Financial Aid Officers in the United States may have to scrimp and save; the median compensation is $39K annually. Pay ranges from $29K on the low end to $50K per year on the high end. Career duration is the biggest factor affecting pay for this group, followed by geography. Men are in the minority of survey respondents, with female Financial Aid Officers making up 73 percent. Although slightly more than a fifth lack health benefits of any kind, a strong majority do enjoy medical insurance, and the larger part get dental coverage, too. Job satisfaction is considered about average by most people in this profession. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$29,463 - $50,339
$29K
$39K
$50K
MEDIAN: $38,986
10%
50%
90%

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$14.01 - $22.40
$14
$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 - $50,339  
   
Bonus
$0.00 - $2,061  
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).
)
$29,440 - $49,800  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | 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$13$26$39
Hourly Rate
$14.01 - $22.40  
   
Overtime
$19.08 - $36.77  
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$26K$52K$78K
Bonus
$0.00 - $2,061  
   
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).
)
$29,440 - $49,800  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 60

Find Out Exactly What You Should Be Paid

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

  • 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.
  • Verify and certify loan applications, then follow through to collections, including all documentation.
  • Assist students and parents with paperwork, eligibility questions, and handling awards.

Financial Aid Officer Job Listings

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Popular Skills for Financial Aid Officer


Financial Aid Officers note just a narrow range of job skills. Those who have experience with Loan Processing, Customer Service, and Federal Grants can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Federal Grants. Those educated in Customer Service tend to be well versed in Loan Processing.

Pay by Experience Level for Financial Aid Officer

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


Salaries for inexperienced workers average out to $40K, and those with five to 10 years' experience earn a higher median of $38K. On average, Financial Aid Officers make $37K following one to two decades on the job. Financial Aid Officers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $51K.

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 25 votes.
Less than 1 year
3%
1-4 years
46%
5-9 years
35%
10-19 years
13%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Officer Salaries

Late-Career
up arrow 32%


National Average
$38,000

Entry-Level
up arrow 1%

Experienced
up arrow 3%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
up arrow 13%

National Average
$38,000



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 25 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
3%
1-4 years
46%
5-9 years
35%
10-19 years
13%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 74%
dental benefits
Dental: 63%
vision benefits
Vision: 53%
dental benefits
None: 22%
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