Post job

Student loan correspondent education requirements

Updated January 8, 2025
4 min read

There are several educational requirements to become a student loan correspondent. Student loan correspondents usually study business, journalism, or communication. 60% of student loan correspondents hold a bachelor's degree, and 15% hold an high school diploma. We analyzed 897 real student loan correspondent resumes to see exactly what student loan correspondent education sections show.

The most common colleges for student loan correspondents are the University of Scranton and the University of Scranton.

There are also many online student loan correspondent courses to help get the education required to be a student loan correspondent.

What education do you need to become a student loan correspondent?

What degree do you need to be a student loan correspondent?

The most common degree for student loan correspondents is bachelor's degree, with 60% of student loan correspondents earning that degree. The second and third most common degree levels are high school diploma degree at 15% and high school diploma degree at 13%.
  • Bachelor's, 60%
  • High School Diploma, 15%
  • Associate, 13%
  • Master's, 5%
  • Other Degrees, 7%

What should I major in to become a student loan correspondent?

You should major in business to become a student loan correspondent. 19% of student loan correspondents major in business. Other common majors for a student loan correspondent include journalism and communication.

Most common colleges for student loan correspondents

Student loan correspondents often get their degrees at University of Scranton, Boston University, and Wake Forest University. Here are the most common colleges for student loan correspondents in the US based on their resumes.
Student loan correspondent common collegePercentages
University of Scranton17.24%
Boston University10.34%
Wake Forest University6.90%
Brigham Young University6.90%
Virginia Commonwealth University6.90%

Best majors for student loan correspondents

RankMajorPercentages
1Business19.2%
2Journalism15.4%
3Communication11.5%
4Psychology7.7%
5Accounting6.4%

Best colleges for student loan correspondents

The best colleges for student loan correspondents are Northwestern University, University of Rochester, and Vanderbilt University.

A student loan correspondent with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for student loan correspondents. 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 student loan correspondents.

1. Massachusetts Institute of Technology

Cambridge, MA • Private

In-state tuition

$51,832

Enrollment

4,550

2. Harvard University

Cambridge, MA • Private

In-state tuition

$50,420

Enrollment

7,582

3. University of Pennsylvania

Philadelphia, PA • Private

In-state tuition

$55,584

Enrollment

10,764

4. Princeton University

Princeton, NJ • Private

In-state tuition

$50,340

Enrollment

5,301

5. Georgetown University

Washington, DC • Private

In-state tuition

$54,104

Enrollment

7,089

6. Northwestern University

Evanston, IL • Private

In-state tuition

$54,568

Enrollment

8,451

7. University of Notre Dame

Notre Dame, IN • Private

In-state tuition

$53,391

Enrollment

8,568

8. University of Chicago

Chicago, IL • Private

In-state tuition

$58,230

Enrollment

6,600

9. University of California - Los Angeles

Los Angeles, CA • Private

In-state tuition

$13,226

Enrollment

31,568

10. Johns Hopkins University

Baltimore, MD • Private

In-state tuition

$53,740

Enrollment

5,567

20 best online courses for student loan correspondents

Advertising disclosure

1. Bank Loan Approval Prediction With Artificial Neural Nets

coursera

In this hands-on project, we will build and train a simple deep neural network model to predict the approval of personal loan for a person based on features like age, experience, income, locations, family, education, exiting mortgage, credit card etc. By the end of this project, you will be able to: - Understand the applications of Artificial Intelligence and Machine Learning techniques in the banking industry - Understand the theory and intuition behind Deep Neural Networks - Import key Python...

2. Accounting Data Analytics with Python

coursera

This course focuses on developing Python skills for assembling business data. It will cover some of the same material from Introduction to Accounting Data Analytics and Visualization, but in a more general purpose programming environment (Jupyter Notebook for Python), rather than in Excel and the Visual Basic Editor. These concepts are taught within the context of one or more accounting data domains (e.g., financial statement data from EDGAR, stock data, loan data, point-of-sale data). The...

3. Become a Mortgage Loan Processor

udemy
4.6
(3,074)

Finibi Mortgage CEO, Joe Correa, teaches you how to become a mortgage loan processor...

4. Advanced Mortgage Loan Processor: Essential Skills Training

udemy
4.5
(764)

Finibi Mortgage CEO, Joe Correa, teaches you how to take your mortgage loan processor career to the next level...

5. Loan Processor & MLO Mortgage Math: Problems & Solutions

udemy
4.7
(271)

Mortgage skills training and SAFE Mortgage Loan Originator Licensing Exam math prep with 115 problems & solutions...

6. The Business Loan Formula

udemy
4.5
(488)

Learn how the business lending process works, including what types of information lenders are looking at and why!...

7. Financial Accounting & Excel-Comprehensive Accounting Course

udemy
4.3
(736)

Comprehensive accounting course to learn the accounting cycle in a practical way and pick up critical Excel fundamentals...

8. How to Become a Mobile Notary and Loan Signing Agent

udemy
4.4
(2,960)

Learn how to make over six figures as a Real Estate Loan Signing Agent and Mobile Notary...

9. Become a Notary Loan Signing Agent

udemy
4.9
(311)

Learn 27 NSA terms, learn 35 documents typically used in a loan signing, common types of signing packages, and more!...

10. The Ultimate Guide to Becoming a Notary Loan Signing Agent

udemy
4.6
(521)

Step-By-Step Blueprint on Creating a Thriving Mobile Notary Loan Signing Agent Business in Under 30 Days...

11. Advanced Financial Accounting: Acquisitions & Consolidations

udemy
4.1
(703)

Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...

12. Start a Profitable Career as a Mortgage Loan Originator

udemy
4.3
(371)

Learn from the president and CEO of Finibi Mortgage, Joe Correa, how the entire mortgage process works...

13. Mastering the Pre-qualification Process of a Mortgage Loan

udemy
4.3
(257)

CEO and Founder of Finibi Mortgage teaches you how to pre-qualify borrowers from start to finish...

14. Financial Accounting-Debits & Credits-Accounting Transaction

udemy
4.5
(781)

Masterclass: Learn Accounting Principles, Financial Statements, Transactions & More in this Comprehensive Course...

15. Crypto Trading Execution with Flash Loans, Web3 and Hardhat

udemy
4.6
(496)

Reduce risk on Arbitrage with Uniswap and Pancake Swap Flash Swap smart contracts. Learn to interact with the blockchain...

16. Bookkeeping Basics Explained (Bookkeeping & Accounting)

udemy
4.5
(1,845)

Bookkeeping and accounting explained. Bookkeeping and accounting basics is easy. Simple Bookkeeping and accounting...

17. Accounting 101 - The Principles Of Accounting

udemy
4.4
(647)

The Easiest Course In Accounting!...

18. How to Become a Loan Signing Agent & Remote Online Notary

udemy
4.7
(825)

Learn how to become a profitable signing agent and RON step by step A to Z...

19. Accounting, Bookkeeping & Financial Analysis (Accounting)

udemy
4.5
(521)

Accounting & Bookkeeping Basics. Accounting & Financial Analysis Concepts. Learn Accounting & Bookkeeping...

20. Financial Bookkeeping and Accountancy: Complete Accounting

udemy
4.3
(501)

A Complete Course on Book-keeping & Accounting Course For Level 1 & 2 aspirants...

Top 10 most affordable universities for student loan correspondents

The most affordable schools for student loan correspondents are Baruch College of the City University of New York, brooklyn college of the city university of new york, and brigham young university.

If the best universities for student loan correspondents 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 student loan correspondents.

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. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

3. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

4. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

5. Purdue University

West Lafayette, IN • Private

In-state tuition

$9,992

Cost of attendance

22,430

6. Minot State University

Minot, ND • Private

In-state tuition

$7,064

Cost of attendance

15,576

7. Queens College of the City University of New York

Queens, NY • Private

In-state tuition

$7,338

Cost of attendance

14,281

8. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

9. Brigham Young University - Hawaii

Laie, HI • Private

In-state tuition

$5,560

Cost of attendance

18,043

10. SUNY Polytechnic Institute

Utica, NY • Private

In-state tuition

$8,238

Cost of attendance

21,567

Top 10 hardest universities to get into for student loan correspondents

The hardest universities for student loan correspondents to get into are Northwestern University, University of Rochester, and Vanderbilt University.

Some great schools for student loan correspondents 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 student loan correspondents 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 Rochester

Rochester, NY • Private

Admissions rate

29%

SAT average

1,422

3. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

4. University of Tulsa

Tulsa, OK • Private

Admissions rate

41%

SAT average

1,321

5. Johns Hopkins University

Baltimore, MD • Private

Admissions rate

11%

SAT average

1,513

6. Loyola Marymount University

Los Angeles, CA • Private

Admissions rate

47%

SAT average

1,321

7. Southern Methodist University

Dallas, TX • Private

Admissions rate

51%

SAT average

1,395

8. SUNY at Binghamton

Vestal, NY • Private

Admissions rate

40%

SAT average

1,376

9. Boston College

Chestnut Hill, MA • Private

Admissions rate

28%

SAT average

1,429

10. Clemson University

Clemson, SC • Private

Admissions rate

47%

SAT average

1,337

Top 10 easy-to-apply-to universities for student loan correspondents

The easiest schools for student loan correspondents to get into are Saint Joseph's College of Maine, university of north texas at dallas, and la roche college.

Some schools are much easier to get into. If you want to start your career as a student loan correspondent 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 student loan correspondents.

1. Saint Joseph's College of Maine

Standish, ME • Private

Admissions rate

84%

SAT average

1,069

2. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

3. La Roche College

Pittsburgh, PA • Private

Admissions rate

99%

SAT average

1,008

4. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

5. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

6. Linfield College

McMinnville, OR • Private

Admissions rate

81%

SAT average

1,117

7. Kean University

Union, NJ • Private

Admissions rate

86%

SAT average

991

8. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

9. Ottawa University

Ottawa, KS • Private

Admissions rate

78%

SAT average

1,024

10. Albertus Magnus College

New Haven, CT • Private

Admissions rate

58%

SAT average

931

Average student loan correspondent salary by education level

Student loan correspondents with a Master's degree earn more than those without, at $55,234 annually. With a Bachelor's degree, student loan correspondents earn a median annual income of $51,294 compared to $46,182 for student loan correspondents with an Associate degree.
Student loan correspondent education levelStudent loan correspondent salary
Master's Degree$55,234
High School Diploma or Less$45,831
Bachelor's Degree$51,294
Some College/ Associate Degree$46,182

Student loan correspondent education FAQs

Search for student loan correspondent jobs

Updated January 8, 2025

Zippia Research Team
Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Browse business and financial jobs