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Financial Aid Officer Salary (United States)

Pay for Financial Aid Officers in the United States is very modest at just $37K per year. Compensation ranges from $27K on the lower end to $47K per year on the higher end. A fair number report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is high and work is enjoyable for most Financial Aid Officers. Men are in the minority of survey respondents, with female Financial Aid Officers making up 75 percent.
Financial Aid Officer Salary (?
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.
)
$28,667 - $49,472
(Median)
29K
33K
43K
49K
MEDIAN: $36,510
10%
25%
75%
90%
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Financial Aid Officer Salary (?
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.
)
$11.73 - $19.13
(Median)
12
16
18
MEDIAN: $15.00
10%
50%
75%
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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
$28,667 - $49,472  
   
Bonus
$0.00 - $1,536  
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).
)
$26,504 - $46,795  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 228
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
$11.73 - $19.13  
   
Overtime
$16.69 - $31.12  
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 - $1,536  
   
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).
)
$26,504 - $46,795  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 147
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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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Professional skills reported by Financial Aid Officers are few in number. Federal Grants and Customer Service are considered valuable skills and can increase employee pay. It is not unusual for someone who knows Customer Service to be familiar with Federal Grants as well.

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

Experienced
up arrow 19%
Mid-Career
up arrow 7%
National Average
$36,000
Entry-Level
up arrow 2%

Skills That Affect Financial Aid Officer Salaries

Federal Grants
up arrow 3%
Customer Service
up arrow 2%
National Average
$36,000

Job Satisfaction

Highly satisfied Image
Highly satisfied
Rated 4 out of 5 based on 91 votes.

Gender

Female
75%
female alumni
 
Male
25%
male alumni

Years of Experience

Less than 1 year
7%
1-4 years
65%
5-9 years
19%
10-19 years
7%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 73%
vision benefits Vision: 59% employee benefits None: 17%