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Financial Aid Counselor (School/College/University) Salary

Pay for College Financial Aid Counselors in the United States is very modest at just $36K per year. Pay generally varies between $26K and $48K per year. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Women make up the vast majority of College Financial Aid Counselors (81 percent) who answered the questionnaire. Job satisfaction is high and work is enjoyable for most College Financial Aid Counselors.

$26,760 - $48,581
(Median)
$27K
$36K
$49K
MEDIAN: $35,995
10%
50%
90%

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$11.79 - $19.90
(Median)
$12
$15
$20
MEDIAN: $15.00
10%
50%
90%

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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
$26,760 - $48,581  
   
Bonus
$0.00 - $1,745  
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).
)
$26,400 - $47,625  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 261
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
$11.79 - $19.90  
   
Overtime
$2.80 - $32.01  
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 - $1,745  
   
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).
)
$26,400 - $47,625  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 102

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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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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 $54K per year. College Financial Aid Counselors moving up in their careers tend to step into positions as Assistant Directors of Financial Aid or Associate Directors of Financial Aid. The median paychecks in those roles are $9K higher and $17K higher, respectively.

Financial Aid Counselor Job Listings

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Job skills reported by College Financial Aid Counselors are limited. 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. Microsoft Office is a skill commonly found among those who know Customer Service.

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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United States (change)

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

Customer Service
up arrow 1%

National Average
$35,000

Microsoft Office
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 83 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
6%
1-4 years
57%
5-9 years
23%
10-19 years
11%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 75%
vision benefits Vision: 62% employee benefits None: 12%
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