Education Loan Servicing Salary

Education Loan Servicing Salary

How much does the Education Loan Servicing Pay for employees?

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As of August 2026, the average annual salary for employees at Education Loan Servicing in the United States is $87,875. This translates to an approximate hourly wage of $42. Salaries at Education Loan Servicing typically range from $77,084 to $99,575 annually, reflecting the diverse roles and experience levels within the company. Education Loan Servicing’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Education Loan Servicing Pay for Different Roles?

Explore detailed salary information for specific jobs at Education Loan Servicing. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at Education Loan Servicing

Ready for your next career move? Explore current job openings at Education Loan Servicing. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Education Loan Servicing’s Pay Competitive? Salary Benchmarking Analysis

How does Education Loan Servicing’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
Education Loan Servicing
Financial Services
Tower Administrative Services Inc
United Payment Center LLC
Industry Comparison
Our data shows that, on average, compensation at Education Loan Servicing is below the average for the U.S. Financial Services industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Education Loan Servicing average annual salary with several similar companies. Education Loan Servicing average salary of $87,875 is higher than Tower Administrative Services Inc, which has an average salary of $87,801. It is lower than United Payment Center LLC, with their average salary at $95,829. This places Education Loan Servicing in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How Education Loan Servicing's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Education Loan Servicing. Click a company name to learn more.

Employee Reviews: Working at Education Loan Servicing

Considering a career at Education Loan Servicing? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The organization values innovation and ensures employees have access to tools and training needed to succeed in a competitive financial landscape. Peer recognition is encouraged through multiple channels. The company invests in technology and people equally. Standard benefits and consistent hours.
Commented in March 04, 2025
43
1
Everyone is willing to lend a hand or share expertise, which cultivates a positive and highly productive atmosphere. We understand the company's goals and how our individual roles contribute to achieving them successfully. Great work-life balance and flexible scheduling options. In the fast-paced financial industry, this company excels at promoting work-life balance. Processes are efficient, thoug...
Commented in January 13, 2025
14
3
Most coworkers are friendly but focused on their own tasks. I’ve never felt more included or respected. Culture is professional, but quiet.
Commented in January 23, 2024
18
2

Education Loan Servicing Overview

Website
www.xlservicing.com
Founded In
2003
Employees
<25 employees
Industry
Financial Services
Headquarter Address
1500 W 3rd St Cleveland Ohio OH 44113
Revenue
<$5 Million
Phone Number
+1 2167068130
Social Media
About Education Loan Servicing
Xpress Loan Servicing, a member company of CIT Group, Inc. (NYSE: CIT), is a national loan servicer of Federal Consolidation, Stafford and Parent Loan For Undergraduate Students (PLUS) loans. We are dedicated to providing students, schools and families with complete solutions to all their loan servicing needs. Based in Cleveland, Ohio, Xpress Loan Servicing is an affiliate of national student loan

What Benefits Does Education Loan Servicing Offer Beyond Salary?

A competitive compensation package is more than just a salary. Education Loan Servicing offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Cleveland?

Understanding the cost of living near Cleveland is key to truly evaluating a salary offer or your current compensation at Education Loan Servicing.
Cleveland's Cost of Living Index is approximately 77.5 (22.5% less expensive than US average; 14.6% less than OH average). Major city on Lake Erie, medical hub, very affordable housing. RTA bus/rail. When planning your budget based on a salary from Education Loan Servicing, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $850 - $1,300+ A significant portion of Education Loan Servicing salary. Location choices impact this heavily.
Utilities (Basic) $150 - $240 Electricity, Heating, Cooling, Water etc.
Public Transportation $95 (RTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $370 - $550 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,155 - $3,385+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Education Loan Servicing

1. What is the typical salary range (low to high) for most roles at Education Loan Servicing?

The typical annual salary range for most roles at Education Loan Servicing is approximately from $77,084 to $99,575. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Education Loan Servicing pay compared to Tower Administrative Services Inc?

The average annual salary at Education Loan Servicing is $87,875, or an hourly wage of $42, in comparison to Tower Administrative Services Inc which pays $87,801 per year or $42 per hour.

3. How does experience level affect salary at Education Loan Servicing?

Experience level is a significant factor in determining salary at Education Loan Servicing, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Education Loan Servicing in Cleveland is fair given the local cost of living?

To determine if a salary offer from Education Loan Servicing in Cleveland is fair, first compare the gross salary to our data for similar roles at Education Loan Servicing and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cleveland" to understand its purchasing power.

5. Are the salaries listed for Education Loan Servicing on Salary.com pre-tax or after-tax?

All salary figures displayed for Education Loan Servicing, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.

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