Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Consumer loan officer education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become a consumer loan officer. Consumer loan officers usually study business, finance, or accounting. 66% of consumer loan officers hold a bachelor's degree, and 17% hold an associate degree. We analyzed 1,050 real consumer loan officer resumes to see exactly what consumer loan officer education sections show.
The most common colleges for consumer loan officers are the University of Wisconsin - Stevens Point and the University of Wisconsin - Stevens Point.
There are also many online consumer loan officer courses to help get the education required to be a consumer loan officer.
What education do you need to become a consumer loan officer?
What degree do you need to be a consumer loan officer?
- Bachelor's, 66%
- Associate, 17%
- High School Diploma, 8%
- Master's, 5%
- Other Degrees, 4%
What should I major in to become a consumer loan officer?
- Business, 40%
- Finance, 16%
- Accounting, 8%
- Marketing, 5%
- Other Majors, 31%
Most common colleges for consumer loan officers
| Consumer loan officer common college | Percentages |
|---|---|
| University of Wisconsin - Stevens Point | 9.18% |
| Western Washington University | 8.16% |
| University of Phoenix | 8.16% |
| University of Iowa | 8.16% |
| Weber State University | 7.14% |
Best majors for consumer loan officers
| Rank | Major | Percentages |
|---|---|---|
| 1 | Business | 40.4% |
| 2 | Finance | 16.0% |
| 3 | Accounting | 8.3% |
| 4 | Marketing | 4.6% |
| 5 | Economics | 3.3% |
Best colleges for consumer loan officers
The best colleges for consumer loan officers are Northwestern University, University of Pennsylvania, and Stanford University.
A consumer loan officer with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for consumer loan officers. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become consumer loan officers.
1. University of Pennsylvania
Philadelphia, PA • Private
In-state tuition
$55,584
Enrollment
10,764
2. Northwestern University
Evanston, IL • Private
In-state tuition
$54,568
Enrollment
8,451
3. University of Southern California
Los Angeles, CA • Private
In-state tuition
$56,225
Enrollment
19,548
4. SUNY at Binghamton
Vestal, NY • Private
In-state tuition
$9,808
Enrollment
13,990
5. Villanova University
Villanova, PA • Private
In-state tuition
$53,308
Enrollment
6,819
6. San Diego State University
San Diego, CA • Private
In-state tuition
$7,488
Enrollment
30,018
7. Bentley University
Waltham, MA • Private
In-state tuition
$49,880
Enrollment
4,177
8. Boston University
Boston, MA • Private
In-state tuition
$53,948
Enrollment
17,238
9. SUNY Stony Brook
Stony Brook, NY • Private
In-state tuition
$9,625
Enrollment
17,407
10. New York University
New York, NY • Private
In-state tuition
$51,828
Enrollment
26,339
20 best online courses for consumer loan officers
Advertising disclosure
1. GST - Using input tax credit
GST, if applicable, can be paid in cash or through the utilization of input tax credit, also commonly known as ITC. In this course, you will learn about the concept of the input tax credit, conditions , and restrictions on availing and utilizing ITC, legal requirements and procedures for reconciliation of ITC , and the concept of distribution of ITC. Input tax credits, along with valuations, play an important role in the pricing of goods and services. This course provides a platform for...
2. Banking Credit Analysis Process (for Bankers)
Course for Bankers, Consultants and managers to Understand Credit Analysis Process from Indian Context...
3. Credit Repair: The Total Guide to a Great Credit Score
Credit Repair: A step-by-step plan to begin improving your credit within one hour of starting! Over 7,000 students!...
4. Intro to Commercial Credit Analysis, Credit Risk and Lending
Commercial Credit Underwriting Lending & Commercial Credit Financial Analysis Credit Risk Foundations...
5. The Credit Analyst Training course
Learn the complete Credit Risk Analysis skills for jobs in Banks, Asset Management & Credit Rating Agencies...
6. Financial Accounting-Debits & Credits-Accounting Transaction
Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...
7. #1 Kick A#S Credit Repair Course - Fully Loaded 150+ Letters
Step By Step Course With 150+ Dispute Letter Templates, Dispute Flowchart,Diy Credit Repair Workbook, Ebooks And More!...
8. Option Spreads and Credit Spreads Bundle
This 2-course bundle on Option spreads and Credit Spreads surgery is the bedrock of stable Monthly Strategies...
9. Step-by-Step Guide to Getting the Business Credit You Need
The most comprehensive, step-by-step course to set up any business with credit...
10. Get Credit for Your EIN That's Not Linked to Your SSN
How to Get Credit for Your Business Regardless of Cash Flow, Consumer Credit Quality, or Collateral...
11. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
12. Financial Accounting & Excel-Comprehensive Accounting Course
Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...
13. Credit Risk Modeling in Python
A complete data science case study: preprocessing, modeling, model validation and maintenance in Python...
14. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
15. U.S. Residential Real Estate, Property & Mortgage Business
Property & Mortgage Underwriting Loan Processing Financial Analysis Mortgage Operations Origination...
16. Advanced Mortgage Loan Processor: Essential Skills Training
Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...
17. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
18. Credit Card Security Basics
This brief course is designed to meet the PCI DSS requirements of frontline staff who handle payment cards...
19. 3-in-1 Banking, Banking Risk and Compliance Masterclass
The essentials of the banking business (business model, compliance, others), financial risk management and compliance...
20. Become a Mortgage Loan Processor
Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...
Top 10 most affordable universities for consumer loan officers
The most affordable schools for consumer loan officers are Baruch College of the City University of New York, suny farmingdale, and usf sarasota-manatee.
If the best universities for consumer loan officers are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for consumer loan officers.
1. Baruch College of the City University of New York
New York, NY • Private
In-state tuition
$7,262
Cost of attendance
14,046
2. SUNY Farmingdale
Farmingdale, NY • Private
In-state tuition
$8,306
Cost of attendance
16,091
3. USF Sarasota-Manatee
Sarasota, FL • Private
In-state tuition
$5,587
Cost of attendance
13,043
4. Brooklyn College of the City University of New York
Brooklyn, NY • Private
In-state tuition
$7,240
Cost of attendance
13,991
5. California State University - Dominguez Hills
Carson, CA • Private
In-state tuition
$6,942
Cost of attendance
14,469
6. Brigham Young University
Provo, UT • Private
In-state tuition
$5,620
Cost of attendance
18,136
7. California State University - Bakersfield
Bakersfield, CA • Private
In-state tuition
$7,309
Cost of attendance
16,714
8. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
9. Florida International University
Miami, FL • Private
In-state tuition
$6,556
Cost of attendance
19,434
10. University of Puerto Rico - Mayaguez
Mayaguez, PR • Private
In-state tuition
$4,094
Cost of attendance
14,302
Top 10 hardest universities to get into for consumer loan officers
The hardest universities for consumer loan officers to get into are Northwestern University, University of Pennsylvania, and Stanford University.
Some great schools for consumer loan officers are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for consumer loan officers based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.
1. Northwestern University
Evanston, IL • Private
Admissions rate
8%
SAT average
1,508
2. University of Pennsylvania
Philadelphia, PA • Private
Admissions rate
8%
SAT average
1,492
3. Stanford University
Stanford, CA • Private
Admissions rate
4%
SAT average
1,497
4. University of Southern California
Los Angeles, CA • Private
Admissions rate
13%
SAT average
1,445
5. Boston University
Boston, MA • Private
Admissions rate
22%
SAT average
1,420
6. New York University
New York, NY • Private
Admissions rate
20%
SAT average
1,419
7. Villanova University
Villanova, PA • Private
Admissions rate
29%
SAT average
1,407
8. Vanderbilt University
Nashville, TN • Private
Admissions rate
10%
SAT average
1,514
9. Bentley University
Waltham, MA • Private
Admissions rate
43%
SAT average
1,338
10. George Washington University, The
Washington, DC • Private
Admissions rate
42%
SAT average
1,380
Top 10 easy-to-apply-to universities for consumer loan officers
The easiest schools for consumer loan officers to get into are Oklahoma Wesleyan University, holy names university, and barry university.
Some schools are much easier to get into. If you want to start your career as a consumer loan officer without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for consumer loan officers.
1. Oklahoma Wesleyan University
Bartlesville, OK • Private
Admissions rate
68%
SAT average
964
2. Holy Names University
Oakland, CA • Private
Admissions rate
70%
SAT average
849
3. Barry University
Miami, FL • Private
Admissions rate
91%
SAT average
1,006
4. Notre Dame College
Cleveland, OH • Private
Admissions rate
90%
SAT average
994
5. University of North Texas at Dallas
Dallas, TX • Private
Admissions rate
83%
SAT average
992
6. La Roche College
Pittsburgh, PA • Private
Admissions rate
99%
SAT average
1,008
7. Holy Family University
Philadelphia, PA • Private
Admissions rate
72%
SAT average
1,017
8. Saint Joseph's College of Maine
Standish, ME • Private
Admissions rate
84%
SAT average
1,069
9. Ottawa University
Ottawa, KS • Private
Admissions rate
78%
SAT average
1,024
10. LIM College
New York, NY • Private
Admissions rate
83%
SAT average
1,061
Average consumer loan officer salary by education level
| Consumer loan officer education level | Consumer loan officer salary |
|---|---|
| Master's Degree | $99,414 |
| High School Diploma or Less | $83,491 |
| Bachelor's Degree | $92,766 |
| Some College/ Associate Degree | $84,088 |
Consumer loan officer education FAQs
Have more questions? See all answers to common business and financial questions.
Search for consumer loan officer jobs
Updated January 8, 2025
Updated January 8, 2025