Posted by William Buzzell on March 13, 2002 at 15:15:48:
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.