Financial Aid Director Salary

With a little 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 $40K to $88K per year and averages out to $60K per year. Geographic location and career length each impact pay for this group, with the former having the largest influence. The majority of Financial Aid Directors claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Most Financial Aid Directors survey respondents are women (76 percent).

$40,966 - $88,342
(Median)
$41K
$60K
$88K
MEDIAN: $60,064
10%
50%
90%

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$12.24 - $36.89
(Median)
$12
$19
$37
MEDIAN: $18.00
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$30K$60K$90K
Salary
$40,966 - $88,342  
   
Bonus
$0.00 - $2,208  
Profit Sharing
$1,000  
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).
)
$39,775 - $88,180  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 402
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
$12.24 - $36.89  
   
Overtime
$18.00  
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 - $2,208  
   
Profit Sharing
$1,000  
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).
)
$39,775 - $88,180  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 24
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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 focused set of job skills. Most notably, skills in Budget Management, Federal Grants, Regulatory Compliance, and Loan Processing are correlated to pay that is above average, with boosts between 6 percent and 14 percent. Many workers who know Budget Management also know Federal Grants.

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, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Workers in their first five years can expect to earn $47K, but people who have been around for five to 10 years earn a noticeably bigger sum of $58K. Financial Aid Directors claiming one to two decades of experience make an estimated median of $66K. Financial Aid Directors who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $73K on average.

Financial Aid Director Advice

What do you wish you knew about your job when you first started out?

Financial Aid Director in Albuquerque:
"Understaffed in Financial Aid Department."
If the school is struggling financially and is understaffed, keep asking for an additional employee and utilize all the help you can get. Very demanding position, be prepared to be challenged mentally. Stress level is high if company is understaffed.

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Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 23%


National Average
$59,000

Mid-Career
up arrow 2%

Entry-Level
up arrow 22%

Skills That Affect Financial Aid Director Salaries



Regulatory Compliance
up arrow 6%

National Average
$59,000

Loan Processing
up arrow 1%

People Management
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 68 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
0%
1-4 years
18%
5-9 years
28%
10-19 years
33%
20 years or more
20%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 72%
medical benefits
Vision: 57%
dental benefits
None: 15%
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