Financial Aid Officer Salary

Financial Aid Officers in the United States are not likely to strike it rich; they only make around $39K annually on average. Career length is the biggest factor affecting pay for this group, followed by geography. While some workers in this profession — between a fifth and a fourth — do not have any health coverage, a strong majority do receive medical benefits and the larger part have dental insurance. Though the majority of Financial Aid Officers do not report high levels of job satisfaction, most are moderately content with their role. Men are in the minority of survey respondents, with female Financial Aid Officers making up 73 percent. This report is based on answers to PayScale's salary questionnaire.

$29,325 - $50,079
$29K
$39K
$50K
MEDIAN: $39,361
10%
50%
90%

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$13.94 - $22.59
$14
$17
$23
MEDIAN: $16.81
10%
50%
90%

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$0$50K
Salary $29,325 - $50,079
Bonus $0.00 - $2,447
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).
)
$29,237 - $49,377
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 75
Hourly Data $0$31
Hourly Rate $13.94 - $22.59
Overtime $19.49 - $31.35
Annual Data $0$49K
Bonus $0.00 - $2,447
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).
)
$29,237 - $49,377
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 58

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United States (change)

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Job Description for Financial Aid Officer

A financial aid officer's main responsibility is to make sure that students have the financial resources that they need to attend their institution (typically a college or university). They keep track of all financial aid packages offered by their institution and explain them to students, as well as help determine if students are qualified for those packages. Additionally, financial aid officers are responsible for supporting other departments as needed, such as by assisting with state and federal reporting, presentations, and any other duties as assigned.

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Financial Aid Officer Tasks

  • Verify and certify loan applications, then follow through to collections, including all documentation.
  • Assist students and parents with paperwork, eligibility questions, and handling awards.
  • Create, negotiate, and communicate financial aid plans for students that fit with existing resources and policies.
  • Oversee specific programs like the federal work-study program, exchange/visiting students, Title IV, etc.

Financial Aid Officer Job Listings

Popular Skills for Financial Aid Officer


Financial Aid Officers who responded to the survey report just a handful of professional skills. Those who have experience with Loan Processing, Federal Grants, and Customer Service can expect to be compensated well for these skills. Most people who know Customer Service also know Loan Processing.

Pay by Experience Level for Financial Aid Officer

Pay by Experience for a Financial Aid Officer has a positive trend. An entry-level Financial Aid Officer with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 87 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 61 salaries. An experienced Financial Aid Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $38,000 based on 18 salaries. A Financial Aid Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 5 salaries.

Financial Aid Officer Reviews

Q: What is it like working as a Financial Aid Officer?

Financial Aid Officer in Richardson:
"Student Dreams."
Pros: Helping students decide on a major that is in conjunction with their dreams and desired goal.
Cons: I will begin March 31st.

Related Job Salaries

Key Stats for Financial Aid Officer

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.
Less than 1 year
5%
1-4 years
37%
5-9 years
41%
10-19 years
15%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Officer Salaries

Late-Career
▲30%

▲3%

National Average
$39,000

▼2%

▼3%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
▲12%

National Average
$39,000

Federal Grants
▼1%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 22 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
5%
1-4 years
37%
5-9 years
41%
10-19 years
15%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 65%
vision benefits
Vision: 55%
no benefits
None: 22%
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