Financial Aid Counselor

October 30, 2016

Financial Aid Counselor Job Description

Loan Counselors Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions. Educational, Vocational, and School Counselors Counsel individuals and provide group educational and vocational guidance services.

Financial Aid Counselor Salary Statistics as of 2015

Average annual salary for a Financial Aid Counselor is $32043 based on statistics in the U.S. as of 2015. The highest salary recorded was $45277. The lowest salary reported was $24984. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Financial Aid Counselor is $15.93 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $22.51. The lowest hourly rate recorded was $12.42. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Financial Aid Counselor are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $450 from people with 15+ years of experience. The average bonus recorded was $1300 from people with under 1 year of experience.

These are the highest paying states for a Financial Aid Counselor. These numbers are based of the median annual salary as of 2015.
California – $38,200 – $62,400
Florida – n/a
Illinois – $24,200 – $37,000
Indiana – n/a
Massachusetts – $30,964 – $42,000
New York – $32,556 – $45,881
Oklahoma – n/a

These are the highest paying cities for a Financial Aid Counselor. These numbers are based of the median annual salary as of 2015.
New York, New York –
Chicago, Illinois –
Knoxville, Tennessee –
Washington, District of Columbia –
Melbourne, Florida –
Tulsa, Oklahoma –

This chart outlines the average annual salary of a Financial Aid Counselor from the past 5 years. In 2015 the average annual salary was $32043 while in 2007 it was just $29716.11

Job Outlook

Gender Statistics

Related Jobs

10%

90%

Based on our stats gathered across the U.S. 10% of Financial Aid Counselors were males while 90% were females. These numbers are based on averages across all states combined. Some individual states may have a much different ratio however.

Past Jobs

Patient Account Representative
$22,212 – $38,514
Administrative Assistant
$21,321 – $43,571
Customer Service Representative (CSR)
$19,511 – $41,589

Future Jobs

Financial Aid Counselor (School/College/University)
$24,822 – $45,471
Financial Aid Director
$35,216 – $81,448
Assistant Director of Financial Aid
$31,866 – $56,962