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Student Loan Processor Jobs (NOW HIRING)

Gannon University

Loan Coordinator

Erie, PA · On-site

... students, parents, and agencies concerning loan programs and pertinent issues. 5. Performs automated processes (i.e. send, receive, and post loan transmissions). 6. Prepare and disseminate data in ...

Gannon University

Loan Coordinator

Erie, PA · On-site

... students, parents, and agencies concerning loan programs and pertinent issues. 5. Performs automated processes (i.e. send, receive, and post loan transmissions). 6. Prepare and disseminate data in ...

Ernest Health

COTA Student Loan Assistance Program

Casper, WY · On-site

$27.50 - $36.75/hr

Overview COTA - Full Time - Casper, Wyoming Student Loan Assistance Program available! Elkhorn ... Demonstrates general computer skills including: data entry, word processing, email, and record ...

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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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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.

Loan Coordinator

Alabama State University

Montgomery, AL • On-site

Full-time

Re-posted 17 hours ago

Job description

Job Description Alabama State University, Office of Financial Aid, invites applications to the fill the position of Loan Coordinator. Under the general supervision of the Assistant Director of Financial Aid, the Loan Coordinator will be responsible for all aspects of reviewing, certifying, awarding, originating and reconciling Federal Direct Loans, PLUS, private educational loans and TEACH Grant awards. Ensure that eligibility determinations and disbursements are made timely and accurately in accordance with federal and private regulations and compliance.

Candidate will develop and maintain strategies for using technology in support of student loan processes and better service to students and the university. Duties and Responsibilities: Plan, develop, and implement student aid activities, procedures and policies. Establish goals and priorities, and make decisions based on program and institutional polices Identify and resolve inconsistencies.

Follow program guidelines to determine eligibility and certify student and parent requests for Federal, State, Private Educational loans and TEACH Grant Provide loan counseling and information to borrowers; participate in default management activities. Provide first level of support to Financial Aid staff regarding loan issues; provide information to students regarding general financial aid program requirements and procedures Reconcile all loan programs monthly. Perform other duties as assigned Minimum Qualifications A bachelor's degree from an accredited college or university and three (3) years previous experience working in Financial Aid or Higher Education.

Excellent organizational skills; proficient in MS Office products with ability to learn other software programs; familiarity with PC software, particularly EDConnect, COD, NSLDS, and PeopleSoft Student Information System; detail oriented, and accurate. Strong communication skills: written, oral, active listening and interpersonal skills. Supplemental Information EEOC STATEMENT: It is the policy of Alabama State University to provide equal employment opportunities without regard to race, color, religion, sex, national origin, age, disability, marital status, veteran status, sexual orientation, genetic information or any other protected characteristic under applicable law.

SUPPLEMENTAL INFORMATION: Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of the job. Federal law requires identity and employment eligibility verification on Form I-9 within three (3) business days of employment. All positions require the passing of a background check and some the passing of a drug screen.

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