Financial Aid Director Salary

With over one-half of Financial Aid Directors in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Financial Aid Directors is $60K annually and can range from $40K on the lower end to $88K per year near the higher end. Residence is the biggest factor affecting pay for this group, followed by tenure. Female Financial Aid Directors make up most of the survey respondents at 76 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to more than half. The majority of Financial Aid Directors claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$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 using a pretty varied skill set on the job. 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. Employees educated in Budget Management are typically practiced in Federal Grants, too.

Pay by Experience Level for Financial Aid Director

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


Experience is an important factor influencing the compensation of Financial Aid Directors. The average worker who claims fewer than five years of experience earns around $47K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $58K. For Financial Aid Directors, 10 to 20 years of experience on the job amounts to an average salary of $66K. Financial Aid Directors who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $73K.

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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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