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Financial Aid Director Salary

Financial Aid Directors in the United States with more than 10 years of experience in their profession represent close to one-half of Financial Aid Directors. Salaries average out to around $58K annually and spread from $37K to $86K per year. Experience level is the biggest factor affecting pay for this group, followed by geography. Female Financial Aid Directors make up most of the survey respondents at 76 percent. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Financial Aid Directors, who typically claim high levels of job satisfaction.
$39,338 - $86,058
(Median)
$39K
$58K
$86K
MEDIAN: $57,685
10%
50%
90%

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$10.30 - $24.47
(Median)
$10
$15
$24
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$29K$58K$87K
Salary
$39,338 - $86,058  
   
Bonus
$0.00 - $4,102  
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).
)
$36,699 - $86,101  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 372
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
$10.30 - $24.47  
   
Overtime
$16.50 - $29.73  
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 - $4,102  
   
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).
)
$36,699 - $86,101  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 22
United States (change)

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 typically list a handful of skills they use on the job. Most notably, facility with Regulatory Compliance and People Management are correlated to pay that is significantly above average, leading to increases of 20 percent and 10 percent, respectively.

Pay by Experience Level for Financial Aid Director

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


Financial Aid Directors with a lot of experience tend to enjoy higher earnings. Salaries for the relatively untried average out to around $44K, but survey participants with five to 10 years of experience earn a significantly higher median of $54K. On average, Financial Aid Directors make $64K following one to two decades on the job. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $71K.

Related Job Salaries

Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 26%

Experienced
up arrow 14%

National Average
$56,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 21%

Skills That Affect Financial Aid Director Salaries

Regulatory Compliance
up arrow 20%

People Management
up arrow 10%

National Average
$56,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 86 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
1%
1-4 years
21%
5-9 years
27%
10-19 years
36%
20 years or more
15%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 69%
vision benefits Vision: 56% employee benefits None: 17%