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Account adjuster vs student loan collector

The differences between account adjusters and student loan collectors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-12 months to become both an account adjuster and a student loan collector. Additionally, an account adjuster has an average salary of $40,969, which is higher than the $35,477 average annual salary of a student loan collector.

The top three skills for an account adjuster include customer service, patient accounts and delinquent accounts. The most important skills for a student loan collector are student loan accounts, customer service, and delinquent accounts.

Account adjuster vs student loan collector overview

Account AdjusterStudent Loan Collector
Yearly salary$40,969$35,477
Hourly rate$19.70$17.06
Growth rate-8%-8%
Number of jobs61,76625,976
Job satisfaction--
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 42%
Average age4646
Years of experience1212

Account adjuster vs student loan collector salary

Account adjusters and student loan collectors have different pay scales, as shown below.

Account AdjusterStudent Loan Collector
Average salary$40,969$35,477
Salary rangeBetween $24,000 And $68,000Between $26,000 And $47,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between account adjuster and student loan collector education

There are a few differences between an account adjuster and a student loan collector in terms of educational background:

Account AdjusterStudent Loan Collector
Most common degreeBachelor's Degree, 49%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common college--

Account adjuster vs student loan collector demographics

Here are the differences between account adjusters' and student loan collectors' demographics:

Account AdjusterStudent Loan Collector
Average age4646
Gender ratioMale, 38.9% Female, 61.1%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 11.8% Unknown, 4.1% Hispanic or Latino, 19.3% Asian, 4.1% White, 60.2% American Indian and Alaska Native, 0.5%Black or African American, 11.8% Unknown, 4.0% Hispanic or Latino, 18.4% Asian, 3.6% White, 61.7% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between account adjuster and student loan collector duties and responsibilities

Account adjuster example responsibilities.

  • Manage and maintain an internal database system to generate reports and produce accurate account information for patients and insurance companies.
  • Provide assistance regards to trouble shooting, account status, miss invoice and account reconciliation.
  • Resolve all invoice and sales order processing issues that relate in amounts due to/from all customers.
  • Determine presumptive Medicare and/or Medicaid eligibility.
  • Used ACCURINT software to maintain and update files.
  • Search Lexus/Nexus Accurint database to locate customer.
  • Show more

Student loan collector example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Provide effective and timely resolution whilst strictly adhering to the FDCPA regulations and policies.
  • Supervise a group of 12 collectors and ensuring that FDCPA rules and regulations are followed.
  • Maintain existing customer base by building strong relationships that includes contract negotiation and customer issue resolution.
  • Research patient account information and make contact with insurance carriers to determine patient eligibility for Medicare benefits.
  • Secure modification documents including HAMP and bank require documents.

Account adjuster vs student loan collector skills

Common account adjuster skills
  • Customer Service, 16%
  • Patient Accounts, 13%
  • Delinquent Accounts, 9%
  • Payment Arrangements, 8%
  • Inbound Calls, 6%
  • Credit Reports, 6%
Common student loan collector skills
  • Student Loan Accounts, 16%
  • Customer Service, 9%
  • Delinquent Accounts, 7%
  • FDCPA, 5%
  • State Laws, 4%
  • Payment Arrangements, 4%

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