CSLP Program
CSLP 100 Student loan repayment planning

Introduction to Student Loan Repayment

$450

The Introduction to Student Loan Repayment course provides the financial advisor essential, foundational information on the variety and history of loan  repayment programs, the elements of financial aid, past and present, and the rules for various plan participation. This course covers the full range of programs available to the student loan borrower and is the starting point to help a financial advisor conduct a thorough client analysis of their existing situation. The course also includes information on past plans that may be active with a large number of consumers and what advisors should be aware of when encountering these plans.

SKU: CSLP 100 Category:

CSLP 100 – Course Material Highlights

  • The impact of debt and borrowing on education creating the current problems facing all today
  • Analysis of the cost of student loan borrowing on consumers and educational institutions
  • Critical differences between student loan debt and conventional consumer debt such as credit cards, mortgages, etc.
  • Federal repayment plans, participation rules, mechanics, interest, and terms
  • Income based repayment plans and how they differ from traditional time based programs
  • Public service loan forgiveness programs, qualifying rules, processing forms, and issues to avoid
  • Federal Direct Student loan consolidations and public/private refinancing
  • Applying for student loan consolations – risks and rewards. Caution.
  • Properly estimating repayment for various programs using the repayment estimator tool
  • Income driven repayment programs for individuals and the differences for married couples
  • Enrollment process for income driven repayment plans. Walk through of the IDR form
  • Avoiding consolidation “mills’ who are companies than only pitch consolidation as a problem solver

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Episode 1

Guests

Jantz Hoffman & Heather Jarvis

Jantz and Heather are Board Members and Instructors with the CSLA Board of Standards.

Topics Covered

  • How Jantz and Heather became expert student loan advisors
  • 1 in 4 households have student loan debt
  • Why are professional financial advisors needed to help consumers with student loan repayment plans and decisions?
  • The key elements of the CSLP Program
  • About the CSLP Program Exam
  • How long to completes the CSLP Program?
  • Why financial advisors face potential personal liability due to inaccurate or incomplete advice to their clients who have student loans
  • Available CE credits for CPA and CFP. (23+)
  • Why consumers should avoid debt relief and consolidation companies
  • Why every financial professional should take this course and certify
  • The client aging-out effect for financial advisors
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