Financial Aid Advisor Salary

Financial Aid Advisors in the United States are not likely to strike it rich; they only make around $36K annually on average. Pay generally varies between $27K and $45K per year. Career duration is the biggest factor affecting pay for this group, followed by geography. For the most part, Financial Aid Advisors enjoy their work and report high levels of job satisfaction. 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. Respondents to the PayScale salary survey provided the data for this report.

$27,990 - $45,297
(Median)
$28K
$36K
$45K
MEDIAN: $36,149
10%
50%
90%

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$11.81 - $20.65
(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
$27,990 - $45,297  
   
Bonus
$0.00 - $1,019  
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).
)
$26,812 - $45,028  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 203
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
$11.81 - $20.65  
   
Overtime
$16.66 - $32.24  
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 - $1,019  
   
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).
)
$26,812 - $45,028  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 129

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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.

Financial Aid Counselor Job Listings

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Survey results show that Financial Aid Advisors typically report just a few professional skills. 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 10%

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 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 71 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
6%
1-4 years
64%
5-9 years
22%
10-19 years
6%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 77%
vision benefits Vision: 64% employee benefits None: 12%