Financial Aid Officer Salary

Those pursuing careers as Financial Aid Officers in the United States may have to make do with less; average incomes for people in this area hover around only $38K annually. Pay generally varies between $27K and $49K per year. Career length is the biggest factor affecting pay for this group, followed by geography. Job satisfaction is reported as high by the vast majority of workers. A strong majority report receiving medical coverage from their employers and a fair number collect dental insurance. Most Financial Aid Officers survey respondents are women (76 percent). This overview is based on answers to PayScale's salary questionnaire.

$28,307 - $50,303
(Median)
$28K
$38K
$50K
MEDIAN: $37,919
10%
50%
90%

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$12.43 - $19.06
(Median)
$12
$16
$19
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$17K$34K$51K
Salary
$28,307 - $50,303  
   
Bonus
$0.00 - $974  
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).
)
$27,205 - $48,756  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 206
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$11$22$33
Hourly Rate
$12.43 - $19.06  
   
Overtime
$19.16 - $31.99  
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$22K$44K$66K
Bonus
$0.00 - $974  
   
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).
)
$27,205 - $48,756  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 119
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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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Financial Aid Officers who responded to the survey report just a handful of professional skills. Federal Grants and Customer Service are considered valuable skills and can increase employee pay. Employees educated in Customer Service are typically practiced in Federal Grants, too.

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.

Related Job Salaries

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Experience Affects Financial Aid Officer Salaries

Experienced
up arrow 12%

Mid-Career
up arrow 6%

National Average
$36,000

Entry-Level
up arrow 2%

Skills That Affect Financial Aid Officer Salaries

National Average
$36,000

Customer Service
up arrow 1%

Federal Grants
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 72 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
62%
5-9 years
22%
10-19 years
10%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 72%
vision benefits Vision: 58% employee benefits None: 18%
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