Selecting the Best Student Loan Repayment Training

CSLP Designation vs SLRA Designation

Selecting The Best Student Loan Repayment & Forgiveness
Training Based on Your Objectives

Both the CSLP and SLRA designations are FINRA listed and earn the advisor CFP CEs.  Each designation has its own software platform.  The biggest difference is the learning approach each program takes.  The CSLP is designed as a college course that requires over 40 hours of learning, while the SLRA designation is designed for experienced financial professionals requiring only about 15 hours of training.

CSLP vs SLRA Basic Program Differences

Course DescriptionCslp designationSLRA Designation
# of CFP Approved CEs12.5 CEs13.0 CEs
Program Cost$1,495$995
Hours to Complete ProgramOver 40 hours13 - 15 Hours
Boot Camp Training OptionNoYes
Add College Funding Training DesignationNoYes
Student Loan Repayment and Forgiveness Training Success

Both Designation Programs offer Similar Learning Content

The types of loans and timing of the loans will determine the borrowers repayment and forgiveness options

There are four traditional fixed loan repayment methods and five Income-Driven Repayment (IDR) Methods.  Both courses cover these in detail.

There are two federal types of student loan forgiveness. Public Service Loan Forgiveness (PSLF) and End of Term Forgiveness.  Both methods require different planning strategies, use of an IDR method and have different tax exposures.

The IRS data integration requires additional tax planning for both individuals and businesses.

Software Program Comparison

Software FeaturesCslp designationSLRA Designation
Pricing Method$3/per client per monthFixed Cost
Maximum Cost per Month$100$30
Importing Federal Student Loan DataYesYes
View of All Repayment OptionsYesYes
Projections of Tax & Forgiveness AmountYesYes
Help & Coaching VideosNoYes
Couples Tax Analysis & Repayment OptionsNoYes
Company Student Loan Assistance PlatformNoYes
College Funding & Graduate School SolutionsNoYes

We Believe In a Comprehensive Approach to the Student Debt Crisis

PayForED's Comprehensive Approach to Student Debt

Become A SLRA Advisor and Provide Student Loan Repayment & Forgiveness Answers

Only $995.00 – Earn 13+ CFP CEs

Other Requirements to be a Student Loan Repayment Advisor (SLRA)

  • Two years of industry experience in financial services OR a Bachelor’s degree from an accredited college or university

  • Hold a license and/or registration in a regulated financial services industry (brokerage, investment adviser services, insurance, CPA, EA) and in good standing based on PayForED’s review.

  • Earn 10 CE credits every two years on financial-related topics – student loan repayment, college funding, personal finance and taxes after the first year.

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