How Long Does It Take, What Degree Do You Need, and More
Loan Counselors provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
What degree do you need
High School Diploma
One of the most common questions that we always get is what major or degree do I need to become Loan Counselors or what courses do I need to take.
We also asked Loan Counselors what did they major in college or university and here are the top 5 most popular majors that came up.
|Banking and Financial Support Services|
|Financial Planning and Services|
The majority of Loan Counselors typically enter the occupation with a Bachelor’s Degree in Finance, business administration or a related field.
How hard is it
You will need a considerable amount of work-related skill, knowledge or experience to be a Loan Counselor. For example, an accountant must complete 4 years of college and work for several years in accounting to be considered qualified.
Careers in this difficulty category will usually need several years of work-related experience, on-the-job training, and/or vocational training. These careers usually involve coordinating, supervising, managing, or training others. Similar careers include sales managers, database administrators, chemists, and art directors.
License and certifications
We asked other Loan Counselors if they could only have 5 skills, what would they be. Here is what they said.
Just like any other job, you will need certain know-hows to excel at your job. Loan Counselors are generally very knowledgeable in these 5 key areas.
Related to Loan Counselors Requirements
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