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Education Loan Specialist

Lincoln Tech
Posted a month ago, valid for 18 days
Location

Boonton, NJ 07005, US

Salary

Competitive

Contract type

Full Time

Paid Time Off
Life Insurance
Disability Insurance

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Sonic Summary

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  • Lincoln Tech is hiring an Educational Loan Specialist to process internal education loan requests and follow up with schools for additional paperwork.
  • The position requires a high school diploma or GED and a minimum of 1 year of experience in a Financial Aid office, customer service, or loan processing.
  • The role involves reviewing credit applications, generating pending loan reports, and creating adverse action letters for unapproved loans.
  • Full-time benefits include medical, dental, vision, life and disability insurance, a 401(k) with company match, paid time off, and growth opportunities.
  • Lincoln Tech has been a leading provider of career training for 80 years and is an Equal Opportunity and Affirmative Action Employer.

Lincoln Tech is seeking an Educational Loan Specialist to handle the processing of all internal education loan requests. In addition, you would be responsible for follow up with the schools, to obtain additional paperwork and cosigners, and to resolve any pending loan requests.

Requirements

  • HS Diploma or GED
  • Minimum of 1 year industry experience working in a Financial Aid office, customer service, or loan processing environment

Preferred:

  • Associates degree

Responsibilities

  • Reviews all incoming credit applications and renders credit decisions within Lincoln's standard 72-hour processing period.
  • Generates Pending Loan Reports and assists schools with follow up until a final decision is rendered.
  • Creates and mails Adverse Action letters to applicants whose loan requests cannot be approved.
  • Maintains an accurate database of all loan activity for periodic management review.
  • Provides Loan Process training to new Financial Aid staff, as needed.

Full-Time Benefits

  • Medical, Dental, Vision
  • Life and Disability Insurance
  • 401(k) with Company Match
  • Paid Time Off and Holidays
  • Growth Opportunities

About Us

For 80 years Lincoln Tech has been one of the nation's leading providers of career training in Healthcare, Automotive/Diesel, Skilled Trades, Information Technology.

Lincoln Tech is an Equal Opportunity and Affirmative Action Employer. 

  • Email: careers@lincolntech.edu
  • Website: www.lincolntech.edu/careers



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