Pay for Financial Aid Officers in the United States is very modest at just $39K per year. Earnings generally vary between $29K and $50K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most Financial Aid Officers survey respondents are women (73 percent). Health benefits are not enjoyed by everyone in this line of work, and just over one in five lack any coverage at all. Medical benefits are reported by a fair number and dental coverage is claimed by more than half. Job satisfaction is considered about average by most people in this profession.

$29,463 - $50,324
(Median)
$29K
$39K
$50K
MEDIAN: $38,810
10%
50%
90%

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$13.48 - $22.28
(Median)
$13
$17
$22
MEDIAN: $17.00
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$17K$34K$51K
Salary
$29,463 - $50,324  
   
Bonus
$0.00 - $2,043  
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).
)
$29,125 - $49,612  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 96
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$12$24$36
Hourly Rate
$13.48 - $22.28  
   
Overtime
$19.63 - $35.76  
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$24K$48K$72K
Bonus
$0.00 - $2,043  
   
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).
)
$29,125 - $49,612  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 65
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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

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Popular Skills for Financial Aid Officer


Survey takers who work as Financial Aid Officers usually report a few specific skills. Those who have experience with Loan Processing, Customer Service, and Federal Grants can expect to be compensated well for these skills. Skills that pay less than market rate include Federal Grants and Customer Service. Most people experienced in Customer Service also know Loan Processing.

Pay by Experience Level for Financial Aid Officer

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


People who have worked for fewer than five years bring home $38K on average. Median compensation in the five-to-10 year group, however, is higher at approximately $40K. On average, Financial Aid Officers make $38K following one to two decades on the job. Survey participants who have worked for more than two decades report bringing in $51K on average.

Financial Aid Officer Reviews

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.

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Experience Affects Financial Aid Officer Salaries

Late-Career
up arrow 33%


Experienced
up arrow 1%

National Average
$38,000

Entry-Level
up arrow 2%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
up arrow 14%

National Average
$38,000

Customer Service
up arrow 3%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
4%
1-4 years
44%
5-9 years
36%
10-19 years
13%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 75%
dental benefits
Dental: 62%
medical benefits
Vision: 52%
dental benefits
None: 22%
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