Information About Loan Counselors

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Training

Loan counselors need bachelor's degree.

Degrees for Loan counselors
Training for Loan Counselors
Percent
Less than High School 1.1
High School 15.4
Some College 25.5
Associates Degree 10.1
Bachelors Degree 39.5
Masters Degree 7.5
Doctorate or Professional Degree 0.9

Employment

Represents about 32,000 people in the United States- 3.4% of which are self-employed

Employment prospects are up Over the next 5 years there will be aproximately 5,000 more loan counselors but, because of expected growth and replacement needs in the United States, we will need 8,000 more.


Hourly Income

On average, loan counselors make $20.16 per hour.

Hourly Income Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Loan counselors $12.90 $15.40 $18.40 $22.90 $29.30
Business and financial operations occupations $16.70 $21.90 $29.60 $40.10 $52.90
National Average $8.65 $10.70 $16.50 $26.60 $41.00

Annual Salaries

On average, loan counselors make $41,940 per year.

Annual Salary Distribution in U.S. Dollars ($)
Bottom 10% Bottom 25% Median Top 75% Top 90%
Loan counselors $26,980 $32,150 $38,430 $47,650 $61,140
Business and financial operations occupations $34,770 $45,750 $61,700 $83,450 $110,040
National Average $18,000 $22,380 $34,460 $55,470 $85,280

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

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