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Financial Aid Advisor Salary

Pay for Financial Aid Advisors in the United States is very modest at just $36K per year. Earnings generally vary between $27K and $45K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most Financial Aid Advisors survey respondents are women (76 percent). Job satisfaction for Financial Aid Advisors is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$27,931 - $45,316
(Median)
$28K
$36K
$45K
MEDIAN: $36,093
10%
50%
90%

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$11.87 - $20.69
(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$16K$32K$48K
Salary
$27,931 - $45,316  
   
Bonus
$0.00 - $1,184  
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).
)
$26,808 - $45,065  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 201
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
$11.87 - $20.69  
   
Overtime
$16.48 - $32.31  
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 - $1,184  
   
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).
)
$26,808 - $45,065  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 127

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United States (change)


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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' salary tends to stay somewhat level for those who assume higher-end positions like College Financial Aid Counselor. Median pay for College Financial Aid Counselors is $33K.

Financial Aid Counselor Job Listings

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Professional skills reported by Financial Aid Advisors are few in number. Customer Service and Financial Advisor are considered valuable skills and can increase employee pay.

Related Job Salaries

United States (change)

Experience Affects Financial Aid Advisor Salaries

Mid-Career
up arrow 9%

Experienced
up arrow 7%

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%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 67 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
63%
5-9 years
23%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 77%
vision benefits Vision: 64% employee benefits None: 12%
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