The average pay for a Financial Aid Director with Regulatory Compliance skills is $27.51 per hour.
The average pay for a Financial Aid Director with Regulatory Compliance skills is $68,190 per year.
|Salary||$51,529 - $92,336|
|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).)
|$50,963 - $91,295|
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 departments generally have a hierarchy of employees handling tasks that range from answering phones to extending loan offers. It is ultimately the director's job to ensure that the financial aid staff is applying protocol when running operations. The director holds regular meetings to discuss the protocol of their institution and any pending cases; something becomes a pending case when the relevant committee is not able to reach a decision as to whether or not an applicant qualifies for financial aid. It is the financial aid director's job to rule in these cases, sometimes after meeting with the applicant.
It might occasionally be necessary for this director to work extra hours (i.e. when meeting bank deadlines or at the end of the fiscal year). Otherwise, a financial aid director work standard daytime office hours. Most jobs require at least a bachelor's degree in business, finance, or a related field, as well as extensive relevant experience. (Copyright 2019 PayScale.com)
- 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
Key Stats for Financial Aid Director
Rated 5 out of 5
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