Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors in the United States are not likely to strike it rich; they only make around $39K annually on average. Lower pay rates hover around $28K, and the higher rates verge on $50K per year. Most get medical and dental insurance, and the larger part get vision plans, too. Most workers in this position report moderate levels of job satisfaction. Women account for the majority of College Financial Aid Counselors who took the survey — 83 percent to be exact.

$29,497 - $51,017
$29K
$39K
$51K
MEDIAN: $39,236
10%
50%
90%

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$12.70 - $21.51
$13
$16
$22
MEDIAN: $15.92
10%
50%
90%

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$0$51K
Salary $29,497 - $51,017
Bonus $0.00 - $2,007
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).
)
$28,044 - $50,093
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 160
Hourly Data $0$40
Hourly Rate $12.70 - $21.51
Overtime $19.94 - $40.50
Annual Data $0$50K
Bonus $0.00 - $2,007
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).
)
$28,044 - $50,093
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 69

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United States (change)

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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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Many College Financial Aid Counselors move into a Financial Aid Director role, and folks who currently hold that position report a much higher median income 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 (School/College/University) Job Listings

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


College Financial Aid Counselors report a narrow range of specific skills. 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 and Customer Service. Experience with Customer Service is often linked with knowledge of Microsoft Office.

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

Pay by Experience for a Financial Aid Counselor (School/College/University) has a positive trend. An entry-level Financial Aid Counselor (School/College/University) with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 111 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Counselor (School/College/University) with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 69 salaries. An experienced Financial Aid Counselor (School/College/University) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $39,000 based on 44 salaries. A Financial Aid Counselor (School/College/University) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 13 salaries.

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.

Financial Aid Counselor (School/College/University) in Bloomington:
Pros: Atmosphere. Co-workers.
Cons: Monotonous work.

Related Job Salaries

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

Gender

Female
83 %
Male
17 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.
Less than 1 year
3%
1-4 years
44%
5-9 years
25%
10-19 years
21%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

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

▲7%

▲5%

Late-Career
▲5%

National Average
$38,000

▼6%

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

National Average
$38,000

Microsoft Excel
▼2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 41 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
25%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 78%
vision benefits
Vision: 63%
no benefits
None: 16%
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