Financial Aid Advisor Salary

Financial Aid Advisors in the United States can expect only a modest salary, with average pay of just $36K annually. The bottom of the pay range sits near $26K, and the top verges on $45K per year. Geography is the biggest factor affecting pay for this group, followed by career duration. Most workers in this position report high levels of job satisfaction. Female Financial Aid Advisors make up most of the survey respondents at 78 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to a majority.

$27,488 - $44,793
(Median)
$27K
$36K
$45K
MEDIAN: $36,141
10%
50%
90%

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$12.00 - $20.65
(Median)
$12
$16
$21
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15K$30K$45K
Salary
$27,488 - $44,793  
   
Bonus
$0.00 - $1,192  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,460 - $44,585  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 187
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$11$22$33
Hourly Rate
$12.00 - $20.65  
   
Overtime
$18.11 - $32.22  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$22K$44K$66K
Bonus
$0.00 - $1,192  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$26,460 - $44,585  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 129
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Job Description for Financial Aid Advisor

Financial aid advisors are employed primarily by colleges, universities, and even some private secondary and "prep" schools. It is the job of these specialized counselors to assist students and families in finding the means to pay for educational services and matching appropriate aid programs, as well as completing and filing necessary paperwork. These advisors also inform students of new programs, scholarships, loans, and grant programs for which the student/s may qualify.

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Financial Aid Advisor Tasks

  • Coordinate and administer financial aid appeals.
  • Package, award, and disburse funds to students.
  • Assist in the review of students' financial aid applications.
  • Counsel students and parents about self-help financial aid programs, eligibility requirements, and application processes.
  • Plan and perform financial aid workshops to staff and students.

Common Career Paths for Financial Aid Advisor


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Financial Aid Advisors who transition into an upper level College Financial Aid Counselor position will not necessarily make much more than they do in their current role. The average College Financial Aid Counselor makes $33K a year.

Financial Aid Counselor Job Listings

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Job skills reported by Financial Aid Advisors are limited. Those who have experience with Customer Service, Federal Grants, and Financial Advisor can expect to be compensated well for these skills.

Related Job Salaries

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Experience Affects Financial Aid Advisor Salaries

Experienced
up arrow 10%

Mid-Career
up arrow 8%

National Average
$35,000

Entry-Level
up arrow 2%

Skills That Affect Financial Aid Advisor Salaries

Customer Service
up arrow 1%

National Average
$35,000

Financial Advisor
up arrow 1%

Federal Grants
up arrow 1%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 60 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
6%
1-4 years
62%
5-9 years
24%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 75%
vision benefits Vision: 63% employee benefits None: 14%
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