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Claims collector vs student loan collector

The differences between claims 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 claims collector and a student loan collector. Additionally, a claims collector has an average salary of $36,591, which is higher than the $35,477 average annual salary of a student loan collector.

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

Claims collector vs student loan collector overview

Claims CollectorStudent Loan Collector
Yearly salary$36,591$35,477
Hourly rate$17.59$17.06
Growth rate-8%-8%
Number of jobs19,14225,976
Job satisfaction--
Most common degreeBachelor's Degree, 34%Bachelor's Degree, 42%
Average age4646
Years of experience1212

Claims collector vs student loan collector salary

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

Claims CollectorStudent Loan Collector
Average salary$36,591$35,477
Salary rangeBetween $30,000 And $43,000Between $26,000 And $47,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between claims collector and student loan collector education

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

Claims CollectorStudent Loan Collector
Most common degreeBachelor's Degree, 34%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common college--

Claims collector vs student loan collector demographics

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

Claims CollectorStudent Loan Collector
Average age4646
Gender ratioMale, 15.8% Female, 84.2%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 14.1% Unknown, 4.0% Hispanic or Latino, 19.5% Asian, 3.5% White, 58.4% 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 claims collector and student loan collector duties and responsibilities

Claims collector example responsibilities.

  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Operate under HIPPA guidelines for all collection activities.
  • Maintain strict confidentiality and adhere to HIPPA policies.
  • Maintain high- standards of confidentiality per HIPAA guidelines.
  • Review and resubmits denials from Medicaid, Medicare and private health insurance.
  • Research and resolve denials and EOB rejections within standard billing cycle timeframe.
  • 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.

Claims collector vs student loan collector skills

Common claims collector skills
  • Patients, 27%
  • Appeals, 11%
  • Medicaid, 10%
  • Medical Insurance Claims, 8%
  • EOB, 6%
  • Outbound Calls, 5%
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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