PLANO, Texas - Aug. 23, 2018 - PRLog -- The CSLA Board of Standards recently announced a new version of the CSLP® (Certified Student Loan Professional) advisor training program for CFP, CPA, and other financial advisors. The online program establishes a mechanism to address the demand for financial service professionals who can advise student loan holders on optimal repayment strategies situated inside of a comprehensive financial plan.
Student loan borrowers are often challenged to meet the standard ten-year loan repayment term and seek lower payments through an Income-Driven repayment plan. Unfortunately, choosing the program most appropriate to an individual or couple's financial situation can be confusing. A poor choice or failure to make subsequent changes in future years could add unnecessary costs to their loans.
The goal of the new CSLP® program is to offer an ongoing resource for financial advisors to provide the knowledge necessary for delivering the best possible advice on how clients manage student loan repayment.
The course provides a broad base of information on the variety of repayment plans for all types of income situations, their risks, rewards, rules, and other considerations a client and their advisor should be aware of.
The program includes details on the advising process and methods to evaluate client scenarios, make recommendations and calculate long-term financial impacts of options. A variety of case studies address the different client scenarios that can present complex challenges in choosing the best strategy for the borrower. Consumers such as business owners, couples with loans, singles, and early career professionals have different needs and considerations in the approach to repayment. Retirement planning decisions may also impact repayment approaches. Today, many parents are repaying their children's college education through Parent Plus loans. All of these scenarios represent key factors in a borrower's financial life that the advisor should be able to understand and explain.
The CSLP® program contains over 36 lesson modules and is available on an annual subscription basis which includes access to all content updates. It is delivered online through a learning management system that includes a resource library of material designed to support the advising process and business development. Participants move through the course with periodic knowledge checks to support and validate the learning process. Instructors are available within the learning system for support.
Program participants may complete a comprehensive examination to obtain the Certified Student Loan Professional (CSLP®) designation.
Visit cslainstitute.org to learn more about the CSLP® program.
The Certified Student Loan Advisors Board of Standards (CSLA Board) is a not-for-profit organization recognized as a 501(c)(3) charitable organization by the Internal Revenue Service.
The CSLA Board of Standard's mission is to serve the public interest by reducing the long-term financial effects of student debt through the education of professional financial advisors.
Contact
Jantz Hoffman, CEO
www.cslainstitute.org
***@cslainstitute.org
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