How to Decide Whether to Advise a Borrower to Change Repayment Plans

How to Decide Whether to Advise a Borrower to Change Repayment Plans

When clients wish to change their repayment plan, consider these steps to inform and educate the borrower about the affect on their finances.  For federal student loans, answer this question by...
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Potential Advisor Liability For These Errors

Potential Advisor Liability For These Errors

We assume the recommendations given by financial advisors is accurate, ethical and responsible. In this post, we discuss areas where advisors may be providing damaging recommendations to clients with...
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5 Student Loan Answers Financial Advisors Must Know

5 Student Loan Answers Financial Advisors Must Know

If I’ve said it once, I’ve said it a hundred times, “The answer to every student loan question is ‘it depends’”. Even so, financial advisors need ready answers for these most frequently asked student...
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What makes a financial advisor successful?

What makes a financial advisor successful?

There are many qualities that make a successful financial advisor: time management, marketability, knowledge and experience, sustainability and niche marketing. Perhaps the one that tops it all is...
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A student loan advising story

A student loan advising story

Decision points in a financial practice It’s Thursday evening, 6:30 PM and you are awaiting the arrival of two prospective clients, an engaged couple Josh and Cynthia (fictitious names). Josh is a...
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Pros Need Student Loan Training

Pros Need Student Loan Training

As college graduates move into their careers, they usually go through a process of aligning with various professionals such as physicians, attorneys, accountants, insurance agents, investment...
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