How To Become A Student Loan Collector: What It Is and Career Path

What is a student loan collector and how to become one

Updated January 8, 2025

3 min read

The average student loan collector salary is $35,477. The most common degree is a bachelor's degree degree with an business major. It usually takes 6-12 months of experience to become a student loan collector. Student loan collectors with a International Accredited Business Accountant (IABA) certification earn more money. Between 2018 and 2028, the career is expected to grow -8% and produce -17,500 job opportunities across the U.S.

ScoreStudent Loan CollectorUS Average

Salary

2.8

Avg. Salary $35,477

Avg. Salary $59,228

Stability level

7.9

Growth rate -8%

Growth rate 0.3%

Diversity

5.9

Race

American Indian and Alaska Native 0.48%

Asian 3.60%

Black or African American 11.78%

Hispanic or Latino 18.39%

Unknown 4.04%

White 61.71%

Gender

female 58.83%

male 41.17%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

7.9

Stress level is high

7.1 - high

Complexity level

4.9

Complexity level is intermediate

7 - challenging

Work life balance

7.6

Work life balance is good

6.4 - fair

Key steps to become a student loan collector

Explore student loan collector education requirements

Most common student loan collector degrees

Bachelor's

42.0 %

High School Diploma

22.3 %

Associate

21.1 %

Start to develop specific student loan collector skills

Skills	Percentages
Student Loan Accounts	15.73%
Customer Service	8.72%
Delinquent Accounts	6.83%
FDCPA	5.43%
State Laws	4.14%

Complete relevant student loan collector training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New student loan collectors learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a student loan collector based on U.S. Bureau of Labor Statistics data and data from real student loan collector resumes.

Research student loan collector duties and 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.

Prepare your student loan collector resume

When your background is strong enough, you can start writing your student loan collector resume.

You can use Zippia's AI resume builder to make the resume writing process easier while also making sure that you include key information that hiring managers expect to see on a student loan collector resume. You'll find resume tips and examples of skills, responsibilities, and summaries, all provided by Zippi, your career sidekick.

Choose from 10+ customizable student loan collector resume templates

Build a professional student loan collector resume in minutes. Browse through our resume examples to identify the best way to word your resume. Then choose from 10+ resume templates to create your student loan collector resume.