Published by Finology Software · A platform update for financial advisors
The federal rules changed on July 1 — the Repayment Assistance Plan (RAP) is the default income-driven plan, and SAVE, PAYE, and ICR are winding down. The advisors who can sit down and model a client’s options clearly are the ones earning the relationships. Here’s where the platform stands today, starting with a significant upgrade to how your whole team works together.
New: unlimited team sharing, with two-way sync
Until now, you could share a client with an assistant — and only in one direction, as data handed off. That’s changed.
You can now share clients across your entire team, with no limit on how many people, and full bilateral syncing. When anyone with access updates a client’s loans, scenarios, or inputs, those changes sync both ways, in real time, for everyone on the team. No more exporting, emailing versions back and forth, or rekeying the same data twice.
In practice: an associate can build out a client’s scenarios, the lead advisor can refine them, and an assistant can pull the final report — all working from the same live file, all seeing the same numbers. For multi-advisor firms, it turns Finology Software from a single-seat tool into a true team workspace.
RAP, modeled alongside every other plan
Finology Software models RAP next to IBR and PSLF on both monthly payment and lifetime cost. Run a client’s numbers and see exactly how the new default plan affects them — and where another path might cost them less over the life of the loan.
Because RAP is based on adjusted gross income with no poverty-line offset, the result often surprises borrowers who were used to SAVE. Seeing every plan compared on one screen turns a confusing transition into a clear, defensible recommendation — which, with SAVE/PAYE/ICR winding down, is the conversation every advisor needs to have right now.
Direct NSLDS import — no manual entry
Pull a client’s complete federal loan picture straight from the National Student Loan Data System (NSLDS). No retyping balances, no transcription errors, no lost hour before the planning even starts.
Upload the file and you’re modeling in minutes. That speed matters more than it sounds: it means you can run a real scenario live in a client meeting, while the question is in front of you, instead of promising to “follow up with the numbers” and losing the momentum.
Whole-household and filing-status modeling
RAP makes the married-filing-jointly vs. married-filing-separately decision a real planning lever again, because filing status changes the AGI the plan looks at — and therefore the payment.
Finology Software models multiple borrowers, filing status, and AGI across the whole household. So you can quantify that decision and show a couple, in actual dollars, what filing separately would do to their monthly payment — instead of guessing, or sending them to their CPA without an answer.
Audit-ready, branded client reports
Every analysis exports as a branded, audit-ready report you can hand to the client and keep in the file. It’s the deliverable that turns a conversation into a documented recommendation: a clear record of the advice you gave and why. For a lot of advisors, it’s also the thing that wins the engagement in the first place.
Maintained to stay current
Federal rules will keep moving — borrowing caps, plan transitions, new guidance. Finology Software is maintained to reflect the current rules, so you’re not rebuilding your own spreadsheet every time Washington changes something. That’s the difference between a tool you trust in front of a client and one you have to double-check.
Why it matters now
Millions of borrowers are about to turn to their advisor for clear guidance, and the firms that are ready are the ones that will earn those relationships. As one advisor recently put it in a review of Finology Software:
“Student loan planning is one of the best front doors to winning new clients — and those clients go on to engage the firm for more services.”
The tool is ready, and now your whole team can work in it together. The question is whether your practice is set up to take advantage of the moment.
See it on one of your real client cases — start a free 7-day trial at finology.tech, or grab 10 minutes with us for a live walkthrough.
