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Financial Aid Counselor Salary (United States)

A Financial Aid Counselor earns an average salary of $35,043 per year. Most people with this job move on to other positions after 10 years in this career.
Financial Aid Counselor Salary (?
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.
)
$27,620 - $48,407
(Median)
28K
35K
42K
48K
MEDIAN: $35,042
10%
50%
75%
90%
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Financial Aid Counselor Salary (?
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.
)
$11.91 - $19.77
(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$17K$34K$51K
Salary
$27,620 - $48,407  
   
Bonus
$0.00 - $1,027  
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).
)
$26,076 - $46,776  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 195
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
$11.91 - $19.77  
   
Overtime
$17.31 - $31.10  
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 - $1,027  
   
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).
)
$26,076 - $46,776  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 89
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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.

Common Career Paths for Financial Aid Counselor

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Financial Aid Counselor Job Listings

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Pay by Experience Level for Financial Aid Counselor

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Pay Difference By Location

New York
up arrow 27%
Houston
up arrow 5%
Chicago
up arrow 3%
National Average
$34,000
Larger circles over a city indicate a job is popular in that location.

Financial Aid Counselor Advice

What do you wish you knew about your job when you first started out?
Financial Aid Counselor in New York:
"I Wish I Knew About The Politics Of The Company."
Well, you will need to develop thick skin. People may not like working with you but you still have to do what is right for the school and still help the parent understand what may be wrong. You should be able to be personable, honest, open minded and have excellent communication skills.

Related Job Salaries

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Experience Affects Financial Aid Counselor Salaries

Late-Career
up arrow 32%
Experienced
up arrow 7%
Mid-Career
up arrow 3%
National Average
$34,000
Entry-Level
up arrow 2%

Skills That Affect Financial Aid Counselor Salaries

Counseling
up arrow 5%
Financial Applications
up arrow 4%
Customer Service
up arrow 3%
Financial Analysis
up arrow 1%
National Average
$34,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 49 votes.

Gender

Female
83%
female alumni
 
Male
17%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
53%
5-9 years
26%
10-19 years
9%
20 years or more
5%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 78%
vision benefits Vision: 62% employee benefits None: 8%