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Financial Aid Director Salary

With just over a half of Financial Aid Directors in the United States reporting more than 10 years of experience in the field, this area is heavily weighted toward experienced professionals. Pay ranges from $38K to $87K per year and averages out to $58K annually. Location is the biggest factor affecting pay for this group, followed by years of experience. The majority of Financial Aid Directors claim high levels of job satisfaction. Medical benefits are awarded to most, and more than half earn dental coverage. Most Financial Aid Directors survey respondents are women (77 percent). This report is based on responses to the PayScale salary survey.

$40,045 - $87,309
(Median)
$40K
$58K
$87K
MEDIAN: $58,433
10%
50%
90%

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$10.30 - $24.77
(Median)
$10
$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$30K$60K$90K
Salary
$40,045 - $87,309  
   
Bonus
$0.00 - $2,043  
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).
)
$38,107 - $87,199  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 376
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 - $24.77  
   
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 - $2,043  
   
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).
)
$38,107 - $87,199  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 22

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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 report a narrow range of specific skills. Most notably, facility with Regulatory Compliance and Federal Grants are correlated to pay that is significantly above average, leading to increases of 21 percent and 15 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. The average beginner in this position makes around $46K, but folks who have been around for five to 10 years see a markedly higher median salary of $55K. Financial Aid Directors bring in $64K after working for 10 to 20 years. 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 $74K.

Related Job Salaries

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Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 30%

Experienced
up arrow 12%

National Average
$57,000

Mid-Career
up arrow 3%

Entry-Level
up arrow 19%

Skills That Affect Financial Aid Director Salaries

Regulatory Compliance
up arrow 21%

Federal Grants
up arrow 15%

People Management
up arrow 2%

National Average
$57,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 78 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
26%
10-19 years
38%
20 years or more
16%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 69%
vision benefits Vision: 57% employee benefits None: 15%