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Collector vs student loan collector

The differences between 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 collector and a student loan collector. Additionally, a student loan collector has an average salary of $35,477, which is higher than the $34,872 average annual salary of a collector.

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

Collector vs student loan collector overview

CollectorStudent Loan Collector
Yearly salary$34,872$35,477
Hourly rate$16.77$17.06
Growth rate-8%-8%
Number of jobs23,94825,976
Job satisfaction--
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 42%
Average age4646
Years of experience1212

Collector vs student loan collector salary

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

CollectorStudent Loan Collector
Average salary$34,872$35,477
Salary rangeBetween $27,000 And $44,000Between $26,000 And $47,000
Highest paying CityLos Angeles, CA-
Highest paying stateAlaska-
Best paying companyUline-
Best paying industryFinance-

Differences between collector and student loan collector education

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

CollectorStudent Loan Collector
Most common degreeBachelor's Degree, 31%Bachelor's Degree, 42%
Most common majorBusinessBusiness
Most common college--

Collector vs student loan collector demographics

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

CollectorStudent Loan Collector
Average age4646
Gender ratioMale, 36.0% Female, 64.0%Male, 41.2% Female, 58.8%
Race ratioBlack or African American, 12.1% Unknown, 4.1% Hispanic or Latino, 20.1% Asian, 3.8% White, 59.5% 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 collector and student loan collector duties and responsibilities

Collector example responsibilities.

  • Manage patient focuse reports, collection modules, provider/facility A/R, collections, patient discharge letters.
  • Monitor all assign accounts by reviewing the client's aging, manage all potential bad debit, DSO, aging.
  • Prevent impeding loss and increasing profitability through negotiation and enforcement of schedule collection campaigns, consistently achieving high success standards.
  • Provide customer service via telephone and correspondence for patients and authorize representatives regarding outstanding patient accounts in accordance with facility protocol.
  • Verify and run eligibility on the following insurance, Medi-Cal, Medi-Cal HMO, Medicare, Medicare HMO.
  • Provide excellent customer service while following HIPPA confidentiality laws.
  • 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.

Collector vs student loan collector skills

Common collector skills
  • Patients, 14%
  • Customer Service, 10%
  • Payment Arrangements, 10%
  • Excellent Interpersonal, 9%
  • Delinquent Accounts, 8%
  • Student Loans, 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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