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 $36K annually on average. Earnings sit near $27K on the lower side but can approach $48K per year on the higher side. Work is enjoyable for College Financial Aid Counselors, who typically claim high levels of job satisfaction. Medical benefits are awarded to most, and a strong majority earn dental coverage. Women account for the majority of College Financial Aid Counselors who took the survey — 82 percent to be exact.

$26,889 - $48,656
(Median)
$27K
$36K
$49K
MEDIAN: $36,225
10%
50%
90%

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$11.98 - $19.78
(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
$26,889 - $48,656  
   
Bonus
$0.00 - $1,928  
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).
)
$26,663 - $47,698  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 251
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
$11.98 - $19.78  
   
Overtime
$2.50 - $32.41  
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 - $1,928  
   
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).
)
$26,663 - $47,698  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 97
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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. Career advancement for the typical College Financial Aid Counselor often leads to becoming an Assistant Director of Financial Aid or an Associate Director of Financial Aid; median salaries in these positions are $9K higher and $17K higher, respectively.

Financial Aid Counselor Job Listings

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College Financial Aid Counselors note just a narrow range of job skills. Customer Service and Microsoft Office are considered valuable skills and can increase employee pay. Skills that pay less than market rate include Microsoft Office. Experience with Customer Service is often linked with knowledge of Microsoft Office.

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.

Related Job Salaries

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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

Customer Service
0%

National Average
$35,000

Microsoft Office
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 76 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
5%
1-4 years
57%
5-9 years
24%
10-19 years
12%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 87% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 11%
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