Financial Aid Counselor Salary

It's impossible to make it big as a Financial Aid Counselors in the United States; the average employee scrapes together only around $37K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Financial Aid Counselors like their work and job satisfaction is high. Most Financial Aid Counselors survey respondents are women (74 percent). Respondents to the PayScale salary survey provided the data for this report.

$29,452 - $48,817
$29K
$37K
$49K
MEDIAN: $36,584
10%
50%
90%

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$13.56 - $22.65
$14
$17
$23
MEDIAN: $17.19
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
$29,452 - $48,817  
   
Bonus
$0.00 - $2,027  
Profit Sharing
$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).
)
$29,274 - $48,353  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 186
© PayScale, Inc. @ www.payscale.com
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$12$24$36
Hourly Rate
$13.56 - $22.65  
   
Overtime
$1.51 - $33.36  
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$24K$48K$72K
Bonus
$0.00 - $2,027  
   
Profit Sharing
$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).
)
$29,274 - $48,353  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 45
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • 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.
  • Assist in the review of students' financial aid applications.
  • Coordinate and administer financial aid appeals.
  • Package, award, and disburse funds to students.

Common Career Paths for Financial Aid Counselor


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Financial Aid Counselors may progress into high-paying roles like Financial Aid Director, where median compensation is $56K annually.

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.


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Folks with fewer than five years of experience take home $35K on average, and those who have worked for five to 10 years see a bigger median salary of $38K. Financial Aid Counselors bring in $41K after working for 10 to 20 years. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $55K on average.

Related Job Salaries

Key Stats for Financial Aid Counselor

Gender

Female
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.
Less than 1 year
3%
1-4 years
54%
5-9 years
27%
10-19 years
16%
20 years or more
1%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Counselor Salaries

Late-Career
▲50%

▲13%

▲5%

National Average
$37,000

▼3%

Skills That Affect Financial Aid Counselor Salaries

Financial Advisor
▲20%

Federal Grants
▲11%

Counseling
▼0%

National Average
$37,000


Financial Analysis
▼2%

Financial Applications
▼3%

Financial Aid
▼10%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 30 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
3%
1-4 years
54%
5-9 years
27%
10-19 years
16%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 68%
dental benefits
None: 9%
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