How much does a financial aid counselor make?

How much does a financial aid counselor make?

The average pay for a Financial Aid Counselor is $55,519 a year and $27 an hour in the United States. The average salary range for a Financial Aid Counselor is between $40,553 and $67,946. On average, a Bachelor’s Degree is the highest level of education for a Financial Aid Counselor.

How do I become a good financial aid advisor?

You should also have a strong working knowledge of all federal and state regulations related to financial aid. Having strong computer literacy, written and verbal communication, and customer service skills are all important aspects of the job.

What do I need to know about working for financial aid?

FAOs assess students’ needs, determine eligibility, help complete paperwork, and work with loan-takers to make certain they pay the money back. Many are former (or current) clients of the national financial aid system, and view their roles as student financial advocates.

What are the main roles and functions of the financial aid office?

What does the financial aid office do?

• Learn about both federal and private student aid options, including aid programs for that specific school.
• Find out about deadlines for student aid applications.
• Obtain forms and money management guidance.
• Award and process your financial aid and any loan applications you submit.

What does a college financial aid advisor do?

A Financial Aid Advisor is responsible for providing advice and guidance to students, prospective students, parents, staff and the community regarding financial aid programs, application procedures, budget development, debt management and the effective use of student financial resources available for education; …

What is an associate director of financial aid?

The Associate Director, Student Financial Aid oversees major functional areas in Financial Aid and has systems management experience with a highly automated financial aid management system as well as a working knowledge of the overall operation of the Student Financial Aid Office.

What does a financial aid analyst do?

Collect and/or review financial aid documents to determine completeness and eligibility for financial aid based on federal and state regulations. Verify accuracy of documents and consistency of data from federal tax returns, verification document and students information and Satisfactory Academic Progress Appeals.

What is the role of a financial aid advisor?

Why is financial aid office important?

A Financial Aid Office is the office at a college or career school that is responsible for preparing and communicating information on financial aid. This office helps students apply for and receive student loans, grants, scholarships, and other types of financial aid.

Are college planners worth the money?

In general, college planning services can be well worth the cost if they result in a larger financial aid package. Most services provide a college planning checklist, which includes important deadlines for forms and applications, as well as a timeline for all events, from application to enrollment.

How much do college planners charge?

A quarter of consultants charge more than $200 per hour while 15 percent charge less. Comprehensive package fees can range from a low of $850 up to a high of $10,000. For a family with limited resources, hiring a college consultant can be a significant cost.

What is the job description of financial aid counselor?

Financial Aid Counselor – Higher Education Job Description. The primary responsibility of the financial aid counselor is to help families and prospective students with the application process. The financial aid counselor is often referred to as an advisor or representative and participates in the various aspects of the financial aid program.

Does financial aid pay for part time?

Federal financial aid gives students grants, which they do not have to pay back, and loans, which they eventually repay, as well as offering students the opportunity to work part-time in exchange for part of their tuition. Some students attend school part time because of other obligations or to reduce costs.

What is the job of a financial counselor?

Job Duties. Financial aid counselors are trained in government and private resources for funding a college education. They work closely with parents and students to outline a plan for paying for school, including personal finances, student loans, government grants and private scholarships.

What is the average financial aid?

At some schools, the average financial aide package for families with need is $28,448, and at other schools the average is much lower. At schools where only Federal aide is offered, the average package is $13,218 per student. While this sounds like a dramatic difference, you have to consider the dramatic difference in cost of attendance.