Financial Aid Counselor Salary

Pay for Financial Aid Counselors in the United States is very modest at just $36K annually. Earnings generally vary between $27K and $47K per year. Experience level is the biggest factor affecting pay for this group, followed by geography. The majority of individuals in this role claim moderate levels of job satisfaction. The vast majority (84 percent) of Financial Aid Counselors who took the survey are female. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The data for this synopsis comes from respondents who took the PayScale salary survey.

$28,052 - $48,464
(Median)
$28K
$36K
$48K
MEDIAN: $35,713
10%
50%
90%

Add this chart to your site: 640px    300px

$11.90 - $20.05
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

Add this chart to your site: 640px    300px

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
$28,052 - $48,464  
   
Bonus
$0.00 - $991  
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).
)
$26,871 - $47,020  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 248
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
$11.90 - $20.05  
   
Overtime
$19.42 - $31.45  
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 - $991  
   
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).
)
$26,871 - $47,020  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 88

Find Out Exactly What You Should Be Paid

United States (change)

- OR -

Log in with LinkedIn

Comp Managers Click Here »

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 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


Add this chart to your site:   640px 640px    300px 300px


As Financial Aid Counselors transition into upper-level roles such as Assistant Director of Financial Aid, they may see a strong upturn in salary. Assistant Directors of Financial Aid earn $44K on average per year.

Financial Aid Counselor Job Listings

Search for more jobs:

Popular Skills for Financial Aid Counselor


Survey results imply that Financial Aid Counselors put a diverse skill set to use. Most notably, skills in Federal Grants, Counseling, Customer Service, and Financial Analysis are correlated to pay that is above average, with boosts between 3 percent and 12 percent. At the other end of the pay range are skills like Financial Advisor. Counseling and Customer Service are also commonly seen together.

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, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Average salaries for inexperienced employees average out to around $34K, but folks who have five to 10 years of experience earn a higher median of $37K. Financial Aid Counselors bring in $38K after working for 10 to 20 years. Old hands who claim more than two decades on the job enjoy average earnings of $52K.

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

United States (change)

Experience Affects Financial Aid Counselor Salaries

Late-Career
up arrow 48%

Experienced
up arrow 9%

Mid-Career
up arrow 5%

National Average
$35,000

Entry-Level
up arrow 3%

Skills That Affect Financial Aid Counselor Salaries


Federal Grants
up arrow 12%

Customer Service
up arrow 3%

Financial Analysis
up arrow 3%

Financial Applications
up arrow 2%

National Average
$35,000

Financial Advisor
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 52 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
6%
1-4 years
53%
5-9 years
25%
10-19 years
11%
20 years or more
4%

Common Health Benefits

medical benefits Medical: 89% dental benefits Dental: 78%
vision benefits Vision: 64% employee benefits None: 8%