Financial Aid Director Salary

Financial Aid Directors in the United States with more than 10 years of experience in their profession represent a little over a half of Financial Aid Directors. Salaries average out to around $59K annually and spread from $39K to $86K per year. Location is the biggest factor affecting pay for this group, followed by career duration. Men are in the minority of survey respondents, with female Financial Aid Directors making up 77 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Job satisfaction is reported as high by the vast majority of workers.

$40,644 - $85,582

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$12.04 - $24.94

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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$29K$58K$87K
Salary
$40,644 - $85,582  
   
Bonus
$0.00 - $1,942  
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).
)
$39,099 - $85,961  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 371
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$15$30$45
Hourly Rate
$12.04 - $24.94  
   
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$30K$60K$90K
Bonus
$0.00 - $1,942  
   
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).
)
$39,099 - $85,961  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 20
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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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Survey results show that Financial Aid Directors typically report just a few professional skills. Most notably, skills in Budget Management, Regulatory Compliance, Federal Grants, and People Management are correlated to pay that is above average, with boosts between 12 percent and 19 percent.

Pay by Experience Level for Financial Aid Director

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


Financial Aid Directors who reported more years of relevant experience also reported higher earnings. Although individuals who have less than five years' experience earn $46K on average, people with five to 10 years benefit from a notably larger average of $57K. After working for 10 to 20 years, Financial Aid Directors make a median salary of $64K. Financial Aid Directors who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $75K.

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Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 28%

Experienced
up arrow 10%

National Average
$58,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 21%

Skills That Affect Financial Aid Director Salaries

Budget Management
up arrow 19%

Regulatory Compliance
up arrow 16%

Federal Grants
up arrow 12%

People Management
0%

National Average
$58,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 65 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
28%
10-19 years
36%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 71%
vision benefits Vision: 57% employee benefits None: 15%
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