Courtney's Corner- Student Loan Repayment

Courtney's Corner- Student Loan Repayment

January 07, 2020

As almost half of American millennials know, the burden of student loan debt can be a daunting cloud over your financial life. Carrying this debt has an impact on major life decisions such as when to have kids or whether to buy a home. How do you know which repayment plan is right for you? What is your situation going to look like in 10 years?

The CSLA Institute has set out to help add some clarity to these questions and fears through an increasingly popular designation in the financial planning world, the Certified Student Loan Professional (CSLP®). It's a sad testament to the cost of an education that there is now a well-regarded designation for student loan repayment strategies, but here we are. I've done my part and recently attained the certification and am excited to offer student loan repayment services to our current retainer clients as well as short term project clients.

This program gives advisors the education and tools necessary to consider and analyze all of the factors that go into choosing the optimal student loan repayment plan for each borrower’s unique situation. Things like current and future income, family size, loan amount, loan type, tax filing status, and a host of other considerations that could either save or cost a borrower tens of thousands of dollars in the long run.

We can provide you with an in-depth analysis of which repayment plan is right for you (even if you’ve already chosen one) and help make sure that your student loan picture fits in with the rest of your financial puzzle. If you are interested in finding out more about how we can help you with student loans, feel free to schedule a phone call with me using our scheduling tool: