Financial Aid Director Salary

Financial Aid Directors who are practiced in their profession and carry more than 10 years of experience make up just below three-fifths of Financial Aid Directors. Pay fluctuates from $42K to $92K per year, but expected earnings average $63K per year. Location and career duration each impact pay for this group, with the former having the largest influence. Men are in the minority of survey respondents, with female Financial Aid Directors making up 72 percent. Most Financial Aid Directors report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$43,386 - $92,519
$43K
$63K
$93K
MEDIAN: $63,138
10%
50%
90%

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$17.17 - $34.23
$17
$20
$34
MEDIAN: $20.48
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$31K$62K$93K
Salary
$43,386 - $92,519  
   
Bonus
$0.00 - $7,830  
Profit Sharing
$0.00  
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).
)
$41,596 - $92,148  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 219
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$16$32$48
Hourly Rate
$17.17 - $34.23  
   
Overtime
$0.00  
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$32K$64K$96K
Bonus
$0.00 - $7,830  
   
Profit Sharing
$0.00  
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).
)
$41,596 - $92,148  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 17

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Job Description for Financial Aid Director

Financial aid directors are hired by various institutions that have financial aid departments; any operation that facilitates payment for products or services can be referred to as financial aid. These operations include offering grants, managing loans, providing payment plans, and determining eligibility for aid. The director of the financial aid department has to orchestrate all these operations by managing the existing financial aid programs and implementing new ones as needed.

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Financial Aid Director Tasks

  • Manage the operation of the financial aid office and administer programs which provide financial aid to students.
  • Prepare applications for private, local, state, and federal funding and coordinate department during audits.
  • Provide information to students on aid programs, maintain student records, evaluate aid applications, and ensure aid is correctly disbursed.
  • Propose and implement financial aid policies and procedures, and ensure compliance with state and federal regulations.
  • Hire, train, supervise, direct, and evaluate staff working in the financial aid department.

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Popular Skills for Financial Aid Director


Professional skills reported by Financial Aid Directors are few in number. Most notably, skills in Budget Management, People Management, Federal Grants, and Regulatory Compliance are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Loan Processing. Those educated in Budget Management tend to be well versed in People Management.

Pay by Experience Level for Financial Aid Director

Pay by Experience for a Financial Aid Director has a positive trend. An entry-level Financial Aid Director with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 90 salaries. An experienced Financial Aid Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $73,000 based on 88 salaries. A Financial Aid Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 51 salaries.

Related Job Salaries

Key Stats for Financial Aid Director

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.
Less than 1 year
1%
1-4 years
16%
5-9 years
27%
10-19 years
35%
20 years or more
21%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Director Salaries

▲17%

▲13%

National Average
$62,000

▼3%

▼25%

Skills That Affect Financial Aid Director Salaries




Regulatory Compliance
▲2%

National Average
$62,000

Loan Processing
▼5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 26 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
27%
10-19 years
35%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 72%
vision benefits
Vision: 58%
no benefits
None: 19%
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