procedural considerations.
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Income Contingent Repayment Plan

This module explains the Income Contingent Repayment (ICR) plan, its origins, functions, guidelines, and how it may help clients in selected circumstances. The program was first available in 1994 and the basis for Income-Driven repayment plans which have been subsequently modified numerous times since then.
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Federal Student Loans (Types & Terms)

This module identifies and explains all of the present and formerly available Federal loan programs. It will address key areas that may also be relevant to clients with pre-existing loans and their future trajectory.  
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Interest and Payment Crediting

This module covers how to accurately calculate the interest and payment of student loans on income-based repayment plans. It's an issue that can be confusing because of variables such as marital status, unpaid interest, and the payment hierarchy for multiple loans.
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A Framework for Advising

This module provides an overview of the major elements associated with conducting a client consultation, analysis and presentation
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Income Documentation, IDR Enrollment

This module covers documenting income for clients in IDR plans, sets out procedural and servicing challenges, and offers guidance for navigating the process.  It also discusses the importance of annual income documentation and annual review of repayment plan selection.
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The Student Debt Problem

This lesson provides an overview of the student debt problem and how it has evolved over the last decade. This content is useful in general presentations to a broad market about the importance of professional help.
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Calculating Payments on IBR

This module unpacks the process for determining payment amounts under each Income-Driven plan and according to a borrower's marital status and income. Case examples illustrate how payments are calculated and applied. 
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Using the NSLDS

How to retrieve student loan data from the National Student Loan Data System. Understanding the features of the system including downloading data. Instructions for advisors and their clients.
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Married Borrowers in IDR Plans

This module provides an overview of advising when clients are married and both spouses have student loans. It helps the advisor identify the complex nature of advising married clients that both have student loans, with regards to tax filing status, repayment plans, and payment calculations.
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Private Student Loans

This module addresses the positive and negative aspects of private student loans. It helps advisors provide critical decision making information for borrowers when considering refinancing.
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Tax Implications of IDR Plans

This module highlights the intersection of tax benefits and student loans covering the process of planning for potential consequences of loan forgiveness. It offers tax considerations associated with IDR programs and loan forgiveness.
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Student Loan Defaults

This module provides details on student loan default, its effects on a student borrower, and strategies for curing a default. The module also addresses the differences between federal and private loan default triggers and collection processes.
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Public Service Loan Forgiveness

This module sets out the requirements for Public Service Loan Forgiveness including eligible loans, qualifying employment, and procedural considerations. Failure to fully comply at any time during the ten-year period can restart the clock and set back a borrower for months or years.
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Bankruptcy and Student Loans

This module of the CSLP program introduces the fundamentals of statutory federal student loan discharge provisions including Closed-School, False-Certification, and Unpaid-Refund Discharges, Disability Discharge and Discharge Based on Death.
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Annual Income Documentation

This module identifies and explains the requirement to annually document income when borrowers are in Income-Driven repayment plans. It covers the specific requirements and results for failure to submit this information in a timely manner.
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Discharging Student Loans

This module covers the limited number of situations where student loans may be discharged such as a closed school, death or other conditions.
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Double Consolidation

This module covers the concept of 'double consolidation' of Parent PLUS student loans and discusses the 'double consolidation' process. Eligibility, limitations, considerations, and problems are covered in depth.
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Federal Loan Repayment Plans

Review of the federal student loan repayment plans including standard, extended, and graduated payment programs.
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Income Driven Repayment and the Planning Process

This module provides a structure for integrating student loan management within a holistic financial plan including retirement, insurance, and business ownership considerations. See how student loan repayment can be positively affected by financial planning.
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Student loan deferment and forbearance

This CSLP Program module identifies the available options for postponing payments on federal student loans including the distinction between deferrals and forbearance as well as alternatives to postponing repayment.
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Student Loans and Mortgages

This module will cover the impact of student loans on the mortgage market and how potential homeowners may qualify when in Income-Driven Repayment plans. 
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Direct loan consolidations

Understand how to determine the suitability of loan consolidation for clients. Determine cost and interest rate based on client situation. Assess client eligibility.
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The Advisor and Loan Servicers

This module discusses the challenges associated with student loan servicing companies. These organizations are assigned to administer loan programs and work with borrowers. The module identifies the challenges of working with these companies, and how to best protect your client's interests. Many of the common issues related to borrowers who are in an income-driven repayment plan.
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Old Income driven repayment plan

This module covers the 'old' income-based repayment plan, its relevancy, eligibility, and the process for converting selected loans using consolidation.
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Case Studies

The Case Study section of the CSLP course gives the financial advisor a holistic view of the advising process where student loans and long-term financial goals are integrated.
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