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Student Loan Processor Jobs (NOW HIRING)

GreenStone

Loan Processor

Ann Arbor, MI · On-site

$150/day

As a Loan Processor at our organization, you'll have the opportunity to make a significant impact ... Student Debt repayment program * Yearly bonus/incentive opportunity available to all benefit ...

Rock Valley College

Student Loan Coordinator

Rockford, IL · On-site

$55K - $58K/yr

This position coordinates loan processing, borrower communications, reconciliation, default prevention, and related compliance activities while serving as a primary resource for students, staff, and ...

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Student Loan Processor information

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How much do student loan processor jobs pay per hour?

As of Aug 14, 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 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?

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 do student loan processors get paid?

Student loan processors are typically paid an hourly wage or salary by their employer, which can be a bank, financial institution, or government agency. Compensation may also include benefits such as health insurance and paid time off, and some roles offer performance-based bonuses or incentives. Payment structures depend on the employer and the specific job setting.

What qualifications do I need to be a student loan processor?

A student loan processor typically needs a high school diploma or equivalent, with some employers preferring post-secondary education or relevant experience in finance or customer service. Strong organizational skills, attention to detail, and familiarity with loan processing software or databases are important. Certification is not usually required but can enhance job prospects.

What are the key skills and qualifications needed to thrive as a student loan processor?

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 a student loan processor a difficult job?

A student loan processor's job involves reviewing and verifying loan applications, ensuring compliance with policies, and managing documentation, which can require attention to detail and organizational skills. The difficulty level depends on workload, complexity of cases, and familiarity with loan processing systems, but it generally involves routine administrative tasks and communication with borrowers and lenders.
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What are the most commonly searched types of Student Loan Processor jobs?

The most popular types of Student Loan Processor jobs are:

What job categories do people searching Student Loan Processor jobs look for?

The top searched job categories for Student Loan Processor jobs are:

Student Loan Processor jobs near you
Infographic showing various Student Loan Processor job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 63% Full Time, 33% Part Time, 1% Temporary, and 2% Contract. Highlights an 85% Physical, 1% Hybrid, and 14% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Senior Mortgage Loan Processor & Team Lead

My Education Solutions

San Antonio, TX • On-site

Full-time

Medical, Dental, Vision, PTO

Re-posted 10 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