Financial Aid Advisor Salary

Financial Aid Advisors in the United States can expect only a modest salary, with average pay of just $39K per year. Lower pay rates hover around $29K, and the higher rates verge on $49K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. The majority of Financial Aid Advisors (67 percent) who took the survey are women. In this profession, a fair number enjoy medical and dental coverage, and the greater part have vision insurance, as well.

$28,920 - $50,417
$29K
$39K
$50K
MEDIAN: $38,860
10%
50%
90%

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$13.51 - $21.14
$14
$17
$21
MEDIAN: $17.28
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$17K$34K$51K
Salary
$28,920 - $50,417  
   
Bonus
$0.00  
Profit Sharing
$3,500  
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).
)
$28,675 - $48,783  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 92
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$11$22$33
Hourly Rate
$13.51 - $21.14  
   
Overtime
$21.85 - $30.81  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$22K$44K$66K
Bonus
$0.00  
   
Profit Sharing
$3,500  
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).
)
$28,675 - $48,783  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 70

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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

  • 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.
  • Assist in the review of students' financial aid applications.
  • Coordinate and administer financial aid appeals.
  • Package, award, and disburse funds to students.

Financial Aid Counselor Job Listings

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Pay by Experience Level for Financial Aid Advisor

Pay by Experience for a Financial Aid Advisor has a positive trend. An entry-level Financial Aid Advisor with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 98 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $39,000 based on 51 salaries. An experienced Financial Aid Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 23 salaries. A Financial Aid Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 5 salaries.

Related Job Salaries

Key Stats for Financial Aid Advisor

Gender

Female
67 %
Male
33 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.
Less than 1 year
3%
1-4 years
50%
5-9 years
29%
10-19 years
15%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Advisor Salaries

Late-Career
▲26%

Experienced
▲6%

▲4%

National Average
$38,000

▼6%

Skills That Affect Financial Aid Advisor Salaries

Financial Advisor
▼0%

National Average
$38,000


Federal Grants
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
3%
1-4 years
50%
5-9 years
29%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 73%
vision benefits
Vision: 65%
no benefits
None: 16%
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