Financial Aid Counselor (School/College/University) Salary

Pay for College Financial Aid Counselors in the United States is very modest at just $36K annually. Pay ranges from $26K on the low end to $47K per year on the high end. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The majority of College Financial Aid Counselors claim high levels of job satisfaction. The vast majority (80 percent) of College Financial Aid Counselors who took the survey are female.

$26,708 - $48,307
(Median)
$27K
$36K
$48K
MEDIAN: $35,893
10%
50%
90%

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$11.81 - $19.80
(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
$26,708 - $48,307  
   
Bonus
$0.00 - $1,555  
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).
)
$26,326 - $47,280  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 274
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
$11.81 - $19.80  
   
Overtime
$4.79 - $31.72  
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 - $1,555  
   
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).
)
$26,326 - $47,280  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 106

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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 might see a strong upturn in salary after transitioning into upper-level roles such as Financial Aid Director, a seemingly popular career choice. People currently working in the latter position report a noticeably higher median income of $54K per year. The most common next step for a College Financial Aid Counselor is to become an Assistant Director of Financial Aid or an Associate Director of Financial Aid. The former position pays an additional $9K per year on average, and the latter position pays $17K more per year.

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. 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

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 92 votes.

Gender

Female
80 %
Male
20 %

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: 86% dental benefits Dental: 74%
vision benefits Vision: 61% employee benefits None: 13%