Financial Aid Advisor Salary

Those pursuing careers as Financial Aid Advisors in the United States may have to make do with less; average incomes for people in this area hover around only $37K annually. The income range spans the entire spectrum between $28K and $46K per year. Residence is the biggest factor affecting pay for this group, followed by tenure. Men are in the minority of survey respondents, with female Financial Aid Advisors making up 77 percent. Most Financial Aid Advisors like their work and job satisfaction is high. Medical benefits are awarded to most, and a strong majority earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.

$28,210 - $46,154
(Median)
$28K
$37K
$46K
MEDIAN: $36,882
10%
50%
90%

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$13.08 - $20.91
(Median)
$13
$16
$21
MEDIAN: $16.00
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$16K$32K$48K
Salary
$28,210 - $46,154  
   
Bonus
$0.00 - $1,163  
Commission
$650  
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).
)
$27,811 - $45,645  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 183
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
$13.08 - $20.91  
   
Overtime
$20.10 - $32.38  
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
$0.00 - $1,163  
   
Commission
$650  
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).
)
$27,811 - $45,645  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 120
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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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For Financial Aid Advisors, career advancements do not tend to correlate with a rise in salary. On average, lower-level Financial Aid Advisors earn similar salaries to those in higher-end positions like College Financial Aid Counselor.

Financial Aid Counselor Job Listings

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Experience Affects Financial Aid Advisor Salaries

Experienced
up arrow 11%

Mid-Career
up arrow 7%

National Average
$36,000

Entry-Level
up arrow 2%

Skills That Affect Financial Aid Advisor Salaries

Financial Advisor
0%

National Average
$36,000

Customer Service
up arrow 1%

Federal Grants
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
4%
1-4 years
59%
5-9 years
27%
10-19 years
7%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 75%
medical benefits
Vision: 65%
dental benefits
None: 13%
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