Credit Counselors and Loan Officer Salary in Sector of Educational Services

The salary statistics of credit counselors and loan officers in the industry sector of educational services are shown in Table 1. In Table 2 we compare credit counselors and loan officer salaries in different industries within the educational services sector.

Average Annual Salary of Credit Counselors and Loan Officers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$32,550
25th Percentile Wage
$37,420
50th Percentile Wage
$45,900
75th Percentile Wage
$57,220
90th Percentile Wage
$72,080

Table 1 shows the average annual salary for credit counselors and loan officers in the industry sector of educational services. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) credit counselors and loan officers is $72,080. The median annual salary (50th percentile) is $45,900. The average annual salary for the bottom 10 percent paid credit counselors and loan officers is $32,550.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of credit counselors and loan officers in the industry sector of educational services from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201645,9002.75%11.15%
201544,6403.05%-
201443,2803.28%-
201341,8602.58%-
201240,780--

Compare Credit Counselors and Loan Officer Salary in Different Industries within the Educational Services Sector

The average salaries of credit counselors and loan officers in 23 industries in the educational services sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for credit counselors and loan officer occupations is the elementary and secondary schools - privately owned industry with an annual salary $58,390. The lowest paying industry is the junior colleges - state government owned industry (annual salary $41,730). For detailed credit counselors and loan officer salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Elementary and Secondary Schools - Privately owned
$58,390
Elementary and Secondary Schools
$54,470
Other schools and instruction - Privately owned
$54,330
Other Schools and Instruction
$54,230
Elementary and Secondary Schools - Local government owned
$50,680
Colleges, universities, and professional schools - Local government owned
$50,270
Educational Services - Local government owned
$47,820
Junior colleges - Local government owned
$47,670
Colleges, universities, and professional schools - Privately owned
$46,350
Colleges, Universities, and Professional Schools
$46,340
Junior Colleges (including private, state, and local government schools)
$46,310
Colleges, universities, and professional schools - State government owned
$46,120
Educational Services
$45,900
Educational Services - Privately owned
$45,570
Educational Services - State government owned
$45,440
Business Schools and Computer and Management Training
$44,140
Business schools and computer and management training - Privately owned
$44,140
Junior colleges - Privately owned
$44,080
Educational Support Services
$44,030
Educational Support Services - Privately owned
$44,030
Technical and trade schools - Privately owned
$42,700
Technical and Trade Schools
$42,640
Junior colleges - State government owned
$41,730

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].



Related:

Highest paying industries for credit counselors and loan officers.