Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors in the United States may have to scrimp and save; the median compensation is $39K annually. Earnings sit near $28K on the lower side but can approach $50K per year on the higher side. Most claim medical and dental insurance and more than half get vision coverage. Female College Financial Aid Counselors far outnumber their male contemporaries among survey respondents. Job satisfaction is reported as high by the vast majority of workers.

$29,515 - $50,947
$30K
$39K
$51K
MEDIAN: $39,101
10%
50%
90%

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$12.40 - $20.96
$12
$16
$21
MEDIAN: $15.79
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
$29,515 - $50,947  
   
Bonus
$0.00 - $2,027  
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).
)
$27,716 - $49,768  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 134
© PayScale, Inc. @ www.payscale.com
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
$12.40 - $20.96  
   
Overtime
$19.80 - $35.51  
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  
   
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).
)
$27,716 - $49,768  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 55
© PayScale, Inc. @ www.payscale.com

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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

  • 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 (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 $56K per year. As College Financial Aid Counselors progress in their field, many go on to become Financial Aid Counselors. In fact, this transition is more common than anything else, and median pay for the role is $34K. Another common career choice for College Financial Aid Counselors is to move into an Assistant Director of Financial Aid role — this promotion usually pays $45K.

Financial Aid Counselor Job Listings

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Popular Skills for Financial Aid Counselor (School/College/University)


College Financial Aid Counselors who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Microsoft Excel, Customer Service, and Microsoft Office can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Microsoft Office. Those with knowledge of Customer Service tend to be skilled in Microsoft Office as well.

Pay by Experience Level for Financial Aid Counselor (School/College/University)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $35K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $40K. College Financial Aid Counselors claiming one to two decades of experience make an estimated median of $39K. Average wages for folks with more than 20 years of experience come out to around $40K.

Financial Aid Counselor (School/College/University) Reviews

Q: What is it like working as a Financial Aid Counselor (School/College/University)?

Financial Aid Counselor (School/College/University) in Houghton:
`"$Financial Aid - being honest with families."`
Pros: Helping students; awarding scholarships; learning about what students are studying and what plans they have for the future. I also found the level of stress to be much lower then my previous job. Being able to obtain my MBA while working is also a huge perk.
Cons: Having tough conversations with families; not having enough gift aid (institutional, state and federal) to help every student; explaining the rising costs of education and having absolutely no say in the matter (deflecting blame from our administration); dealing with educational policy is also frustrating.

Related Job Salaries

Key Stats for Financial Aid Counselor (School/College/University)

Gender

Female
82 %
Male
18 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.
Less than 1 year
3%
1-4 years
41%
5-9 years
27%
10-19 years
22%
20 years or more
7%
Location:
Years in Fields/Career:
United States (change)

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

▲9%

Late-Career
▲8%

▲7%

National Average
$37,000

▼4%

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

Microsoft Excel
▼0%

National Average
$37,000



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 29 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
3%
1-4 years
41%
5-9 years
27%
10-19 years
22%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 79%
vision benefits
Vision: 62%
dental benefits
None: 14%
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