Financial Aid Director Salary

Financial Aid Directors who are practiced in their profession and carry more than 10 years of experience make up over one-half of Financial Aid Directors. Pay fluctuates from $42K to $93K per year, but expected earnings average $62K per year. Residence 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 74 percent. Most people in this profession are content with their work, and moderate levels of job satisfaction are reported. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half.

$44,025 - $93,013
$44K
$62K
$93K
MEDIAN: $62,007
10%
50%
90%

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$17.65 - $34.00
$18
$21
$34
MEDIAN: $20.68
10%
50%
90%

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$0$93K
Salary $44,025 - $93,013
Bonus $0.00 - $3,064
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).
)
$42,208 - $92,504
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 228
Hourly Data $0$33
Hourly Rate $17.65 - $34.00
Overtime $14.00
Annual Data $0$92K
Bonus $0.00 - $3,064
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).
)
$42,208 - $92,504
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 18

Find Out Exactly What You Should Be Paid

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

  • 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.

Financial Aid Director Job Listings

Popular Skills for Financial Aid Director


Financial Aid Directors generally report applying a varied skill set to their work. Most notably, skills in Budget Management, People Management, Federal Grants, and Regulatory Compliance are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that are correlated to lower pay, on the other hand, include Loan Processing. Those proficient in Budget Management are, more often than not, also skilled 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
74 %
Male
26 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.
Less than 1 year
1%
1-4 years
16%
5-9 years
28%
10-19 years
34%
20 years or more
21%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Director Salaries

▲19%

▲15%

National Average
$61,000

▼1%

▼24%

Skills That Affect Financial Aid Director Salaries




Regulatory Compliance
▲3%

National Average
$61,000

Loan Processing
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 votes.

Gender

Female
74 %
Male
26 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
28%
10-19 years
34%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 71%
vision benefits
Vision: 58%
no benefits
None: 19%
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