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Job outlook for loan counselors in the United States
Loan counselor job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected loan counselor job growth rate is 4% from 2018-2028.
About 12,600 new jobs for loan counselors are projected over the next decade.
Loan counselor salaries have increased 4% for loan counselors in the last 5 years.
There are over 10,849 loan counselors currently employed in the United States.
There are 35,925 active loan counselor job openings in the US.
The average loan counselor salary is $49,002.
Are loan counselor jobs in demand?
Loan counselor job and salary trends over time
Loan counselor jobs over time
Loan counselor job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 10,849 | 0.00% |
| 2020 | 10,404 | 0.00% |
| 2019 | 10,709 | 0.00% |
| 2018 | 11,507 | 0.00% |
| 2017 | 11,568 | 0.00% |
Average loan counselor salary over time
Loan counselor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $49,002 | $23.56 | +0.5% |
| 2024 | $48,769 | $23.45 | +1.7% |
| 2023 | $47,952 | $23.05 | +1.1% |
| 2022 | $47,453 | $22.81 | +0.7% |
| 2021 | $47,103 | $22.65 | +1.2% |
Loan counselor jobs by state
Most common states for loan counselors
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 108 | 16% |
| 2 | Minnesota | 5,576,606 | 542 | 10% |
| 3 | Montana | 1,050,493 | 109 | 10% |
| 4 | Delaware | 961,939 | 97 | 10% |
| 5 | North Dakota | 755,393 | 70 | 9% |
| 6 | Arizona | 7,016,270 | 588 | 8% |
| 7 | Colorado | 5,607,154 | 454 | 8% |
| 8 | Connecticut | 3,588,184 | 276 | 8% |
| 9 | Iowa | 3,145,711 | 239 | 8% |
| 10 | Alaska | 739,795 | 58 | 8% |
| 11 | Wyoming | 579,315 | 47 | 8% |
| 12 | Pennsylvania | 12,805,537 | 865 | 7% |
| 13 | New Jersey | 9,005,644 | 613 | 7% |
| 14 | Maryland | 6,052,177 | 420 | 7% |
| 15 | Maine | 1,335,907 | 91 | 7% |
| 16 | Rhode Island | 1,059,639 | 73 | 7% |
| 17 | Vermont | 623,657 | 41 | 7% |
| 18 | Florida | 20,984,400 | 1,331 | 6% |
| 19 | Utah | 3,101,833 | 182 | 6% |
| 20 | New Hampshire | 1,342,795 | 79 | 6% |
Loan Counselor job outlook: Expert opinions
Our panel of loan counselor experts
Vanguard University
Angelo State University
What will help Loan Counselors increase their earning potential?
Emily Yowell Ph.D.: Psychologists should be aware of what others in their field are making for similar positions. It is important to ask for what your work is worth in an initial position to assure raises are based on a solid starting salary. Newer psychologists may also consider asking for an early review that prompts an early conversation around potential raises, bonus, or other job benefits.
Dr. Tommy Casarez Ph.D.
Dr., Assistant Professor of Historical and Systematic TheologyVanguard University
Religion, Undergraduate Religion
What general advice would you give to a Loan Counselor?
Dr. Tommy Casarez Ph.D.: Opportunities come in many different shapes and sizes, but they are still out there. Whether you are seeking to land a job in education or the non-profit sector, you will need to familiarize yourself and get used to all things digital, for the sake of communicating effectively. The younger your student or service partner's mindset, the more digitally savvy you will need to be, especially in the classroom and in the non-profit world.
Lesley Casarez Ph.D.
Director, Quality Enhancement Plan Program Coordinator, M.S. Professional School Counseling Associate Professor, Curriculum and InstructionAngelo State University
Department of Curriculum and Instruction
What technology do you think will become more important and prevalent for Loan Counselors in the next 3-5 years?
Lesley Casarez Ph.D.: Graduates will need to learn to use technology in which virtual platforms are taking place and web conferencing platforms. Numerous platforms are being used, so the particular platform itself is not as crucial as being well-versed in how virtual education differs from face-to-face environments. Typically, the instructional role in online learning is more of a facilitator, as the educator guides the students to think critically, integrate, and apply new knowledge. This may be difficult for educators who would rather stand in front of a classroom and pass on their knowledge through lecture-based formats. Additionally, being well-versed in various web conferencing platforms will benefit graduates, as they move into a career that is currently requiring communication in virtual environments.