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Exams and Continuing Education

THE CSLP EXAM

The CSLP certification examination is designed to assess your knowledge and ability to advise clients on student loan repayment planning.  A passing grade demonstrates to the public that you are competent to provide advice and planning services about student loan repayment within the context of a client’s personal financial goals.

The CSLP exam is a rigorous, comprehensive test of the participant’s knowledge of student loan programs and how to advise clients about the ongoing management of their loans.

The exam is based on all of the course content and includes case studies exemplifying common scenarios a financial advisor may encounter. The exam will present a series of questions based on case information that includes loan amounts, interest rates, loan types, family size, and location.

Process

The CSLP™ Exam is a 2 hour online, remotely proctored multiple choice test. It is strongly recommended that you complete the entire CSLP course before registering for the exam. When you have completed the course material or at 6 months after your purchase, you will receive a notification to take register for the exam.  The exam fee is included in the initial course fee.

After registration, you will receive exam instructions within 2 business days.

Participants must pass the exam with a minimum score of 70% within the 2-hour time limit. Results will be provided via email within 2-3 business days. In the event a participant needs to retake the exam a $150 fee will apply. Retakes may occur after a 7-day waiting period.

Course & CSLP Designation Renewals

CSLPs renew their certification annually by completing a shorter, non-proctored exam, and paying the annual $225 fee (subject to change).  Renewal entitles you to use of the CSLP mark, access to all course content and updates, participation in the public directory, and other benefits. Failure to renew will result in the expiration of your CSLP and a reinstatement fee of $200. If you fail to reinstate beyond 60 days, a fee equal to 40% of the currently published course price will apply.

Continuing Education Credits

Completion of the CSLP Course and Exam entitles you to up to 13 CFP CE Credits.

Note that prior to 2020 this was optional.

You will receive your exam results along with information on how to complete the CE application, credits from HSU, and directory registration.

Timing of Initial Certification

Program participants should prepare to complete the CSLP exam within 6 months of entering the program. This should be easily achievable in less time. Most participants complete the program and exam with 1-2 months.

After passinig the exam, the CSLP designation is granted for the following 12 months. Renewal notifications will be sent approximately 60 days prior to expiration.

Maintaining the CSLP Designation

The CSLP designation denotes specialized knowledge of student loans within the context of financial and tax planning.   In order to ensure all CSLPs are competent, the Board requires designees to take an annual knowledge assessment.  To maintain eligibility as a CSLP, all CSLP designees will be required to:

  1. Complete all educational lessons that have been released or amended by the Board since the designee completed their course study.
  2. Take and pass an Annual Recertification Exam (minimum 70% correct answers).
NAPFA
CFP