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

What is a student loan correspondent and how to become one

Updated January 8, 2025

3 min read

There is more than meets the eye when it comes to being a student loan correspondent. For example, did you know that they make an average of $22.35 an hour? That's $46,486 a year! Between 2018 and 2028, the career is expected to grow 4% and produce 12,600 job opportunities across the U.S.

ScoreStudent Loan CorrespondentUS Average

Salary

3.6

Avg. Salary $46,486

Avg. Salary $59,228

Stability level

7.3

Growth rate 4%

Growth rate 0.3%

Diversity

5.4

Race

American Indian and Alaska Native 0.48%

Asian 6.38%

Black or African American 9.19%

Hispanic or Latino 15.95%

Unknown 4.64%

White 63.37%

Gender

female 63.86%

male 36.14%

Age - 44

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 - 44

Stress level

7.3

Stress level is high

7.1 - high

Complexity level

8.8

Complexity level is advanced

7 - challenging

Work life balance

5.6

Work life balance is fair

6.4 - fair

Key steps to become a student loan correspondent

Explore student loan correspondent education requirements

Most common student loan correspondent degrees

Bachelor's

60.4 %

High School Diploma

15.1 %

Associate

13.2 %

Start to develop specific student loan correspondent skills

Skills	Percentages
Customer Service	24.03%
Inbound Calls	17.98%
Outbound Calls	13.27%
Student Loan Debt	5.74%
Payment Arrangements	5.27%

Complete relevant student loan correspondent training and internships

Accountants spend an average of 6-12 months on post-employment, on-the-job training. New student loan correspondents 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 correspondent based on U.S. Bureau of Labor Statistics data and data from real student loan correspondent resumes.

Research student loan correspondent duties and responsibilities

Develop Facebook strategy, execute launch and manage content.
Proofread and edit correspondence for accuracy and quality standards.
Interview prospective lenders to for additional services; significantly expand company lender sources in both purchase and refinance markets.
Analyze mortgagors for approval of HAMP or traditional modification.

Prepare your student loan correspondent resume

When your background is strong enough, you can start writing your student loan correspondent 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 correspondent 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 correspondent resume templates

Build a professional student loan correspondent 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 correspondent resume.