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Student Loan Processor Jobs (NOW HIRING)

Yrefy LLC

Loan Processor

Phoenix, AZ · On-site

$21 - $26/hr

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 Processor

Phoenix, AZ · On-site

$21 - $26/hr

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 Processor

Phoenix, AZ

$21 - $26/hr

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 ...

USAJOBS - Search

Loan Processor

Fort Worth, TX

$54K/yr

The incumbent processes disaster loan, reconsideration and modification requests, and limited ... community, student, social). Volunteer work helps build critical competencies, knowledge, and ...

USAJOBS - Search

Loan Processor

Fort Worth, TX

$49K/yr

... processing disaster loan requests, from across the United States, and in U.S. Territories and ... community, student, social). Volunteer work helps build critical competencies, knowledge, and ...

USAJOBS - Search

Loan Processor

Fort Worth, TX

$44K/yr

Processing loan applications using web-based financial/lending software to underwrite loans. These ... community, student, social). Volunteer work helps build critical competencies, knowledge, and ...

DFCU Financial

Mortgage Loan Processor

Dearborn, MI · On-site

$36K - $50K/yr

As a Mortgage Loan Processor, you'll manage documentation, verify loan information, coordinate with ... Flexible scheduling for students Equal Opportunity Employer / Disabled / Veterans

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Student Loan Processor information

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How much do student loan processor jobs pay per hour?

As of Sep 4, 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 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.

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.

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.

How do student loan processors get paid?

Student loan processors are typically paid an hourly wage or salary, which can vary based on experience, location, and employer. Some may also receive benefits such as health insurance and paid time off, and the role often requires familiarity with loan processing software and documentation procedures.

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.
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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% Internship, 1% As Needed, 58% Full Time, 37% Part Time, 1% Temporary, and 2% Contract. Highlights an 82% Physical, 1% Hybrid, and 17% Remote job distribution, with an average salary of $44,308 per year, or $21.3 per hour.

Loan Processor

Yrefy LLC

Phoenix, AZ • On-site

$21 - $26/hr

Full-time

Dental, Vision, Life, Retirement

This job post has expired today. Applications are no longer accepted.

Job description

Position Overview:

The Loan Processing Specialist (Ignyte) serves as a critical liaison between our lending operations and partner schools. This role ensures smooth communication and resolution of student application issues, supports underwriting processes, and maintains high standards of documentation accuracy. The ideal candidate is detail-oriented, proactive, and passionate about helping students succeed through financial access.

Key Responsibilities:

School Communication & Support

  • Serve as the primary point of contact for partner schools regarding student loan application issues.
  • Troubleshoot and resolve application discrepancies or delays in collaboration with school administrators and internal teams.
  • Provide guidance to schools on documentation requirements and application procedures.

Loan Processing & Problem Solving

  • Identify and resolve issues in the loan processing workflow to ensure timely approvals and disbursements.
  • Collaborate with internal departments to streamline processes and improve service delivery.

Underwriting Support

  • Work closely with the underwriting team to ensure all required documentation is complete and accurate.
  • Assist in gathering and verifying supporting documents from students and schools to facilitate loan approvals.

Document Review & Quality Assurance

  • Review student loan documents for completeness, accuracy, and compliance with company and regulatory standards.
  • Maintain organized records and ensure timely updates in the loan management system.

Qualifications:

  • Earning a degree or equivalent experience in Business, English, finance, education, or a related field.
  • 2+ years of experience in loan processing, financial services, or educational administration preferred.
  • Strong problem-solving skills and attention to detail.
  • Excellent communication and interpersonal skills.
  • Ability to manage multiple tasks and prioritize effectively in a fast-paced environment.
  • Familiarity with lending regulations and documentation standards is a plus.

Yrefy takes care of our team members! Benefits include:

  • 100% Employer Paid Medical for Employee AND Whole Family (includes the Mayo Clinic)
  • 401(k)/Roth Plan with 4% Match and Immediate Vesting
  • Dental Insurance
  • Vision Insurance
  • Company Paid Life Insurance
  • Company Paid Short-and-Long-Term Disability Insurance
  • Fully Paid LifeTime Gym Membership (if at least 8 visit days/month)
  • Student Loan Repayment Assistance and Education Assistance
  • Stocked Snack Kitchens
  • Fun in-Office Work Environment
  • Opportunity to Work at a Fast-Growing Company
  • And more!

Join a team that is making a difference in people's lives Apply today!