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Bill collector vs student loan collector

The differences between bill collectors 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 a bill collector and a student loan collector. Additionally, a bill collector has an average salary of $35,585, which is higher than the $35,477 average annual salary of a student loan collector.

The top three skills for a bill collector include patients, customer service and medicaid. The most important skills for a student loan collector are student loan accounts, customer service, and delinquent accounts.

Bill collector vs student loan collector overview

Bill CollectorStudent Loan Collector
Yearly salary$35,585$35,477
Hourly rate$17.11$17.06
Growth rate-8%-8%
Number of jobs23,74625,976
Job satisfaction--
Most common degreeHigh School Diploma, 27%Bachelor's Degree, 42%
Average age4646
Years of experience1212

Bill collector vs student loan collector salary

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

Bill CollectorStudent Loan Collector
Average salary$35,585$35,477
Salary rangeBetween $30,000 And $40,000Between $26,000 And $47,000
Highest paying CityPittsfield, MA-
Highest paying stateVirginia-
Best paying companyRetina Group Of Washington-
Best paying industryFinance-

Differences between bill collector and student loan collector education

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

Bill CollectorStudent Loan Collector
Most common degreeHigh School Diploma, 27%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common college--

Bill collector vs student loan collector demographics

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

Bill CollectorStudent Loan Collector
Average age4646
Gender ratioMale, 20.0% Female, 80.0%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 11.8% Unknown, 4.0% Hispanic or Latino, 24.0% Asian, 3.5% White, 56.3% 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 bill collector and student loan collector duties and responsibilities

Bill collector example responsibilities.

  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Follow HIPPA and FDCPA guidelines to ensure legal collection practices are utilized.
  • Bill and collect all skil Medicare, and other insurance claims which include HMO claims denials.
  • Provide patients with information and resources essential to their financial needs including payment arrangements and account reminders.
  • Take payments by ACH and debit cards.
  • Collect A/R payments from medical insurance companies and customers.
  • 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.

Bill collector vs student loan collector skills

Common bill collector skills
  • Patients, 19%
  • Customer Service, 7%
  • Medicaid, 6%
  • Medical Billing, 4%
  • Patient Accounts, 4%
  • Appeals, 4%
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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