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Loan Counselors

Also called: Financial Aid Advisor, Financial Aid Counselor, Financial Aid Director, Financial Aid Officer

What they do:
Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
On the job, you would:
  • Maintain current knowledge of credit regulations.
  • Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
  • Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.

Knowledge

Math and Science
  • arithmetic, algebra, geometry, calculus, or statistics
Arts and Humanities
  • English language
Business
  • customer service
  • administrative services
Engineering and Technology
  • computers and electronics

Skills

Basic Skills
  • listening to others, not interrupting, and asking good questions
  • reading work related information
Social
  • understanding people's reactions
  • looking for ways to help people
People and Technology Systems
  • thinking about the pros and cons of different options and picking the best one
  • figuring out how a system should work and how changes in the future will affect it

Abilities

Verbal
  • listen and understand what people say
  • read and understand what is written
Ideas and Logic
  • use rules to solve problems
  • make general rules or come up with answers from lots of detailed information
Math
  • choose the right type of math to solve a problem
  • add, subtract, multiply, or divide
Visual Understanding
  • quickly compare groups of letters, numbers, pictures, or other things

Personality

People interested in this work like activities that include leading, making decisions, and business.
They do well at jobs that need:
  • Dependability
  • Integrity
  • Attention to Detail
  • Self Control
  • Cooperation
  • Concern for Others

Technology

You might use software like this on the job:

Data base user interface and query software
  • EDExpress
  • ELM Resources ELM
Internet browser software
  • Microsoft Internet Explorer
  • Web browser software
Spreadsheet software
  • Microsoft Excel Hot Technology

Education

Education: (rated 4 of 5)
high school diploma/GED or
some college
usually needed

Get started on your career:

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Job Outlook

Bright Outlook
New job opportunities are very likely in the future.
Salary
$43,840
per year, on average
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See more details at O*NET OnLine about loan counselors.