Financial Aid Advisors in the United States may have to scrimp and save; the median compensation is $39K annually. Experience level is the biggest factor affecting pay for this group, followed by geography. A strong majority report receiving medical coverage from their employers and a majority collect dental insurance. The majority of workers are highly satisfied with their job. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$28,835 - $49,334
$29K
$39K
$49K
MEDIAN: $38,640
10%
50%
90%

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$13.70 - $21.38
$14
$17
$21
MEDIAN: $17.45
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
$28,835 - $49,334  
   
Bonus
$750  
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).
)
$28,839 - $47,897  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 96
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
$13.70 - $21.38  
   
Overtime
$22.12 - $30.64  
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
$750  
   
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).
)
$28,839 - $47,897  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 71

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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.

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Pay by Experience Level for Financial Aid Advisor

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Financial Aid Advisors do not generally earn higher incomes from more experience in the field. Relatively untried employees who have fewer than five years of experience earn around $37K on average. People who have worked for five to 10 years can expect a higher median salary of $40K. The average pay reported by folks with 10 to 20 years of experience is around $40K. Veterans who have acquired more than 20 years report a median income of $48K, which is generally higher than the pay reported by other tenure groups.

Related Job Salaries

Key Stats for Financial Aid Advisor

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.
049
Less than 1 year
3%
1-4 years
50%
5-9 years
31%
10-19 years
14%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Advisor Salaries

Late-Career
up arrow 25%

Experienced
up arrow 5%

Mid-Career
up arrow 4%

National Average
$38,000

Entry-Level
up arrow 4%

Skills That Affect Financial Aid Advisor Salaries

Financial Advisor
0%

National Average
$38,000


Federal Grants
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 28 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
3%
1-4 years
50%
5-9 years
31%
10-19 years
14%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 66%
vision benefits
Vision: 62%
dental benefits
None: 20%
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