Financial Aid Director Salary

A little more than half of Financial Aid Directors in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $39K to $85K per year, and the average comes out to $59K annually. Geography is the biggest factor affecting pay for this group, followed by experience level. Men are in the minority of survey respondents, with female Financial Aid Directors making up 77 percent. Job satisfaction is high and work is enjoyable for most Financial Aid Directors. Medical benefits are awarded to most, and a strong majority earn dental coverage. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$40,420 - $85,350
(Median)
$40K
$59K
$85K
MEDIAN: $59,048
10%
50%
90%

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$12.04 - $24.94
(Median)
$12
$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$29K$58K$87K
Salary
$40,420 - $85,350  
   
Bonus
$0.00 - $1,935  
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).
)
$38,833 - $85,493  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 375
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
$12.04 - $24.94  
   
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 - $1,935  
   
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).
)
$38,833 - $85,493  
Country: United States | Currency: USD | Updated: 2 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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Financial Aid Directors usually report a few specific 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 6 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 with a rich background of experience are typically rewarded with larger paychecks. Survey participants with less than five years' experience pocket $46K on average, but those with five to 10 years of experience enjoy a much bigger median of $57K. On average, Financial Aid Directors make $64K following one to two decades on the job. Financial Aid Directors who have spent more than 20 years on the job report earning a significantly higher median of $74K.

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Experience Affects Financial Aid Director Salaries

Late-Career
up arrow 28%

Experienced
up arrow 11%

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 17%

Federal Grants
up arrow 6%

People Management
0%

National Average
$58,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 66 votes.

Gender

Female
77 %
Male
23 %

Years of Experience

Less than 1 year
1%
1-4 years
18%
5-9 years
29%
10-19 years
36%
20 years or more
16%

Common Health Benefits

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