Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors in the United States may have to scrimp and save; the median compensation is $36K annually. The pay spectrum stretches from $27K to $48K per year. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is high and work is enjoyable for most College Financial Aid Counselors. Women make up the vast majority of College Financial Aid Counselors (82 percent) who answered the questionnaire. Respondents to the PayScale salary survey provided the data for this report.

$26,876 - $48,675
(Median)
$27K
$36K
$49K
MEDIAN: $36,185
10%
50%
90%

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$11.94 - $19.82
(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
$26,876 - $48,675  
   
Bonus
$0.00 - $1,918  
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).
)
$26,627 - $47,749  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 250
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
$11.94 - $19.82  
   
Overtime
$2.43 - $32.50  
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 - $1,918  
   
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).
)
$26,627 - $47,749  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 95
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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 often transition into Financial Aid Director positions, for which compensation tends to be much higher. On average, Financial Aid Directors earn $54K 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 $8K and $17K higher per year.

Financial Aid Counselor Job Listings

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College Financial Aid Counselors only report a few 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. 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 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: 88% dental benefits Dental: 76%
vision benefits Vision: 63% employee benefits None: 11%
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