Financial Aid Officer Salary

Financial Aid Officers in the United States may have to scrimp and save; the median compensation is $38K annually. Compensation ranges from $27K on the lower end to $49K per year on the higher end. Experience level is the biggest factor affecting pay for this group, followed by geography. Work is enjoyable for Financial Aid Officers, who typically claim high levels of job satisfaction. A strong majority enjoy medical while a fair number get dental coverage. Vision coverage is also available to a majority. Most Financial Aid Officers survey respondents are women (75 percent).

$28,245 - $50,497

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$12.41 - $19.27

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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
$28,245 - $50,497  
   
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).
)
$27,223 - $48,785  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 202
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$11$22$33
Hourly Rate
$12.41 - $19.27  
   
Overtime
$19.08 - $32.53  
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$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).
)
$27,223 - $48,785  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 113
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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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Just a handful of professional skills are reported by Financial Aid Officers who took the survey. Federal Grants and Customer Service are considered valuable skills and can increase employee pay. Customer Service and Federal Grants are also commonly seen together.

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 13%

Mid-Career
up arrow 5%

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 68 votes.

Gender

Female
75 %
Male
25 %

Years of Experience

Less than 1 year
4%
1-4 years
61%
5-9 years
23%
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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