Financial Aid Advisor Salary

Financial Aid Advisors in the United States are not likely to strike it rich; they only make around $39K annually on average. Earnings sit near $28K on the lower side but can approach $49K per year on the higher side. Career duration is the biggest factor affecting pay for this group, followed by geography. Work is enjoyable for Financial Aid Advisors, who typically claim high levels of job satisfaction. More than half of Financial Aid Advisors (66 percent) survey participants are women. A strong majority enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part. This overview is based on answers to PayScale's salary questionnaire.

$28,910 - $51,465
$29K
$39K
$51K
MEDIAN: $38,770
10%
50%
90%

Add this chart to your site: 640px    300px

$12.11 - $21.00
$12
$17
$21
MEDIAN: $16.80
10%
50%
90%

Add this chart to your site: 640px    300px

$0$51K
Salary $28,910 - $51,465
Bonus $0.00 - $745
Profit Sharing $3,500
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).
)
$27,469 - $49,784
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 93
Hourly Data $0$31
Hourly Rate $12.11 - $21.00
Overtime $22.54 - $31.12
Annual Data $0$49K
Bonus $0.00 - $745
Profit Sharing $3,500
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).
)
$27,469 - $49,784
  • Country: United States
  • Currency: USD
  • Updated: 14 Oct 2017
  • Individuals Reporting: 63

Job Description for Financial Aid Advisor

Financial aid advisors are employed primarily by colleges, universities, and even some private secondary and "prep" schools. It is the job of these specialized counselors to assist students and families in finding the means to pay for educational services and matching appropriate aid programs, as well as completing and filing necessary paperwork. These advisors also inform students of new programs, scholarships, loans, and grant programs for which the student/s may qualify.

Read More...

Financial Aid Advisor Tasks

  • Counsel students and parents about self-help financial aid programs, eligibility requirements, and application processes.
  • Plan and perform financial aid workshops to staff and students.
  • Assist in the review of students' financial aid applications.
  • Coordinate and administer financial aid appeals.
  • Package, award, and disburse funds to students.

Common Career Paths for Financial Aid Advisor


Add this chart to your site:   640px 640px    300px 300px


Many Financial Aid Advisors move into a Financial Aid Director role, and folks who currently hold that position report a much higher median income of $56K per year.

Financial Aid Advisor Job Listings

Pay by Experience Level for Financial Aid Advisor

Pay by Experience for a Financial Aid Advisor has a positive trend. An entry-level Financial Aid Advisor with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 98 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Advisor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $39,000 based on 51 salaries. An experienced Financial Aid Advisor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $40,000 based on 23 salaries. A Financial Aid Advisor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $48,000 based on 5 salaries.

Related Job Salaries

Key Stats for Financial Aid Advisor

Gender

Female
69 %
Male
31 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.
Less than 1 year
3%
1-4 years
50%
5-9 years
28%
10-19 years
17%
20 years or more
3%

Experience Affects Financial Aid Advisor Salaries

Late-Career
▲27%

Experienced
▲6%

▲5%

National Average
$38,000

▼5%

Skills That Affect Financial Aid Advisor Salaries

Financial Advisor
▼0%

National Average
$38,000


Federal Grants
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 32 votes.

Gender

Female
69 %
Male
31 %

Years of Experience

Less than 1 year
3%
1-4 years
50%
5-9 years
28%
10-19 years
17%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 73%
dental benefits
Dental: 67%
vision benefits
Vision: 57%
no benefits
None: 22%