Student Loan Officer
Job Overview
Student Finance Officers play a critical role in making higher education more accessible and affordable by guiding students through financial aid processes and helping them achieve their educational goals. This position requires a unique combination of financial expertise, customer service, and compliance knowledge to support students effectively.
Essential Functions
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Conduct student interviews to assess financial aid needs and eligibility.
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Review and evaluate financial information, similar to assessing loan applications, to determine funding options.
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Maintain accurate student financial aid documentation and ensure compliance with institutional and federal regulations.
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Assist students with completing financial aid forms and educate them on repayment responsibilities, drawing on loan counseling techniques.
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Counsel veteran students, ensuring compliance with Department of Veterans Affairs guidelines.
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Manage student payment plans, contact students with outstanding balances, and recommend feasible payment solutions.
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Perform financial analysis to assist in structuring financial aid packages, akin to loan underwriting.
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Track and process financial aid documentation, including ISIRs and federal fund releases.
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Audit student files for completeness and accuracy, identifying discrepancies as one would with financial account audits.
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Coordinate with Admissions regarding financial aid appointments to provide seamless student support.
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Maintain familiarity with lending practices and financial policies relevant to student funding.
Core Competencies
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Critical Thinking: Apply analytical skills in evaluating financial aid eligibility and payment options.
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Communication: Articulate complex financial concepts in a clear and relatable manner.
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Customer Service: Build trust and rapport with students, using a consultative approach akin to client relationship management.
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Cultural Competency: Navigate diverse financial backgrounds with sensitivity and understanding.
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Ethical Decision-Making: Uphold integrity in all financial transactions and advising processes.
Minimum Requirements
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3+ years of experience in financial aid assistance, banking, or loan processing.
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Strong verbal and written communication skills to support client interactions and compliance documentation.
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Proficient in Microsoft Office/Google Workspace and financial systems.
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Ability to access Department of Education systems, with familiarity in loan origination and servicing platforms preferred.
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Exceptional customer service skills, with an emphasis on financial guidance.
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Experience with loan counseling or financial analysis.
Preferred Qualifications
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Associate's degree from an accredited institution.
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Knowledge of Title IV funding and banking regulations.
Additional Details
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Supervisory Responsibilities: None
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Required Licenses: None
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Hiring Range: $20.80 - $24.96/hour
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