The level of education has very little to do with the approval or disapproval of a loan. Lenders look at a borrowers income, debt, credit, and the value of the property. As far as a mortgage lender is concerned length of time on the job or in a particular line of work or profession is more important than a college degree. When I prepare a loan package for submittal to lenders for my clients I never put years of school on the application.
That being said, as far as future income and job advancement is concerned, nothing can take the place of a good education.
Do banks/lenders care about formal education levels of borrowers, or does that not come into play at all? Would highly educated newbies have an advantage over other newbies with the same work experiences? Should resumes be a part of the business plan when trying to borrow? Thanks.