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 $39K annually. Pay generally varies between $27K and $49K per year. Career length 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. Medical benefits are awarded to a strong majority, and more than half earn dental coverage. Most Financial Aid Officers report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.

$27,890 - $50,733
(Median)
$28K
$39K
$51K
MEDIAN: $38,771
10%
50%
90%

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$12.70 - $19.64
(Median)
$13
$17
$20
MEDIAN: $16.00
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
$27,890 - $50,733  
   
Bonus
$0.00 - $602  
Profit Sharing
$1,000  
Commission
$0.00  
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).
)
$27,363 - $49,339  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 190
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
$12.70 - $19.64  
   
Overtime
$20.37 - $32.58  
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 - $602  
   
Commission
$0.00  
Profit Sharing
$1,000  
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).
)
$27,363 - $49,339  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 115
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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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Popular Skills for Financial Aid Officer


Financial Aid Officers report a focused set of job skills. Those who have experience with Loan Processing, Federal Grants, and Customer Service can expect to be compensated well for these skills. Those proficient in Customer Service are, more often than not, also skilled in Loan Processing.

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 10%

Mid-Career
up arrow 4%

National Average
$37,000

Entry-Level
up arrow 2%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
up arrow 6%

National Average
$37,000

Federal Grants
up arrow 1%

Customer Service
up arrow 2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 61 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
4%
1-4 years
56%
5-9 years
27%
10-19 years
11%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 69%
medical benefits
Vision: 56%
dental benefits
None: 19%
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