Education Financing & Debt Management Specialist

Association of American Medical Colleges; Washington (District of Columbia); Hybrid; USD 70,000 - 83,000; Full time

Benefits offered by this job

Hybrid Work

Comprehensive Health & Wellness

Generous Time Away

Retirement & Financial Well-Being

Family & Care Support

Learning & Purpose

Job summary

The Association of American Medical Colleges (AAMC) seeks a professional to support its private loan program and vendor operations. The role collaborates with the OSFS and external stakeholders to align loan product offerings with medical school financial aid providers.

Strong knowledge of debt management resources is expected. The position offers remote work eligibility across the contiguous US, with a compensation range of $70,465 to $82,900 and a focus on education financing and student

Qualifications

• Bachelor's degree required.
• 5-7 years of related work experience.
• At least four (4) years in higher education financial aid, student lending, or financial services.

Responsibilities

• Support private loan program and vendor operations, including communication with vendor and managing the collaboration mailbox.
• Coordinate Advisory Committee meetings and align input with vendor implementation plans.
• Assist with development of educational resources on debt management and financial wellness for medical school professionals.

Education

Bachelor's degree

Job description

Who We Are:

The Association of American Medical Colleges is a not-for-profit association dedicated to transforming health care by supporting the entire spectrum of medical education, medical research, and patient care conducted by our member institutions. We are dedicated to the communities we serve and steadfast in our goal to improve the health of all.

At the AAMC, we are committed to supporting our employees with a comprehensive and competitive benefits package designed to promote well-being, professionaldevelopment,and work-life balance.

• HybridWork - Primarily remote roles with the ability to work across the U.S.
• Comprehensive Health & Wellness - Medical, dental, and vision coverage; wellness programs; and fitness reimbursement
• Generous Time Away - Paid time off, holidays, personaldays, sickleave, paidparental leaveand shortand longterm disabilitybenefits.
• Retirement & Financial Well-Being - 403(b) retirementplan with generous employer contributions and financial planning resources
• Family & Care Support - Backup care for children, elders, and pets, plus resources for families with specialized needs
• Learning & Purpose: Tuition reimbursement, professionallearning and developmentopportunitiesand the chance to advance a meaningful mission.

Additional information can be found on our website.

Why us, why now?

Support all operational aspects of the organization's private lender collaboration that provides education financing options for medical students that need them. Provide primary support in establishing the collaboration Advisory Committee of external stakeholders to inform loan program strategy and ensure alignment with the evolving needs of private student loan borrowers. Monitors and interprets program data, metrics, and benchmarks to support progress toward objectives and contract deliverables. Collaborates with Office of Student Financial Services (OSFS) colleagues to support the development of timely educational resources on debt management, financial wellness, education financing and credit topics and coordinates communications to promote awareness of and engagement with these resources by medical school financial aid professionals.

How you will make an impact?

Private Loan Program & Vendor Operations

• Support the AAMC private loan collaboration, including facilitating communication and coordination with vendor and managing the collaboration mailbox via writing, editing, and timely engagement.
• Partner with team and unit Director to ensure vendor activities are mission-aligned, including webinars and programming that inform medical school borrowers and financial aid professionals of partnership product offerings.
• Liaise with vendor and with internal stakeholders to ensure coordinated marketing activities and communications, organizational brand alignment, and timely dissemination of program information.
• Support future Advisory Committee activities designed to bring school financial aid perspective to the partnership loan product and its related marketing and communications efforts.
• Establish and maintain a regular cadence of Advisory Committee meetings, including agenda setting, meeting facilitation, and follow-up on action items.
• Support efforts to align Advisory Committee input and recommendations with vendor implementation plans.
• Coordinate vendor activities associated with AAMC conferences, including panel discussions, exhibiting and attendee engagement.
• Maintain awareness of private student loan landscapes, including details of medical student-specific loans offered by other lenders.

FIRST Program & Debt Management Operations

• Working with OSFS colleagues, assist with the review of all existing online FIRST resources to ensure they convey timely and accurate information; support development of new resources as needed, particularly private loan education and credit counseling resources.
• Support unit communications efforts and management of the quarterly FIRST newsletter, relevant Virtual Communities, and the FIRST mailbox via editing, writing, and timely engagement.
• Act as a primary contact for content and details of the AAMC Financial Wellness program, demonstrating sound content knowledge in communications with medical school financial aid professionals.
• Develop expertise in loan repayment scenarios including use of Med Loans Organizer and Calculator and how to interpret its results for borrowers with both federal and private loans.
• Confer with OSFS colleagues to maintain awareness of big-picture trends and emerging developments on all topics related to medical school cost, debt, and the financial aid landscape.

What you will bring to the role

Required Qualifications

• Bachelor' s degree required.
• 5-7 years of related work experience
• At least four (4) years of the required professional experience must be in higher education financial aid, student lending, student financial assistance, student loan servicing or financial services industry.
• Ability to attend selected national conferences throughout the year

Preferred Experience

• Prior experience in financial aid administration within a medical school or other health professions school setting, and/or the student lending industry or a related financial services sector, is strongly preferred.
• Equivalent or transferable professional experience will also be considered.

Certifications

Accredited Financial Counselor (AFC) designation is a plus.

Remote Work Eligibility

This position is eligible for remote work in the contiguous US

Compensation Grade Range

$70,465.00-$82,900.00

Multiple factors are taken into consideration to arrive at the final hourly rate/annual salary to be offered to the selected candidate. Factors may include, but are not limited to, the scope and responsibilities of the role, the selected candidate's work experience, education and training, as well as internal equity, market, and business considerations.

If a bachelor's degree is required, related work experience may be substituted in some positions. One year of college course work at an accredited institution is equivalent to one year of related work experience.

The AAMC is an Equal Opportunity Employer. The AAMC is committed to an Equal Employment Opportunity policy in recruitment, hiring, career advancement, and all other personnel practices. The AAMC will not discriminate on the basis of race, color, sex, national origin, religion, age, marital status, personal appearance, sexual orientation, gender identity or expression, family responsibilities, matriculation, political affiliation, genetic information, disability, past or current military service, or any other legally protected characteristic. The AAMC is committed to the full inclusion of all qualified individuals. As part of this commitment, the AAMC will ensure that people with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, perform essential job functions, and/or receive other benefits and privileges of employment.