The average salary for a Financial Aid Director is $63,268.
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$46k - $92k
$0 - $6k
$44k - $92k
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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. Financial ai…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.
Explore the most common career paths for Financial Aid Director. Thickness and color of lines indicates how common a path is.
Financial Aid Director
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)
Financial Aid Director Job Listings
Popular Skills for Financial Aid Director
Skills in Federal Grants, People Management, Budget Management, Regulatory Compliance and Financial Compliance are correlated to pay that is above average.
Pay by Experience Level for Financial Aid Director
An entry-level Financial Aid Director with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $45,686 based on 21 salaries. An early career Financial Aid Director with 1-4 years of experience earns an average total compensation of $51,574 based on 86 salaries. A mid-career Financial Aid Director with 5-9 years of experience earns an average total compensation of $60,687 based on 161 salaries. An experienced Financial Aid Director with 10-19 years of experience earns an average total compensation of $68,500 based on 177 salaries. In their late career (20 years and higher), employees earn an average total compensation of $74,251.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Financial Aid Director in their job title in New York, New York earn an average of 35.8% more than the national average. These job titles also find higher than average salaries in Chicago, Illinois (22.6% more) and Boston, Massachusetts (19.0% more). The lowest salaries can be found in Philadelphia, Pennsylvania (2.4% less) and Nashville, Tennessee (2.0% less).
Years of Experience
This data is based on 540 survey responses.
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