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Financial Aid Officer Salary

Financial Aid Officers in the United States may have to scrimp and save; the median compensation is $37K annually. Pay generally varies between $27K and $48K per year. Career duration is the biggest factor affecting pay for this group, followed by geography. A strong majority report receiving medical coverage from their employers and a fair number collect dental insurance. Men are in the minority of survey respondents, with female Financial Aid Officers making up 76 percent. Most Financial Aid Officers report high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.

$28,546 - $50,209
(Median)
$29K
$37K
$50K
MEDIAN: $37,192
10%
50%
90%

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$12.16 - $19.18
(Median)
$12
$16
$19
MEDIAN: $16.00
10%
50%
90%

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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
$28,546 - $50,209  
   
Bonus
$0.00 - $993  
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).
)
$26,971 - $48,197  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 211
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
$12.16 - $19.18  
   
Overtime
$17.27 - $31.17  
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 - $993  
   
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).
)
$26,971 - $48,197  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 136

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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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Financial Aid Officers usually report a few specific skills. Federal Grants and Customer Service are considered valuable skills and can increase employee pay. Employees educated in Customer Service are typically practiced in Federal Grants, too.

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.

Related Job Salaries

United States (change)

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

Customer Service
up arrow 1%

Federal Grants
up arrow 1%

National Average
$36,000

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 83 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
5%
1-4 years
64%
5-9 years
20%
10-19 years
9%
20 years or more
2%

Common Health Benefits

medical benefits Medical: 79% dental benefits Dental: 73%
vision benefits Vision: 59% employee benefits None: 18%