Financial Aid Officer Salary

Those pursuing careers as Financial Aid Officers in the United States may have to make do with less; average incomes for people in this area hover around only $39K per year. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is considered about average by most people in this profession. Most Financial Aid Officers survey respondents are women (72 percent). While some workers in this profession — about a fifth — do not have any health coverage, a fair number do receive medical benefits and a majority have dental insurance. This report is based on answers to PayScale's salary questionnaire.

$29,506 - $50,253
$30K
$40K
$50K
MEDIAN: $40,027
10%
50%
90%

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$13.85 - $22.54
$14
$17
$23
MEDIAN: $17.21
10%
50%
90%

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$0$50K
Salary $29,506 - $50,253
Bonus $0.00 - $2,466
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).
)
$29,216 - $49,606
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 79
Hourly Data $0$31
Hourly Rate $13.85 - $22.54
Overtime $17.50 - $31.82
Annual Data $0$49K
Bonus $0.00 - $2,466
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).
)
$29,216 - $49,606
  • Country: United States
  • Currency: USD
  • Updated: 21 Sep 2017
  • Individuals Reporting: 53

Find Out Exactly What You Should Be Paid

United States (change)

Job Description for Financial Aid Officer

A financial aid officer's main responsibility is to make sure that students have the financial resources that they need to attend their institution (typically a college or university). They keep track of all financial aid packages offered by their institution and explain them to students, as well as help determine if students are qualified for those packages. Additionally, financial aid officers are responsible for supporting other departments as needed, such as by assisting with state and federal reporting, presentations, and any other duties as assigned.

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Financial Aid Officer Tasks

  • Create, negotiate, and communicate financial aid plans for students that fit with existing resources and policies.
  • Oversee specific programs like the federal work-study program, exchange/visiting students, Title IV, etc.
  • Verify and certify loan applications, then follow through to collections, including all documentation.
  • Assist students and parents with paperwork, eligibility questions, and handling awards.

Financial Aid Officer Job Listings

Popular Skills for Financial Aid Officer


Job skills reported by Financial Aid Officers are limited. Those who have experience with Loan Processing, Federal Grants, and Customer Service can expect to be compensated well for these skills. Those familiar with Customer Service also tend to know Loan Processing.

Pay by Experience Level for Financial Aid Officer

Pay by Experience for a Financial Aid Officer has a positive trend. An entry-level Financial Aid Officer with less than 5 years of experience can expect to earn an average total compensation of $38,000 based on 87 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Aid Officer 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 61 salaries. An experienced Financial Aid Officer which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $38,000 based on 18 salaries. A Financial Aid Officer with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $51,000 based on 5 salaries.

Financial Aid Officer Reviews

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

Financial Aid Officer in Richardson:
"Student Dreams."
Pros: Helping students decide on a major that is in conjunction with their dreams and desired goal.
Cons: I will begin March 31st.

Related Job Salaries

Key Stats for Financial Aid Officer

Gender

Female
73 %
Male
27 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.
Less than 1 year
6%
1-4 years
36%
5-9 years
43%
10-19 years
14%
20 years or more
2%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Aid Officer Salaries

Late-Career
▲29%

▲2%

National Average
$39,000

▼3%

▼4%

Skills That Affect Financial Aid Officer Salaries

Loan Processing
▲11%

National Average
$39,000

Federal Grants
▼2%


Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
73 %
Male
27 %

Years of Experience

Less than 1 year
6%
1-4 years
36%
5-9 years
43%
10-19 years
14%
20 years or more
2%

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 62%
vision benefits
Vision: 53%
no benefits
None: 26%
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