Financial Aid Counselor (School/College/University) Salary

Pay for College Financial Aid Counselors in the United States is very modest at just $37K per year. Earnings sit near $27K on the lower side but can approach $49K per year on the higher side. Medical benefits are awarded to a large number, and a fair number earn dental coverage. For the most part, College Financial Aid Counselors enjoy their work and report high levels of job satisfaction. The vast majority of College Financial Aid Counselors (84 percent) who participated in the survey are women.

$27,082 - $49,641
(Median)
$27K
$37K
$50K
MEDIAN: $36,946
10%
50%
90%

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$13.04 - $20.58
(Median)
$13
$16
$21
MEDIAN: $15.00
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
$27,082 - $49,641  
   
Bonus
$0.00 - $970  
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).
)
$27,146 - $48,576  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 216
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$11$22$33
Hourly Rate
$13.04 - $20.58  
   
Overtime
$6.75 - $32.91  
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$22K$44K$66K
Bonus
$0.00 - $970  
   
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).
)
$27,146 - $48,576  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 87
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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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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 $55K per year. It is quite typical for College Financial Aid Counselors to transition into roles as Assistant Directors of Financial Aid or Associate Directors of Financial Aid, where reported median earnings are $9K and $16K higher per year.

Financial Aid Counselor Job Listings

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College Financial Aid Counselors report a narrow range of specific skills. Customer Service and Microsoft Office are considered valuable skills and can increase employee pay. Skills that seem to negatively impact pay include Microsoft Office. Employees educated in Customer Service are typically practiced in Microsoft Office, too.

Financial Aid Counselor (School/College/University) Reviews

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.

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

Experienced
up arrow 9%

Mid-Career
up arrow 3%

National Average
$36,000

Entry-Level
up arrow 4%

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

National Average
$36,000

Customer Service
up arrow 2%

Microsoft Office
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 46 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
4%
1-4 years
53%
5-9 years
26%
10-19 years
14%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
medical benefits
Vision: 63%
dental benefits
None: 11%
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