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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 annually. Earnings generally vary between $26K and $48K per year. There are far more female College Financial Aid Counselors who answered the questionnaire than men, making up 81 percent. Job satisfaction is reported as high by the vast majority of workers. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.

$26,760 - $48,644
(Median)
$27K
$36K
$49K
MEDIAN: $35,995
10%
50%
90%

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$11.90 - $19.95
(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 - $48,644  
   
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).
)
$26,487 - $47,772  
Country: United States | Currency: USD | Updated: 16 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
$11.90 - $19.95  
   
Overtime
$2.71 - $32.11  
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).
)
$26,487 - $47,772  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 100
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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. Assistant Directors of Financial Aid or Associate Directors of Financial Aid are common next-step roles for College Financial Aid Counselors moving up in their careers; annual pay for Assistant Directors of Financial Aid is $9K higher on average, and it's $17K higher for Associate Directors of Financial Aid.

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 are correlated to lower pay, on the other hand, include Microsoft Office. Competency in Customer Service frequently indicates 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.

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

Experienced
up arrow 11%

Mid-Career
up arrow 7%

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 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 81 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
6%
1-4 years
58%
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: 61% employee benefits None: 12%
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