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Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors in the United States can expect only a modest salary, with average pay of just $36K annually. Compensation ranges from $26K on the lower end to $46K per year on the higher end. Female College Financial Aid Counselors make up most of the survey respondents at 79 percent. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
$26,690 - $47,109
(Median)
$27K
$36K
$47K
MEDIAN: $35,619
10%
50%
90%

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$11.50 - $19.45
(Median)
$11
$15
$19
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$16K$32K$48K
Salary
$26,690 - $47,109  
   
Bonus
$0.00 - $1,795  
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).
)
$25,984 - $46,287  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 326
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
$11.50 - $19.45  
   
Overtime
$5.07 - $30.49  
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 - $1,795  
   
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).
)
$25,984 - $46,287  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 129
United States (change)

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 usually experience a big boost in pay as they move up the career ladder to upper-level roles like Financial Aid Director. The average pay for a Financial Aid Director is $54K annually. When College Financial Aid Counselors are ready for the next step in their careers, they often become Assistant Directors of Financial Aid or Associate Directors of Financial Aid. Those roles pay an additional $9K and $17K, respectively.

Financial Aid Counselor Job Listings

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Typical College Financial Aid Counselors report a focused set of job 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. Those with knowledge of Customer Service tend to be skilled in Microsoft Office as well.

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

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

Experienced
up arrow 10%

Mid-Career
up arrow 9%

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 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 128 votes.

Gender

Female
79 %
Male
21 %

Years of Experience

Less than 1 year
7%
1-4 years
59%
5-9 years
21%
10-19 years
10%
20 years or more
3%

Common Health Benefits

medical benefits Medical: 85% dental benefits Dental: 73%
vision benefits Vision: 58% employee benefits None: 13%