A Financial Aid Counselor earns an average salary of $34,894 per year. A skill in Counseling is associated with high pay for this job. People in this job generally don't have more than 20 years' experience. Pay for this job does not change much by experience, with the most experienced earning only a bit more than the least.
Financial Aid Counselor Total Pay (?
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.
)
$26,563 - $47,127
(Median)
27K
35K
41K
47K
MEDIAN: $34,894
10%
50%
75%
90%
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Financial Aid Counselor Total Pay (?
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.
)
$11.83 - $19.95
(Median)
12
17
20
MEDIAN: $14.00
10%
75%
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
$26,563 - $47,127  
   
Bonus
$0.00 - $2,043  
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).
)
$25,507 - $46,080  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 255
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
$11.83 - $19.95  
   
Overtime
$18.13 - $31.18  
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 - $2,043  
   
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).
)
$25,507 - $46,080  
PayScale
Country: United States | Currency: USD | Updated: 23 Apr 2014 | Individuals Reporting: 255
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Job Description for Financial Aid Counselor
Financial aid counselors work with students to discuss financial aid options. These professionals are employed almost exclusively by institutes of higher learning, which includes for-profit schools and non-profit institutions; counselors may also consult at college fairs. Financial aid counselors typically work with other counselors and the employees in the bursar's office to provide correct information to students, who may have little to no knowledge about financial aid. A typical day for financial aid counselors includes working during regular business hours, making appointments with students or helping walk-ins, discussing a financial plan with those students, and researching new developments in financial aid.
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Financial Aid Counselor 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.
Related Job Salaries

Experience Affects Financial Aid Counselor Salaries

Experienced
up arrow 10%
Mid-Career
up arrow 3%
National Average
$34,000
Entry-Level
up arrow 3%

Skills That Affect Financial Aid Counselor Salaries

Counseling
up arrow 16%
Customer Service
up arrow 3%
Financial Analysis
up arrow 2%
National Average
$34,000
Job Satisfaction
Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 42 votes.
Gender
Female
80%
female alumni
 
Male
20%
male alumni
Years of Experience
Less than 1 year
7%
1-4 years
54%
5-9 years
25%
10-19 years
10%
20 years or more
4%
Common Health Benefits
medical benefits Medical: 88% dental benefits Dental: 77%
vision benefits Vision: 62% employee benefits None: 9%
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