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Financial Aid Director Salary

Slightly more than half of Financial Aid Directors in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $39K to $85K per year, and the average comes out to $58K per year. Geography and years of experience each impact pay for this group, with the former having the largest influence. Most Financial Aid Directors survey respondents are women (77 percent). Job satisfaction for Financial Aid Directors is high. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. This snapshot results from replies to PayScale's salary survey.

$40,292 - $84,768
(Median)
$40K
$58K
$85K
MEDIAN: $58,349
10%
50%
90%

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$12.04 - $24.94
(Median)
$12
$17
$25
MEDIAN: $16.00
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$29K$58K$87K
Salary
$40,292 - $84,768  
   
Bonus
$0.00 - $1,980  
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).
)
$38,863 - $84,963  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 381
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$15$30$45
Hourly Rate
$12.04 - $24.94  
   
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$30K$60K$90K
Bonus
$0.00 - $1,980  
   
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).
)
$38,863 - $84,963  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 20

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United States (change)


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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

  • 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.
  • Provide information to students on aid programs, maintain student records, evaluate aid applications, and ensure aid is correctly disbursed.
  • 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.

Financial Aid Director Job Listings

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Financial Aid Directors who responded to the survey report just a handful of professional skills. Most notably, facility with Budget Management, Federal Grants, and Regulatory Compliance are correlated to pay that is significantly above average, leading to increases of 22 percent, 20 percent, and 19 percent, respectively.

Pay by Experience Level for Financial Aid Director

Median of all compensation (including tips, bonus, and overtime) by years of experience.


For many Financial Aid Directors, more experience generally translates to higher pay. Workers in their first five years can expect to earn $46K, but people who have been around for five to 10 years earn a noticeably bigger sum of $56K. Financial Aid Directors who work for 10 to 20 years in their occupation tend to earn about $63K. Financial Aid Directors who have spent more than 20 years on the job report earning a significantly higher median of $73K.

Related Job Salaries

United States (change)

Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 28%

Experienced
up arrow 10%

National Average
$57,000

Mid-Career
up arrow 1%

Entry-Level
up arrow 20%

Skills That Affect Financial Aid Director Salaries

Budget Management
up arrow 22%

Federal Grants
up arrow 20%

Regulatory Compliance
up arrow 19%

People Management
up arrow 2%

National Average
$57,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
0%
1-4 years
19%
5-9 years
28%
10-19 years
36%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 70%
vision benefits Vision: 57% employee benefits None: 15%
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