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CSLP Program

Jantz Hoffman
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The CSLP program provides financial advisors important knowledge about complexities of managing student loan repayments within the context of financial planning.

Here is the course outline:

1. Course Introduction

This module provides an overview of the course, the learning objectives, topics covered, and organization of the material. It also includes a presentation on the key features of the Learning Management System.

2. The Student Debt Problem

This module provides the foundation of why it is important to have the CSLP program by identifying the scope of the student loan problem. Student loan issues are pervasive in our economy with over 45 million borrowers in repayment. This module will be useful as you market your practice and CSLP to the public by outlining the problems affecting consumers. Financial advisors will be prepared to speak accurately and thoroughly about why individuals with student loans need the assistance of professional financial advisors with advanced knowledge of student loan programs and repayment scenarios.

3. The Advising Process

This module provides an overview of the major steps in a client consultation including data collection, goal identification, analysis and presentation. It will cover how to assess the client situation and make recommendations based on knowledge of the rules associated with repayment plans. This module works in conjunction with the case studies found later in the program.

4. Federal Student Loans: Types and Terms

This module identifies and discusses the present and formerly available Federal Student Loan programs. It covers key areas of each that are typically the most relevant to clients with pre-existing loans and their future trajectory.

5. Managing the NSLDS

This module illustrates the process of retrieving the latest client data from the NSLDS.

6. Private Student Loans

This module will address the terms and features of private student loans. It will present a framework for developing recommendations for clients who have private loans including evaluating refinance options, considerations when thinking about refinancing, minimizing overall costs, understanding default triggers, and releasing cosigners.

7. Student Loan Defaults

This lesson provides an overview of how student loan default works, its effects, and the strategies for curing default. It explains the procedures and differences between federal and private defaults; how to deal with collections; the rehabilitation process; and consolidation options.

8. Bankruptcy and Student Loans

This module summarizes the treatment of student loans within bankruptcy proceedings. It identifies the process, qualification, and tax considerations of loan discharge.

9. Student Loan Discharge

This module sets for the rules and processes for discharging student loans.

10. Federal Loan Repayment Plans

This lesson explains the traditional repayment plans for federal student loans. It covers the various repayment options including standard, graduated, extended, and how to calculate monthly payments under each plan.

11. Deferment and Forbearance

This module will identify the available options for postponing payments based on hardship conditions. This applies to federal student loans. It addresses the distinction between deferrals and forbearance as well as alternatives to postponing repayment.

12. Direct Loan Consolidations

This module covers the mechanics of consolidation and the reasons why a client should or should not consider consolidation. Also, it discusses private loan consolidation and the risks and implications.

13. Introduction to Income Driven Repayment Plans

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.

14. "Old" Income Based Repayment Plan

This lesson covers the features and eligibility requirements of the "Old" Income-based repayment plan, as well as relevant procedural considerations.

15. "New" Income Based Repayment Plan

This lesson covers the features and eligibility requirements of the "New" Income-based repayment plan, as well as relevant procedural considerations.

16. PAYE

Pay As You Earn Income Based Repayment Plan


Revised Pay As You Earn Program

18. Income Contingent Repayment

A review of the Income Contingent Repayment plan

19. Interest and Payment Crediting

This module covers how interest and principle are credited to student loan payments depending on the selected program.

20. Income Documentation, IDR Enrollment and Forms

This lesson covers the importance of regular income documentation and updates to their loan servicer. This applies to people who are in Income Based Repayment Plans.

21. Calculating Payments for Income-Driven Plans

This module breaks down 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.

22. IDR Both Spouses with Loans

This module discusses the complex nature of advising married clients who both have student. It addresses the common errors made with repayment planning, tax filing, and payment calculation.

23. Tax Implications of IDR Plans - Part 1

This module highlights the intersection of taxes and student loans including which loan repayment assistance programs provide taxable benefits as well as how tax planning and preparation influence income-driven repayment and forgiveness. This is part one in a 2-part lecture on taxes and student loans

24. Taxes and Income Based Repayment Plans - Part 2

This is a continuation of the preceding presentation on tax implications of Income Based Repayment plans.

25. Public Service Loan Forgiveness

This module sets out the requirements for Public Service Loan Forgiveness including eligible loans, qualifying employment, and procedural considerations.

26. Annual Income Documentation Requirement for IBR Plans

This module covers the process of documenting income for clients in IDR plans, sets out procedural and servicing challenges, and offers guidance for navigating the process.

27. Double Consolidation for Parent PLUS Loans

Parent PLUS loans are subject to different rules than most federal student loans. Learn how to help parent borrowers access Income-Driven Repayment and forgiveness options.

28. Income driven repayment plans 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. It addresses how student loan repayment decisions must be reviewed in light of retirement, business planning, disability, home purchase, treatment of retained earnings and other topics.

29. Home Ownership Considerations

A review of the impact of student loans to home purchases and mortgages.

30. The Advisor and Loan Servicers

This module describes the companies assigned to administer loan programs, the typical challenges of working with these companies, and how to best protect your client's interests. It also addresses how to work with the client's loan servicer and the common problems that occur.

31. Case Study Introduction

This presentation explains the structure of the case studies and their importance in learning an effective advising process.

32. Case Study - Sarah

Sarah is single, 25 and a new veterinarian earning 85k/year. Her student debt is approximately 200k. She, like many new early career professionals, needs a strategy to repay the loans and manage monthly expenses. She anticipates about 3% annual income growth and an income cap of 150k at peak earning. What is her best repayment strategy?

33. Case Study - Jackson

Jackson is a married school teacher with a family income of approximately 100k/yr. He is in a graduated loan repayment plan. His concerns are the restrictions this debt has on his family's future. Does he qualify for public service loan forgiveness? Is there a better repayment plan available that will provide cash flow relief?

34. Case Study - Jimmy

Jimmy is single with an MBA earning about 55k/year. He expects to make around 100k a year in the future but his loans (120k) are holding back the potential for a family. What are his options?

35. Case Study - Lin

Lin is a nurse earning approximately 63k/year and over 1k/month dedicated to loan repayment. She has a mix of loan types include a high interest private loan. What are her best options to reduce the monthly cash flow pressure?

36. Case Study - Dan

Dan is 55 and married with three adult children. He has a family income of approximately 170k. He has loans of 250k and would like to retire in less than 10 years. What strategies would work best for him to help achieve his goals?

37. Case Study - Jose and Sophia

Both Jose and Sophia have student loans. This case illustrates the complexities when advising a married couple with loans. Additionally, both work in healthcare with high earning potential.

38. Teacher Student Debt Management (optional)

How financial advisors can work with teachers to create optimal repayment plans, address student loan forgiveness, and other options such as employee benefit programs.

39. Advising the Medical Professional (optional)

MD's have unique challenges in repaying student loans. This presentation will provide insights on approaches to working with clients who are physicians repaying student debt.

40. CSLP Certification Exam Registration

This lecture will prepare you for taking the final exam. Upon completion of exam registration, you will receive a notification for enrollment in the exam and the on boarding exam which is hosted on a site for remote proctoring. Please review the information in this section to learn more. NOTE: You will receive exam instructions within 2-3 business days of registration.

41. Recertification (Only if you have already passed the CSLP and it is expiring)

Your CSLP designation is good for 1 year. You must re-certify each year by taking a short, open book exam containing new material and changes over the prior year. You will be notified approximately 90 days in advance of your recertification date.

42. Recertification Exam (19-20)

This is the annual recertification exam.

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