Financial Aid Advisors in the United States can expect only a modest salary, with average pay of just $38K annually. Career length is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is high and work is enjoyable for most Financial Aid Advisors. Although between a fifth and a fourth lack health benefits of any kind, a strong majority do enjoy medical insurance, and the greater part get dental coverage, too. Most Financial Aid Advisors survey respondents are women (72 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$28,907 - $48,661
(Median)
$29K
$38K
$49K
MEDIAN: $38,068
10%
50%
90%

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$13.18 - $21.53
(Median)
$13
$18
$22
MEDIAN: $17.00
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
$28,907 - $48,661  
   
Bonus
$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).
)
$28,422 - $47,265  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 94
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 - $21.53  
   
Overtime
$22.51 - $32.44  
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
$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).
)
$28,422 - $47,265  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 75
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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.

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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.


For Financial Aid Advisors, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. The average inexperienced worker's salary is approximately $36K, and people with five to 10 years of experience bring in more at around $39K on average. On average, Financial Aid Advisors make $42K following one to two decades on the job. In the end, more experience does seem to mean larger paychecks; seasoned Financial Aid Advisors with more than 20 years of experience earn a predictably higher median salary of $48K.

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Experience Affects Financial Aid Advisor Salaries

Late-Career
up arrow 26%

Experienced
up arrow 10%

Mid-Career
up arrow 4%

National Average
$38,000

Entry-Level
up arrow 4%

Skills That Affect Financial Aid Advisor Salaries

Financial Advisor
up arrow 1%

Customer Service
0%

National Average
$38,000

Federal Grants
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 31 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
2%
1-4 years
50%
5-9 years
31%
10-19 years
13%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 64%
medical benefits
Vision: 59%
dental benefits
None: 22%
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