$62,727
Avg. Salary
$21.54
Avg. Hourly Rate

Average additional compensation:

$0.00

Bonus

$0.00

Profit Sharing

What am I worth?
How should I pay?

The average pay for a Financial Aid Director is $21.54 per hour.

The average pay for a Financial Aid Director is $62,727 per year.

$17.06
10%
$21.54
50%
$34.49
90%
MEDIAN $21.54
$44k
10%
$63k
50%
$92k
90%
MEDIAN $62,727
$44,487 - $91,685
$44K
$63K
$92K
MEDIAN: $62,727
10%
50%
90%

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$17.06 - $34.49
$17
$22
$34
MEDIAN: $21.54
10%
50%
90%

Add this chart to your site: 640px    300px

$0$91K
Salary $44,487 - $91,685
Bonus $0.00 - $5,106
Profit Sharing $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).
)
$42,784 - $91,032
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2019
  • Individuals Reporting: 444
Hourly Data $0$42
Hourly Rate $17.06 - $34.49
Overtime $0.00 - $42.57
Annual Data $0$91K
Bonus $0.00 - $5,106
Profit Sharing $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).
)
$42,784 - $91,032
  • Country: United States
  • Currency: USD
  • Updated: 11 Jan 2019
  • Individuals Reporting: 36

Job Description for Financial Aid Director

Financial aid directors are hired by various institutions that have financial aid departments; any operation that facilitates payment for products or services can be referred to as financial aid. These operations include offering grants, managing loans, providing payment plans, and determining eligibility for aid. The director of the financial aid department has to orchestrate all these operations by managing the existing financial aid programs and implementing new ones as needed.

Read More...
Financial Aid Director Tasks
  • Manage the operation of the financial aid office and administer programs which provide financial aid to students.
  • Prepare applications for private, local, state, and federal funding and coordinate department during audits.
  • Provide information to students on aid programs, maintain student records, evaluate aid applications, and ensure aid is correctly disbursed.
  • Propose and implement financial aid policies and procedures, and ensure compliance with state and federal regulations.
  • Hire, train, supervise, direct, and evaluate staff working in the financial aid department.

Financial Aid Director Job Listings

Popular Skills for Financial Aid Director


Financial Aid Directors generally report applying a varied skill set to their work. Most notably, skills in Budget Management, People Management, Federal Grants, and Regulatory Compliance are correlated to pay that is above average, with boosts between 4 percent and 7 percent. Skills that are correlated to lower pay, on the other hand, include Loan Processing. Those proficient in Budget Management are, more often than not, also skilled in People Management.

Pay by Experience Level for Financial Aid Director

Pay by Experience for a Financial Aid Director has a positive trend. An entry-level Financial Aid Director with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 58 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Director with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $60,000 based on 90 salaries. An experienced Financial Aid Director which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $73,000 based on 88 salaries. A Financial Aid Director with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 51 salaries.

Financial Aid Director Advice

Q: What is it like working as a Financial Aid Director?

Financial Aid Director in Albuquerque:
"Understaffed in Financial Aid Department."
If the school is struggling financially and is understaffed, keep asking for an additional employee and utilize all the help you can get. Very demanding position, be prepared to be challenged mentally. Stress level is high if company is understaffed.

Related Job Salaries

Key Stats for Financial Aid Director

Gender

Female
76 %
Male
24 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.
Less than 1 year
1%
1-4 years
13%
5-9 years
29%
10-19 years
34%
20 years or more
23%

Related Jobs

Experience Affects Financial Aid Director Salaries

▲18%

▲14%

National Average
$62,000

▼2%

▼25%

Skills That Affect Financial Aid Director Salaries




Regulatory Compliance
▲2%

National Average
$62,000

Loan Processing
▼4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 69 votes.

Gender

Female
76 %
Male
24 %

Years of Experience

Less than 1 year
1%
1-4 years
13%
5-9 years
29%
10-19 years
34%
20 years or more
23%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 70%
vision benefits
Vision: 58%
no benefits
None: 17%