Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $36K per year. Pay generally varies between $27K and $48K per year. Medical benefits are awarded to a large number, and a fair number earn dental coverage. College Financial Aid Counselors who responded to the questionnaire are largely women, dominating at 82 percent. Job satisfaction for College Financial Aid Counselors is high. The information for this snapshot was generated by responses to the PayScale salary survey.

$27,078 - $48,884

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$11.92 - $19.85

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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
$27,078 - $48,884  
   
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).
)
$26,793 - $47,859  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 239
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
$11.92 - $19.85  
   
Overtime
$2.43 - $32.50  
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  
   
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).
)
$26,793 - $47,859  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 94
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Job Description for Financial Aid Counselor (School/College/University)

Financial aid counselors are responsible for helping students at post-secondary institutions to obtain private and/or government financial aid, grants, and scholarships, as well as provide information regarding available student loans from both private and government institutions.

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Financial Aid Counselor (School/College/University) 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 (School/College/University)


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College Financial Aid Counselors who move on to become Financial Aid Directors may enjoy significant pay raises, as Financial Aid Directors get paid an average of $54K per year. A common career progression for a College Financial Aid Counselor is to become an Assistant Director of Financial Aid or an Associate Director of Financial Aid. Compared to College Financial Aid Counselors, the first group earns $8K more on average, and the second group earns $17K more.

Financial Aid Counselor Job Listings

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Survey results show that College Financial Aid Counselors typically report just a few professional skills. Customer Service and Microsoft Office are considered valuable skills and can increase employee pay. At the other end of the pay range are skills like Microsoft Office. Employees educated in Customer Service are typically practiced in Microsoft Office, too.

Financial Aid Counselor (School/College/University) Advice

What do you wish you knew about your job when you first started out?

Financial Aid Counselor (School/College/University) in Memphis:
Make sure your learn all the rules and regulations of the federal government such as Title IV funds to award students.

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Experience Affects Financial Aid Counselor (School/College/University) Salaries

Experienced
up arrow 11%

Mid-Career
up arrow 8%

National Average
$35,000

Entry-Level
up arrow 3%

Skills That Affect Financial Aid Counselor (School/College/University) Salaries

National Average
$35,000

Customer Service
up arrow 1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
5%
1-4 years
56%
5-9 years
24%
10-19 years
12%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 11%
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