Delinquency counselor vs student loan collector

The differences between delinquency counselors 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 delinquency counselor and a student loan collector. Additionally, a delinquency counselor has an average salary of $45,996, which is higher than the $35,477 average annual salary of a student loan collector.

The top three skills for a delinquency counselor include collection systems, collection practices and delinquent accounts. The most important skills for a student loan collector are student loan accounts, customer service, and delinquent accounts.

Delinquency counselor vs student loan collector overview

	Delinquency Counselor	Student Loan Collector
Yearly salary	$45,996	$35,477
Hourly rate	$22.11	$17.06
Growth rate	-8%	-8%
Number of jobs	27,184	25,976
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 42%
Average age	46	46
Years of experience	12	12

Delinquency counselor vs student loan collector salary

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

	Delinquency Counselor	Student Loan Collector
Average salary	$45,996	$35,477
Salary range	Between $34,000 And $62,000	Between $26,000 And $47,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between delinquency counselor and student loan collector education

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

	Delinquency Counselor	Student Loan Collector
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 42%
Most common major	Business	Business
Most common college	-	-

Delinquency counselor vs student loan collector demographics

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

	Delinquency Counselor	Student Loan Collector
Average age	46	46
Gender ratio	Male, 43.3% Female, 56.7%	Male, 41.2% Female, 58.8%
Race ratio	Black or African American, 14.5% Unknown, 4.2% Hispanic or Latino, 16.5% Asian, 3.9% White, 60.3% 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 Percentage	8%	8%

Differences between delinquency counselor and student loan collector duties and responsibilities

Delinquency counselor example responsibilities.

Perform in-depth financial work-ups of members determining best-case scenarios and provide alternatives to members to avoid possible foreclosure.
Comply with FDCPA and RFDCPA regulations.
Analyze mortgagors for approval of HAMP or traditional modification.

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.

Delinquency counselor vs student loan collector skills

Common delinquency counselor skills

Collection Systems, 13%
Collection Practices, 12%
Delinquent Accounts, 10%
Payment Options, 9%
Credit Card Accounts, 9%
Optimal Solutions, 9%

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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Delinquency Counselor
Delinquency Counselor vs Student Loan Collector

Updated January 8, 2025

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