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. Overall cash earnings for Financial Aid Counselors stretch from $29K on the lower end to $48K near the top, and the heftier packages encompass bonuses that can (rarely) exceed $2K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the greater part. Most Financial Aid Counselors survey respondents are women (73 percent). The information for this rundown comes from respondents who completed PayScale's salary questionnaire.

$29,300 - $48,891
$29K
$37K
$49K
MEDIAN: $36,528
10%
50%
90%

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$13.48 - $22.69
$13
$17
$23
MEDIAN: $17.06
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
$29,300 - $48,891  
   
Bonus
$0.00 - $2,027  
Profit Sharing
$0.00  
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).
)
$29,203 - $48,489  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 181
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
$13.48 - $22.69  
   
Overtime
$1.53 - $33.11  
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
$0.00  
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).
)
$29,203 - $48,489  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 44

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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

  • 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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For Financial Aid Counselors, progressing to a Financial Aid Director role may result in a significant raise. On average, a Financial Aid Director can earn $56K annually.

Financial Aid Counselor Job Listings

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Pay by Experience Level for Financial Aid Counselor

Pay by Experience for a Financial Aid Counselor has a positive trend. An entry-level Financial Aid Counselor with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 158 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Counselor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $38,000 based on 76 salaries. An experienced Financial Aid Counselor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $41,000 based on 38 salaries. A Financial Aid Counselor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $55,000 based on 12 salaries.

Related Job Salaries

Key Stats for Financial Aid Counselor

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.
Less than 1 year
3%
1-4 years
54%
5-9 years
26%
10-19 years
16%
20 years or more
1%
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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 32 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
3%
1-4 years
54%
5-9 years
26%
10-19 years
16%
20 years or more
1%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 76%
vision benefits
Vision: 67%
no benefits
None: 10%
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