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).

$29,727 - $49,000
$30K
$37K
$49K
MEDIAN: $37,136
10%
50%
90%

Add this chart to your site: 640px    300px

$13.56 - $22.65
$14
$17
$23
MEDIAN: $17.20
10%
50%
90%

Add this chart to your site: 640px    300px

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
$29,727 - $49,000  
   
Bonus
$0.00 - $1,490  
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).
)
$29,516 - $48,512  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 206
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$11$22$33
Hourly Rate
$13.56 - $22.65  
   
Overtime
$1.55 - $32.98  
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$22K$44K$66K
Bonus
$0.00 - $1,490  
   
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).
)
$29,516 - $48,512  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 45

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start 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

  • 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


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


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

Search for more jobs:

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.

Related Job Salaries

Key Stats for Financial Aid Counselor

Gender

Female
76 %
Male
24 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.
053
Less than 1 year
3%
1-4 years
53%
5-9 years
27%
10-19 years
16%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Counselor Salaries

Late-Career
up arrow 48%

Experienced
up arrow 13%

Mid-Career
up arrow 4%

National Average
$37,000


Skills That Affect Financial Aid Counselor Salaries

Financial Advisor
up arrow 19%

Federal Grants
up arrow 10%


National Average
$37,000


Financial Applications
up arrow 4%

Financial Analysis
up arrow 4%

Financial Aid
up arrow 14%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 32 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
3%
1-4 years
53%
5-9 years
27%
10-19 years
16%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 77%
vision benefits
Vision: 65%
dental benefits
None: 10%
ADVERTISEMENT