Financial Aid Advisor Salary

Financial Aid Advisors in the United States may have to scrimp and save; the median compensation is $39K 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 report high levels of job satisfaction. A fair number enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. Female Financial Aid Advisors are more common than men among those who completed the survey; more than half (68 percent) are women. This snapshot results from replies to PayScale's salary survey.

$28,945 - $49,623
$29K
$39K
$50K
MEDIAN: $38,557
10%
50%
90%

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$13.18 - $20.98
$13
$17
$21
MEDIAN: $17.11
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
$28,945 - $49,623  
   
Bonus
$375.00  
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).
)
$28,357 - $47,895  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 89
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
$13.18 - $20.98  
   
Overtime
$21.70 - $30.13  
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
$375.00  
   
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).
)
$28,357 - $47,895  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 68

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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 with more experience do not necessarily bring home bigger paychecks. In fact, experience in this field tends to impact compensation minimally. Relatively untried employees who have fewer than five years of experience earn around $36K on average. People who have worked for five to 10 years can expect a higher median salary of $39K. Financial Aid Advisors who work for 10 to 20 years in their occupation tend to earn about $40K. Financial Aid Advisors who have acquired more than two decades of experience generally do see greater compensation; their average income is approximately $48K.

Related Job Salaries

Key Stats for Financial Aid Advisor

Gender

Female
68 %
Male
32 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 25 votes.
Less than 1 year
3%
1-4 years
51%
5-9 years
29%
10-19 years
14%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Advisor Salaries

Late-Career
▲27%

Experienced
▲6%

▲5%

National Average
$38,000

▼5%

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 25 votes.

Gender

Female
68 %
Male
32 %

Years of Experience

Less than 1 year
3%
1-4 years
51%
5-9 years
29%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 69%
vision benefits
Vision: 61%
dental benefits
None: 19%
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