Financial Aid Counselor (School/College/University) Salary

College Financial Aid Counselors aren't exactly in the most profitable line of business; these folks earn a belt-tightening average of $39K annually. Compensation ranges from $28K on the lower end to $50K per year on the higher end. Most claim medical and dental insurance and the larger part get vision coverage. Women make up the vast majority of College Financial Aid Counselors (83 percent) who answered the questionnaire. Most workers in this position report moderate levels of job satisfaction.

$29,520 - $50,628
$30K
$39K
$51K
MEDIAN: $39,043
10%
50%
90%

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$12.82 - $21.76
$13
$17
$22
MEDIAN: $16.53
10%
50%
90%

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$0$50K
Salary $29,520 - $50,628
Bonus $0.00 - $1,350
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).
)
$28,110 - $49,960
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 164
Hourly Data $0$36
Hourly Rate $12.82 - $21.76
Overtime $20.10 - $36.49
Annual Data $0$49K
Bonus $0.00 - $1,350
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).
)
$28,110 - $49,960
  • Country: United States
  • Currency: USD
  • Updated: 12 Sep 2017
  • Individuals Reporting: 75

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Financial Aid Counselor (School/College/University)

Financial aid counselors are responsible for helping students at post-secondary institutions to obtain private and/or government financial aid, grants, and scholarships, as well as provide information regarding available student loans from both private and government institutions.

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Financial Aid Counselor (School/College/University) 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 Counselor (School/College/University)


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College Financial Aid Counselors often transition into Financial Aid Director positions, for which compensation tends to be much higher. On average, Financial Aid Directors earn $56K per year. The most common career progression for College Financial Aid Counselors leads to becoming a Financial Aid Counselor, where pay is typically $34K. However, many College Financial Aid Counselors also opt to become Assistant Directors of Financial Aid, a position that pays $45K on average.

Financial Aid Counselor (School/College/University) Job Listings

Popular Skills for Financial Aid Counselor (School/College/University)


College Financial Aid Counselors who responded to the survey report just a handful of professional skills. Those who have experience with Microsoft Excel, Customer Service, and Microsoft Office can expect to be compensated well for these skills. Skills that seem to negatively impact pay include Microsoft Office and Customer Service. Aptitude in Customer Service tends to also indicate an understanding of Microsoft Office.

Pay by Experience Level for Financial Aid Counselor (School/College/University)

Pay by Experience for a Financial Aid Counselor (School/College/University) has a positive trend. An entry-level Financial Aid Counselor (School/College/University) with less than 5 years of experience can expect to earn an average total compensation of $35,000 based on 111 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Counselor (School/College/University) 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 69 salaries. An experienced Financial Aid Counselor (School/College/University) which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $39,000 based on 44 salaries. A Financial Aid Counselor (School/College/University) with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $40,000 based on 13 salaries.

Financial Aid Counselor (School/College/University) Reviews

Q: What is it like working as a Financial Aid Counselor (School/College/University)?

Financial Aid Counselor (School/College/University) in Houghton:
"Financial Aid - being honest with families."
Pros: Helping students; awarding scholarships; learning about what students are studying and what plans they have for the future. I also found the level of stress to be much lower then my previous job. Being able to obtain my MBA while working is also a huge perk.
Cons: Having tough conversations with families; not having enough gift aid (institutional, state and federal) to help every student; explaining the rising costs of education and having absolutely no say in the matter (deflecting blame from our administration); dealing with educational policy is also frustrating.

Financial Aid Counselor (School/College/University) in Bloomington:
Pros: Atmosphere. Co-workers.
Cons: Monotonous work.

Related Job Salaries

Key Stats for Financial Aid Counselor (School/College/University)

Gender

Female
83 %
Male
17 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 45 votes.
Less than 1 year
3%
1-4 years
44%
5-9 years
25%
10-19 years
21%
20 years or more
6%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Counselor (School/College/University) Salaries

▲7%

▲5%

Late-Career
▲5%

National Average
$38,000

▼6%

Skills That Affect Financial Aid Counselor (School/College/University) Salaries

National Average
$38,000

Microsoft Excel
▼2%



Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 45 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
3%
1-4 years
44%
5-9 years
25%
10-19 years
21%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 79%
vision benefits
Vision: 65%
no benefits
None: 16%
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