Financial Aid Director Salary

Financial Aid Directors who are practiced in their profession and carry more than 10 years of experience make up a little over a half of Financial Aid Directors. Pay fluctuates from $41K to $90K per year, but expected earnings average $62K per year. Residence and career duration each impact pay for this group, with the former having the largest influence. A fair number report receiving medical coverage from their employers and more than half collect dental insurance. Most Financial Aid Directors survey respondents are women (72 percent). Job satisfaction for Financial Aid Directors is high. The numbers in this rundown were provided by PayScale's salary survey participants.

$42,769 - $90,702
$43K
$62K
$91K
MEDIAN: $61,982
10%
50%
90%

Add this chart to your site: 640px    300px

$16.48 - $34.49
$16
$21
$34
MEDIAN: $20.51
10%
50%
90%

Add this chart to your site: 640px    300px

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
$42,769 - $90,702  
   
Bonus
$0.00 - $3,020  
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).
)
$41,085 - $90,178  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 232
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
$16.48 - $34.49  
   
Overtime
$30.04  
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 - $3,020  
   
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).
)
$41,085 - $90,178  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 16

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

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.

Read More...

Financial Aid Director Tasks

  • 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.
  • Provide information to students on aid programs, maintain student records, evaluate aid applications, and ensure aid is correctly disbursed.
  • 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.

Financial Aid Director Job Listings

Search for more jobs:

Popular Skills for Financial Aid Director


Survey takers who work as Financial Aid Directors typically report just a few professional skills. Most notably, skills in Budget Management, People Management, Federal Grants, and Regulatory Compliance are correlated to pay that is above average, with boosts between 3 percent and 7 percent. Skills that seem to negatively impact pay include Loan Processing. Most people experienced in 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.


Experience does not seem to be a strong driver of pay increase in this role. The average beginner in this position makes around $47K, but folks who have been around for five to 10 years see a markedly higher median salary of $60K. People with 10 to 20 years of experience make an average of about $68K in this role. Individuals who have achieved more than 20 years of experience don't seem to earn much more than people who have 10 to 20 years under their belts; the more senior group reports an average income of $70K.

Related Job Salaries

Key Stats for Financial Aid Director

Gender

Female
72 %
Male
28 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.
Less than 1 year
1%
1-4 years
16%
5-9 years
28%
10-19 years
33%
20 years or more
22%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Director Salaries

▲15%

▲10%

National Average
$61,000

▼2%

▼23%

Skills That Affect Financial Aid Director Salaries




Regulatory Compliance
▲3%

National Average
$61,000

Loan Processing
▼3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 27 votes.

Gender

Female
72 %
Male
28 %

Years of Experience

Less than 1 year
1%
1-4 years
16%
5-9 years
28%
10-19 years
33%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 69%
vision benefits
Vision: 56%
dental benefits
None: 20%
ADVERTISEMENT