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Financial Aid Advisor Salary

Financial Aid Advisors aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $36K annually. Pay generally varies between $27K and $45K per year. Geographic location is the biggest factor affecting pay for this group, followed by experience level. The majority of workers are highly satisfied with their job. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Men are in the minority of survey respondents, with female Financial Aid Advisors making up 76 percent. This report is based on answers to PayScale's salary questionnaire.

$27,841 - $45,385
(Median)
$28K
$36K
$45K
MEDIAN: $36,148
10%
50%
90%

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$11.87 - $20.64
(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
$27,841 - $45,385  
   
Bonus
$0.00 - $1,208  
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).
)
$26,620 - $45,076  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 197
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 - $20.64  
   
Overtime
$16.48 - $32.14  
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 - $1,208  
   
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).
)
$26,620 - $45,076  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 130
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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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Many Financial Aid Advisors move into a College Financial Aid Counselor role, which does not lead to a big boost in pay. College Financial Aid Counselors on average bring in a similar salary to Financial Aid Advisors.

Financial Aid Counselor Job Listings

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Typical Financial Aid Advisors report a focused set of job skills. Customer Service and Financial Advisor are considered valuable skills and can increase employee pay.

Related Job Salaries

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Experience Affects Financial Aid Advisor Salaries

Experienced
up arrow 10%

Mid-Career
up arrow 9%

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 65 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
6%
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: 76%
vision benefits Vision: 63% employee benefits None: 13%
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