Financial Aid Officer Salary

Financial Aid Officers in the United States are not likely to strike it rich; they only make around $39K annually on average. Earnings generally vary between $29K and $50K per year. Experience level is the biggest factor affecting pay for this group, followed by geography. Although a strong majority have medical coverage and the larger part have dental coverage, close to one-fourth claim no health benefits at all. Job satisfaction is considered about average by most people in this profession. This report is based on responses to the PayScale salary survey.

$29,278 - $50,442
$29K
$39K
$50K
MEDIAN: $39,052
10%
50%
90%

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$14.15 - $22.69
$14
$17
$23
MEDIAN: $16.92
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
$29,278 - $50,442  
   
Bonus
$0.00 - $2,250  
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).
)
$29,446 - $49,923  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 85
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
$14.15 - $22.69  
   
Overtime
$21.27 - $37.09  
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 - $2,250  
   
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).
)
$29,446 - $49,923  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 55

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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


Just a handful of professional skills are reported by Financial Aid Officers who took the survey. Those who have experience with Loan Processing, Federal Grants, and Customer Service can expect to be compensated well for these skills. For most people, competency in Customer Service indicates knowledge of Loan Processing.

Pay by Experience Level for Financial Aid Officer

Pay by Experience for a Financial Aid Officer has a positive trend. An entry-level Financial Aid Officer with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 87 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Officer with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $40,000 based on 61 salaries. An experienced Financial Aid Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $38,000 based on 18 salaries. A Financial Aid Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 5 salaries.

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
69 %
Male
31 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.
Less than 1 year
4%
1-4 years
42%
5-9 years
40%
10-19 years
12%
20 years or more
2%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Officer Salaries

Late-Career
▲32%

▲4%

National Average
$38,000

▼1%

▼2%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
▲13%

Federal Grants
▼0%

National Average
$38,000


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 21 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
4%
1-4 years
42%
5-9 years
40%
10-19 years
12%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 61%
vision benefits
Vision: 52%
no benefits
None: 25%