![Parent PLUS Loan Dilemma](https://sp-ao.shortpixel.ai/client/to_webp,q_lossless,ret_img,w_300,h_200/https://www.payfored.com/wp-content/uploads/2024/07/shutterstock_1725545842-300x200.jpg)
Parents Paying for College New Dilemma
Many parents of college-bound students are facing college tuition payments and student loan decisions in the coming months. This year’s process will see significant changes
Providing Student Loan and Repayment Answers
LoginBoth 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.
Course Description | Cslp designation | SLRA Designation |
---|---|---|
# of CFP Approved CEs | 12.5 CEs | 13.0 CEs |
Program Cost | $1,495 | $995 |
Hours to Complete Program | Over 40 hours | 13 - 15 Hours |
Boot Camp Training Option | No | Yes |
Add College Funding Training Designation | No | Yes |
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 Features | Cslp designation | SLRA Designation |
---|---|---|
Pricing Method | $3/per client per month | Fixed Cost |
Maximum Cost per Month | $100 | $30 |
Importing Federal Student Loan Data | Yes | Yes |
View of All Repayment Options | Yes | Yes |
Projections of Tax & Forgiveness Amount | Yes | Yes |
Help & Coaching Videos | No | Yes |
Couples Tax Analysis & Repayment Options | No | Yes |
Company Student Loan Assistance Platform | No | Yes |
College Funding & Graduate School Solutions | No | Yes |
Only $995.00 – Earn 13+ CFP CEs
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.
Complete the form below and we’ll be in touch soon.
Many parents of college-bound students are facing college tuition payments and student loan decisions in the coming months. This year’s process will see significant changes
With the first tuition bill payment due, many parents are trying to decide how to fund their child’s education. Should they use a Direct Federal Parent
Today, many more careers require advanced educational degrees. Paying for graduate school is becoming more of a norm for students. The fear of this additional
For students and parents, the bill for college tuition may have arrived or will be arriving shortly. Before paying the tuition bill, you must review the
Every year, while in college, students make student loan decisions that will affect their financial future. They are part of the 20 million people paying
On Monday, 6/24/24, two different federal judges halted the second rollout phase of the SAVE repayment method. The second phase was to be implemented on