Financial Aid Counselor Salary
Financial Aid Counselors in the United States are not likely to strike it rich; they only make around $37K per year on average. 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 more than half. Most Financial Aid Counselors survey respondents are women (76 percent).
|Salary||$29,727 - $49,000|
|Bonus||$0.00 - $1,490|
|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).)
|$29,516 - $48,512|
|Hourly Rate||$13.56 - $22.65|
|Overtime||$1.55 - $32.98|
|Bonus||$0.00 - $1,490|
|Total Pay (||$29,516 - $48,512|
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.Read More...
Financial aid counselors must be knowledgeable about the different types of aid available to students, and they must be able to advise students of the aid available from their school, the government (at the federal, state, and/or city level), and private institutions. This means the counselor must have a wide knowledge base and keep abreast with new developments in student aid.
Financial aid counselors must have a bachelor's degree in a field related either to finances or to counseling such as education, counseling, or a related field such as business administration or accounting. Valuable traits for financial aid counselors include patience, a willingness to continue learning, and a desire to help students. Basic math skills and proficiency with basic computer programs are useful as well.
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.
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.
For many Financial Aid Counselors, more experience generally translates to higher pay. Individuals who have worked for fewer than five years bring in approximately $36K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $39K. Financial Aid Counselors who work for 10 to 20 years in their occupation tend to earn about $42K. Big financial gains seem to result from working for more than two decades; veterans in this group report earning $55K on average.
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Key Stats for Financial Aid Counselor
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