The majority of Financial Aid Directors in the United States — slightly less than three-fifths — boast more than 10 years of experience in their profession. Salaries stretch from $40K to $91K per year, and the median is $62K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — just over one in five lack any form of coverage — but a fair number have medical insurance, and more than half have dental, too. Job satisfaction is high and work is enjoyable for most Financial Aid Directors. Men are in the minority of survey respondents, with female Financial Aid Directors making up 72 percent. This overview is based on answers to PayScale's salary questionnaire.

$42,353 - $91,209
(Median)
$42K
$62K
$91K
MEDIAN: $61,772
10%
50%
90%

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$14.90 - $40.27
(Median)
$15
$20
$40
MEDIAN: $20
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
$42,353 - $91,209  
   
Bonus
$0.00 - $2,027  
Profit Sharing
$250.00  
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).
)
$40,465 - $91,082  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 235
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
$14.90 - $40.27  
   
Overtime
$28.96  
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 - $2,027  
   
Profit Sharing
$250.00  
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).
)
$40,465 - $91,082  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 18
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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.

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Popular Skills for Financial Aid Director


Financial Aid Directors seem to require a number of specific skills. Most notably, skills in Budget Management, People Management, Regulatory Compliance, and Federal Grants are correlated to pay that is above average, with boosts between 3 percent and 8 percent. Skills that are correlated to lower pay, on the other hand, include Loan Processing. Most people familiar with Budget Management also know People Management.

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. Salaries for the relatively untried average out to around $45K, but survey participants with five to 10 years of experience earn a significantly higher median of $59K. The average pay reported by folks with 10 to 20 years of experience is around $68K. Financial Aid Directors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $72K.

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Experience Affects Financial Aid Director Salaries



National Average
$61,000



Skills That Affect Financial Aid Director Salaries


People Management
up arrow 4%

Federal Grants
up arrow 3%

Regulatory Compliance
up arrow 3%

National Average
$61,000

Loan Processing
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 28 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
34%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 76%
dental benefits
Dental: 67%
medical benefits
Vision: 56%
dental benefits
None: 22%
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