Loan counselor vs counselor

The differences between loan counselors and counselors can be seen in a few details. Each job has different responsibilities and duties. Additionally, a loan counselor has an average salary of $49,002, which is higher than the $36,225 average annual salary of a counselor.

The top three skills for a loan counselor include phone calls, payment arrangements and federal regulations. The most important skills for a counselor are patients, crisis intervention, and substance abuse.

Loan counselor vs counselor overview

	Loan Counselor	Counselor
Yearly salary	$49,002	$36,225
Hourly rate	$23.56	$17.42
Growth rate	4%	10%
Number of jobs	35,925	77,536
Job satisfaction	-	2
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 59%
Average age	45	44
Years of experience	2	-

Loan counselor vs counselor salary

Loan counselors and counselors have different pay scales, as shown below.

	Loan Counselor	Counselor
Average salary	$49,002	$36,225
Salary range	Between $37,000 And $63,000	Between $19,000 And $67,000
Highest paying City	New York, NY	-
Highest paying state	New York	California
Best paying company	Mortgage Inv. Group	-
Best paying industry	Finance	Education

Differences between loan counselor and counselor education

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

	Loan Counselor	Counselor
Most common degree	Bachelor's Degree, 49%	Bachelor's Degree, 59%
Most common major	Business	Psychology
Most common college	Stanford University	University of Pennsylvania

Loan counselor vs counselor demographics

Here are the differences between loan counselors' and counselors' demographics:

	Loan Counselor	Counselor
Average age	45	44
Gender ratio	Male, 37.1% Female, 62.9%	Male, 38.5% Female, 61.5%
Race ratio	Black or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 16.1% Asian, 6.4% White, 63.2% American Indian and Alaska Native, 0.5%	Black or African American, 15.6% Unknown, 5.1% Hispanic or Latino, 11.1% Asian, 3.5% White, 63.5% American Indian and Alaska Native, 1.2%
LGBT Percentage	8%	9%

Differences between loan counselor and counselor duties and responsibilities

Loan counselor example responsibilities.

Manage portfolio of GSE assets that are actively pursuing liquidation or retention options to cure default.
Experience in SBA underwriting that has produce SBA loan approval.
Perform account reviews to ensure associates perform logical progressions of collection efforts and maintain FDCPA guidelines.
Provide early delinquency counseling to CalHFA customers who have conventional or FHA type of loans.
Exercise servicing standards put in place by the FHA, VA, USDA and other private labels.
Resolve accounts using effective negotiating tools and appropriate system documentation in accordance with FDCPA and company's guidelines.

Counselor example responsibilities.

Maintain a safe program through ongoing CPI training.
Utilize de-escalation skills (CPI) when necessary.
Instill confidence, improve all components of writing and reading, and study strategies.
Arrange ESL tutoring and perform as liaison between students, parents, and school administrators.
Advise students into their major field of study, and assisting them with choosing the correct curriculum.
Operate a full service litigation office that evolve from general litigation to criminal litigation to federal criminal trials.

Loan counselor vs counselor skills

Common loan counselor skills

Phone Calls, 14%
Payment Arrangements, 12%
Federal Regulations, 8%
Outbound Collection Calls, 6%
Inbound Calls, 6%
FDCPA, 4%

Common counselor skills

Patients, 13%
Crisis Intervention, 12%
Substance Abuse, 12%
Social Work, 10%
Community Resources, 4%
CPR, 4%