In support of the mission of the organization and its certification and training programs, the CSLA Board of Standards is committed to informing the public, specifically student loan borrowers, of the importance of using qualified professionals to advise about their student loan repayment plans.
Unfortunately, there is are numerous organizations focused on student loan borrowers offering quick fix help usually in the form of expensive consolidations. Borrowers should be aware that the consolidation process is essentially free and can be completed online in a few minutes. But often, creating the smartest repayment strategy requires more thoughtfulness than a quick consolidation.
Seek qualified, knowledgeable resources
Consumers repaying student loans should see to work with qualified financial professionals who can demonstrate advanced knowledge of the complexities of student loan repayment. These professionals will make recommendations only after a thorough analysis of a client’s complete financial picture.
Knowledge of student loan programs AND personal financial counseling is critical. One option is to look for advisors who have the CSLP designation (Certified Student Loan Professional). These individuals are typically providing advising services as part of their daily business activities such as financial planning, tax advice, investment services, etc.
Using a CSLP can provide an additional measure of safety that the advice provided is based on the providing having demonstrated advanced knowledge about student loan advising along with experience in personal financial services. The CSLP will have completed a rigorous curriculum of coursework, have years of experience as a financial professional, and has made a committment to a high set of ethical standards in their practice. You can find certified individuals on this site. Find A CSLP