Loan Counselors
SOC: 13-2071.01 · Job Zone 4 (Considerable preparation)
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.
AI Impact Summary
Loan Counselors faces moderate AI displacement risk with a score of 45/100. Significant displacement is estimated between 2038 and 2046. Of 28 analyzed tasks, 12 are highly automatable, particularly in routine_cognitive. Strong protective factors — including social intelligence, creativity, or regulatory barriers — significantly reduce effective risk.
Wage & Employment (2024)
Median Wage
$50,480
per year
Mean Wage
$55,890
per year
Employment
28K
workers
Wage Range
$38,980 - $77,920
10th - 90th pct
Wage Distribution
Protective Factors
Total protective discount: 20.8%
Skill Analysis
AI-Vulnerable Skills (6)
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Programming is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
AI-Resistant Skills (7)
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
Instructing is AI-resistant — strengthening this skill provides durable career protection.
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
Manual Dexterity is AI-resistant — strengthening this skill provides durable career protection.
AI-Augmented Skills (5)
Recommendations
Skills to Develop
These skills are at risk from AI automation. Loan Counselors professionals should diversify beyond them.
- Reading Comprehension
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Information Ordering
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Memorization
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Skills to Leverage
These human-centric skills remain difficult for AI to replicate. Double down here.
- Social Perceptiveness
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
- Instructing
Instructing is AI-resistant — strengthening this skill provides durable career protection.
- Coordination
Coordination is AI-resistant — strengthening this skill provides durable career protection.
- Negotiation
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
- Persuasion
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Tools to Adopt
AI can amplify these skills. Learn the tools that augment rather than replace your work.
- Critical Thinking
Critical Thinking will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Writing
Writing will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Active Learning
Active Learning will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Judgment and Decision Making
Judgment and Decision Making will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Systems Analysis
Systems Analysis will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
Task Breakdown
28 tasks analyzed
Confer with underwriters to resolve mortgage application problems.
Advise students on available financial-aid awards.
Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans.
Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans.
Assist in selection of financial award candidates using electronic databases to certify loan eligibility.
Approve loans within specified limits.
Review billing for accuracy.
Match students' needs and eligibility with available financial aid programs to provide informed recommendations.
Inform individuals and groups about the financial assistance available to college or university students.
Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs.
Supervise loan personnel.
Interview applicants and request specified information for loan applications.
Check loan agreements to ensure that they are complete and accurate, according to policies.
Maintain current knowledge of credit regulations.
Submit applications to credit analysts for verification and recommendation.
Compare data on student aid applications with eligibility requirements of assistance programs.
Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork.
Authorize or sign mail collection letters.
Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds.
Review accounts to determine write-offs for collection agencies.
Provide entrance or exit loan counseling to students.
Maintain and review account records, updating and recategorizing them according to status changes.
Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation.
Refer loans to loan committees for approval.
Open accounts for clients and disburse funds from clients' accounts to creditors.
Analyze potential loan markets to find opportunities to promote loans and financial services.
Locate debtors using post office directories, utility services account listings, or mailing lists.
Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors.
| Task | Category | AI Capability | Risk Score | Time % |
|---|---|---|---|---|
| Confer with underwriters to resolve mortgage application problems. | Non-Routine Interpersonal | 30 | 27.0 | 4% |
| Advise students on available financial-aid awards. | Non-Routine Interpersonal | 40 | 31.0 | 5% |
| Analyze applicants' financial status, credit, and property evaluations to determine feasibility of granting loans. | Non-Routine Analytical | 80 | 59.0 | 6% |
| Contact borrowers with delinquent accounts to obtain payment in full or to negotiate repayment plans. | Non-Routine Interpersonal | 35 | 29.0 | 4% |
| Assist in selection of financial award candidates using electronic databases to certify loan eligibility. | Routine Cognitive | 90 | 85.2 | 3% |
| Approve loans within specified limits. | Non-Routine Analytical | 85 | 61.0 | 4% |
| Review billing for accuracy. | Routine Cognitive | 90 | 85.2 | 2% |
| Match students' needs and eligibility with available financial aid programs to provide informed recommendations. | Non-Routine Analytical | 75 | 57.0 | 4% |
| Inform individuals and groups about the financial assistance available to college or university students. | Non-Routine Interpersonal | 40 | 31.0 | 4% |
| Establish payment priorities according to credit terms and interest rates to reduce clients' overall costs. | Non-Routine Analytical | 80 | 59.0 | 3% |
| Supervise loan personnel. | Non-Routine Interpersonal | 20 | 23.0 | 2% |
| Interview applicants and request specified information for loan applications. | Non-Routine Interpersonal | 45 | 33.0 | 5% |
| Check loan agreements to ensure that they are complete and accurate, according to policies. | Routine Cognitive | 90 | 85.2 | 5% |
| Maintain current knowledge of credit regulations. | Routine Cognitive | 85 | 83.2 | 3% |
| Submit applications to credit analysts for verification and recommendation. | Routine Cognitive | 95 | 87.2 | 2% |
| Compare data on student aid applications with eligibility requirements of assistance programs. | Routine Cognitive | 90 | 85.2 | 5% |
| Contact applicants or creditors to resolve questions about applications or to assist with completion of paperwork. | Non-Routine Interpersonal | 40 | 31.0 | 5% |
| Authorize or sign mail collection letters. | Routine Cognitive | 95 | 87.2 | 2% |
| Counsel clients on personal and family financial problems, such as excessive spending or borrowing of funds. | Non-Routine Interpersonal | 20 | 23.0 | 5% |
| Review accounts to determine write-offs for collection agencies. | Non-Routine Analytical | 80 | 59.0 | 3% |
| Provide entrance or exit loan counseling to students. | Non-Routine Interpersonal | 40 | 31.0 | 4% |
| Maintain and review account records, updating and recategorizing them according to status changes. | Routine Cognitive | 90 | 85.2 | 4% |
| Calculate amount of debt and funds available to plan methods of payoff and to estimate time for debt liquidation. | Routine Cognitive | 95 | 87.2 | 4% |
| Refer loans to loan committees for approval. | Routine Cognitive | 95 | 87.2 | 2% |
| Open accounts for clients and disburse funds from clients' accounts to creditors. | Routine Cognitive | 90 | 85.2 | 3% |
| Analyze potential loan markets to find opportunities to promote loans and financial services. | Non-Routine Analytical | 70 | 55.0 | 3% |
| Locate debtors using post office directories, utility services account listings, or mailing lists. | Routine Cognitive | 90 | 85.2 | 2% |
| Contact creditors to explain clients' financial situations and to arrange for payment adjustments so that payments are feasible for clients and agreeable to creditors. | Non-Routine Interpersonal | 30 | 27.0 | 2% |
Community Assessment
Do you agree with this risk score?
Explore other career paths
Compare displacement risk across occupations and find careers with stronger long-term prospects.