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Student Loan Processor Jobs (NOW HIRING)

Thrivent Financial

$81K - $110K/yr

Demonstrates strong process ownership across the student loan lifecycle by developing andmaintainingcomprehensive procedural documentation for loan administration and servicing. Drives continuous ...

Yrefy LLC

Student Loan Advocate

Phoenix, AZ · On-site

$60K - $150K/yr

Student Loan Advocate (Inside Sales) Type: Hourly, Non-Exempt, Full-Time, In-Office, Non-Remote ... process by gathering documents for underwriting and ensuring that we are helping each unique ...

Yrefy LLC

Loan Processing Specialist

Phoenix, AZ · On-site

$40K - $55K/yr

This role ensures smooth communication and resolution of student application issues, supports ... Loan Processing & Problem Solving * Identify and resolve issues in the loan processing workflow to ...

Yrefy LLC

Loan Processing Specialist (Ignyte)

Phoenix, AZ · On-site

$40K - $55K/yr

This role ensures smooth communication and resolution of student application issues, supports ... Loan Processing & Problem Solving * Identify and resolve issues in the loan processing workflow to ...

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Student Loan Processor information

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How much do student loan processor jobs pay per hour?

As of Jul 24, 2026, the average hourly pay for student loan processor in the United States is $21.30, according to ZipRecruiter salary data. Most workers in this role earn between $18.03 and $24.04 per hour, depending on experience, location, and employer.

What jobs pay 4000 a week without a degree?

A Student Loan Processor is typically an administrative role that may not pay $4,000 weekly without significant experience or specialized skills. High-paying jobs that can reach this level without a degree are rare and often involve sales, entrepreneurship, or skilled trades such as real estate agents, certain sales managers, or specialized technical roles with certifications. Most high-earning positions require experience, training, or licensing beyond a standard degree.

What types of challenges might a Student Loan Processor face in their daily work?

Student Loan Processors often navigate a high volume of applications, which requires them to prioritize tasks and remain detail-oriented to avoid errors. They may encounter complex borrower situations that demand strong analytical and critical thinking skills to ensure all documentation is complete and compliant with regulations. Additionally, processors collaborate closely with students, families, financial aid officers, and lending institutions, so effective communication is essential. Handling sensitive information and meeting tight deadlines are also common aspects of the role, making time management and discretion key for success.

What is a Student Loan Processor job?

A Student Loan Processor is responsible for reviewing, verifying, and processing student loan applications to ensure they meet eligibility requirements. They work with borrowers, lenders, and institutions to gather necessary documentation, maintain accurate records, and ensure compliance with regulations. Their role involves data entry, correspondence with applicants, and resolving any discrepancies to facilitate loan approvals or disbursements.

How much does a loan officer make on a $500,000 loan?

A student loan processor typically does not earn a commission based on loan amounts; their salary is usually fixed or hourly. Loan officers, however, may earn a commission or bonus that can be a percentage of the loan amount, often ranging from 0.5% to 1%, which would equate to $2,500 to $5,000 on a $500,000 loan. Compensation structures vary by employer and region, and skills in sales and underwriting can influence earnings.

How much do processors get paid?

Student loan processors typically earn an average salary ranging from $35,000 to $55,000 per year, depending on experience, location, and employer. Entry-level positions may start lower, while experienced processors or those with specialized skills can earn higher wages. Compensation may also include benefits such as health insurance and paid time off.

What are the key skills and qualifications needed to thrive in the Student Loan Processor position, and why are they important?

To thrive as a Student Loan Processor, you need strong attention to detail, organizational skills, and a thorough understanding of lending regulations, typically supported by a high school diploma or relevant experience in loan processing or finance. Familiarity with loan origination software, document management systems, and compliance platforms is often required. Excellent communication, customer service, and problem-solving skills help you interact effectively with borrowers and colleagues. These abilities ensure accuracy in processing applications, regulatory compliance, and a positive experience for students seeking financial aid.

Is it hard to become a loan processor?

Becoming a student loan processor typically requires a high school diploma or equivalent, with some positions preferring postsecondary education or relevant experience. The role involves understanding loan policies, data entry, and customer service, and may require familiarity with loan processing software. Training is often provided on the job, making it accessible for many applicants.
More about Student Loan Processor jobs
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Student Loan Processor jobs near you
Infographic showing various Student Loan Processor job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 88% Full Time, 7% Part Time, and 4% Contract. Highlights an 97% Physical, 1% Hybrid, and 2% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.
Senior Mortgage Loan Processor & Team Lead

Senior Mortgage Loan Processor & Team Lead

My Education Solutions

San Antonio, TX

Full-time

Medical, Dental, Vision, PTO

Posted 20 days ago

Job description

Senior Mortgage Loan Processor amp; Team LeadLocation: San Antonio, TX, 78230
ABOUT MY EDUCATION SOLUTIONS
My Education Solutions' (MES) mission is to help clients successfully reduce their student loan debt through counseling, enrollment, and administrative services of the Federal Student Loan Forgiveness programs, so our Clients can afford to live the life they dreamed of when they decided to advance their education.
Job Summary:
Angel Ventures Inc is seeking an experienced Senior Mortgage Loan Processor amp; Team Lead to oversee loan processing operations and provide leadership to a team of loan processors. The ideal candidate will have extensive experience in mortgage loan processing, a strong background in compliance and regulatory standards, and supervisory experience leading a team in a fast-paced environment.
Key Responsibilities:
Leadership amp; Team Management
  • Lead, mentor, and train a team of mortgage and student loan processors.
  • Serve as the primary point of contact for escalated loan issues, ensuring timely and effective resolutions.
  • Oversee daily workflow, assign tasks, and monitor team performance to maintain efficiency.
  • Develop and implement process improvements to enhance accuracy and streamline operations.
  • Ensure all loan processing staff adhere to company policies, compliance standards, and industry regulations.
  • Provide regular performance feedback and conduct training sessions to enhance team knowledge and efficiency.
Mortgage Loan Processing
  • Review and verify mortgage loan applications for accuracy, completeness, and compliance.
  • Work closely with loan officers, underwriters, and clients to gather and validate necessary documentation.
  • Ensure the timely processing and submission of mortgage loan applications to underwriting.
  • Monitor the loan pipeline and prioritize workload to meet strict closing deadlines.
  • Stay updated on mortgage lending policies, regulatory requirements, and industry trends.
Student Loan Processing
  • Assist borrowers with federal student loan repayment options, including PSLF and IDR plans.
  • Guide clients through student loan consolidation applications and annual employment certification forms.
  • Educate borrowers on eligibility requirements and loan forgiveness opportunities.
  • Communicate with student loan servicers on behalf of clients as needed.
  • Maintain accurate records of student loan applications and documentation.
Qualifications amp; Skills:
  • Experience: Minimum of 3+ years in mortgage loan processing, with at least 2 years in a supervisory or leadership role.
  • Leadership: Strong experience managing, training, and mentoring loan processors.
  • Technical Skills: Proficiency in loan origination systems, compliance regulations, and mortgage underwriting guidelines.
  • Industry Knowledge: Deep understanding of mortgage lending laws and processes, with familiarity in student loan programs.
  • Customer Service: Excellent communication and interpersonal skills with a client-first approach.
  • Detail-Oriented: Strong organizational skills and ability to manage multiple priorities efficiently.
  • Problem-Solving: Ability to analyze loan scenarios and troubleshoot processing issues.
Preferred Qualifications:
  • Mortgage Loan Processor (MLP) certification or equivalent.
  • Experience with student loan servicers and federal loan processing platforms.
  • Strong knowledge of federal and state mortgage lending regulations.
Benefits:
  • Competitive salary based on experience
  • Health, dental, and vision insurance
  • Paid time off and holidays
  • Professional development and training opportunities
  • Supportive and collaborative work environment
How to Apply:
If you are an experienced mortgage loan processor with strong leadership skills, we invite you to apply! Please submit your resume and a cover letter outlining your experience and qualifications.

Apply