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Become A Finance Aid Advisor

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Working As A Finance Aid Advisor

  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Persons Outside Organization
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • Stressful

  • $191,286

    Average Salary

What Does A Finance Aid Advisor Do At Kendall College

* _
* Maintain the financial aid student information system, PowerFAIDS, to include annual system set up and coordinating with IT for upgrades and troubleshooting
* Maintain the daily schedule of data exchanges between PowerFAIDS, Banner, and EdConnect
* Award federal financial aid programs
* Adjust financial aid awards to include performing the Return to Title IV Funds calculation
* Process federal financial aid originations, disbursements, and adjustments via the Common Origination and Disbursement (COD) system
* Prepare and/or process student aid disbursements and disbursement reconciliations
* Run reports and monitor student enrollment changes, satisfactory academic progress, and other student eligibility checks
* Send email batches
* Complete institutional, regulatory, and third party reporting such as FISAP, IPEDS, and Common Data Set requests
* Review student information on the National Student Loan Data System to resolve student eligibility issues
* Maintain working knowledge of federal, state and institutional aid programs, regulations and guidelines
* Active contributor to office discussions and recommends changes to improve the student experience
* Inputs Federal Work Study data from payroll into PowerFAIDs and monitors FWS usage
* Assist students and families with financial aid planning and counseling
* Perform other financial aid assignments and special projects as assigned
* OTHER DUTIES AND RESPONSIBILITIES_
* May perform other duties and responsibilities that management may deem necessary from time to time
* External Requirements
*

What Does A Finance Aid Advisor Do At Bryant & Stratton

* Effectively identify and track the current financial aid process to meet packaging goals.
* Improve current error rate by implementing quality assurance process and measures.
* Responsible for accurately managing verification process by ensuring all student files meet policy and compliance regulations.
* Uses CRM, Banner and the other third-party systems (CPS, COD and NSLDS) to report or correct student/or parent information.
* Follows-up on all items preventing or delaying the awarding process to ensure student’s financial aid file is complete and ready to be originated and disbursed at or before the end of the semester.
* This includes contact with external and internal departments,
* Report to the Online Financial Aid Director any activity or incident which may not be in compliance with all state and federal regulations and or, systems guidelines.
* Maintain high customer service standards in the area of Financial Aid.
* Promotes communication and initiates training internally and among various internal departments regarding student financial practices, policy interpretation, problem resolution to improve operating efficiencies and service while complying with Bryant and Stratton policy, procedures, state and federal law.
* Manage multiple projects facilitating a team approach to problem solving.
* Works collaboratively with Financial Aid Director, IT and other departments to resolve programmatic issues, implementation of system enhancements, and establish production schedules.
* Completes any other duties as assigned.
* Competencies:
* Strong commitment to customer service and excellent written and verbal communication.
* Must be able to assess student’s needs over the phone or via email.
* Energetic, personable and a positive attitude are a must, and highly organized while working in a fast-paced environment, possess capacity to multi-task while maintaining attention to detail.
* Ability to be flexible to changing processes while proactively seeking solutions and problem-solving

What Does A Finance Aid Advisor Do At Cuny

* Maintains a financial aid applicant caseload; reviews and evaluates individual situations utilizing professional judgment.
* Identifies and resolves eligibility issues affecting the origination and disbursement of federal awards including evaluating enrollment status changes and satisfactory academic progress determinations.
* Reviews award packages and makes appropriate adjustments to prevent or correct overawards.
* Consults with various college offices and external agencies to resolve related processing and payment issues.
* Represents the Financial Aid Office on various College and University committees as needed.
* Assists the Director, Deputy Director, and Associate Directors with special projects.
* Provides office coverage on evening and weekend rotations.
* Participates in campus-wide retention and persistence outreach and activities.
* Provides assistance with major college-wide events such as commencement, orientation, registration, and honors convocation

What Does A Finance Aid Advisor Do At Kern Community College District

* Perform general secretarial and clerical work; schedule appointments and process personnel information; monitor, order, distribute and maintain office supplies; order textbooks; maintain and troubleshoot new equipment; receive and sort mail.
* Type and proofread a wide variety of reports, letters, projects and proposals; compose correspondence related to assigned responsibilities; assist in preparing and typing course outlines and catalog information including class and final examination schedule information.
* Participate in the planning, development and implementation of a variety of events and functions directly related to area of responsibility, including fund raising and special events related to college programs.
* Assign work activities, projects and programs to clerical and student help; monitor work flow; review and evaluate work products, methods and procedures; participate in the selection of clerical or student staff; assist in staff training.
* Perform a variety of work involved in student assistance including scheduling classes; arrange special accommodations such as testing or audiovisual equipment; inform students of class cancellations; transfer students.
* Prepare a variety of reports and requests such as travel request forms and faculty request forms; prepare monthly payroll; report teacher absences; verify student assistants’ time cards; issue, receive,type and process various applications, permits and other forms.
* Organize and maintain filing systems; maintain a variety of files and record logs directly related to area of assignment including certificated and classified employee files, budget information, student
* rehabilitation progress and general student files.
* Receive and deliver supplies; verify incoming shipments for appropriate quantity and quality; record receipt of merchandise on purchase order; file purchase order; forward purchase orders to District office for partial or full payment; send District updated inventory list

What Does A Finance Aid Advisor Do At City Colleges of Chicago

* Administers Veterans Affairs Programs, including but not limited to; Review eligibility, authorize payment, follow Federal rules, regulations, and guidelines.
* Counsels and advises students, parents and other interested parties on the availability of student financial aid programs to assist in meeting college education costs.
* Interviews students applying for financial aid assistance, answers questions regarding eligibility requirements and informs them of the types of financial aid available including grants, loans and work/study program.
* Assists students in completing financial aid applications and reviews submitted applications for accuracy and completeness.
* Monitors student’s academic status to insure they continue to meet eligibility requirements for financial aid awards.
* Maintains records, work reports and time sheets for students enrolled in work/study program; may act as a field liaison explaining work/study program to potential employers.
* Bachelor's Degree preferred
* Experience awarding federal aid in compliance with VA and DOD regulations is preferred
* Some knowledge of financial aid software, programs, and procedures in a college setting
* Good verbal communication demonstrated through interviewing skills

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Finance Aid Advisor Demographics

Gender

Female

70.8%

Male

26.5%

Unknown

2.8%
Ethnicity

White

58.6%

Hispanic or Latino

18.9%

Black or African American

11.5%

Asian

7.4%

Unknown

3.6%
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Foreign Languages Spoken

Spanish

64.0%

French

10.4%

Chinese

4.0%

Vietnamese

2.4%

Tagalog

2.4%

Portuguese

2.4%

Cantonese

1.6%

German

1.6%

Japanese

1.6%

Arabic

1.6%

Romanian

0.8%

Hindi

0.8%

Mandarin

0.8%

Korean

0.8%

Khmer

0.8%

Bengali

0.8%

Italian

0.8%

Dakota

0.8%

Greek

0.8%

Carrier

0.8%
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Finance Aid Advisor Education

Schools

University of Phoenix

17.9%

Liberty University

11.6%

Kaplan University

6.3%

University of South Florida

4.9%

American InterContinental University

4.9%

Grand Canyon University

4.9%

Capella University

4.5%

Southern New Hampshire University

4.1%

Arizona State University

3.7%

Texas A&M University

3.7%

Northern Illinois University

3.7%

Strayer University

3.7%

National University

3.4%

Michigan State University

3.4%

Ashford University

3.4%

Webster University

3.4%

San Jose State University

3.4%

University of Central Florida

3.4%

University of California - Berkeley

3.0%

Illinois State University

3.0%
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Majors

Business

30.2%

Accounting

7.9%

Psychology

7.6%

Communication

4.8%

Criminal Justice

4.8%

Management

4.6%

Human Resources Management

4.6%

Education

3.9%

Finance

3.8%

Sociology

3.2%

Marketing

3.0%

Elementary Education

2.6%

Educational Leadership

2.6%

School Counseling

2.5%

Health Care Administration

2.5%

Public Administration

2.4%

Liberal Arts

2.3%

English

2.2%

Human Services

2.2%

Legal Support Services

2.1%
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Degrees

Bachelors

42.3%

Masters

23.9%

Other

16.4%

Associate

11.6%

Certificate

3.4%

Doctorate

1.1%

Diploma

1.1%

License

0.3%
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Finance Aid Advisor Videos

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Top Skills for A Finance Aid Advisor

  1. Financial Aid
  2. Student Records
  3. Student Loans
You can check out examples of real life uses of top skills on resumes here:
  • Increased financial awareness for student body by creating a budgetary design for students regarding their respective financial aid packages.
  • Maintained and updated accurate student records utilizing specialized programs to input data and generate reports.
  • Review student financial aid applications/student loans for completeness and accuracy.
  • Instructed students how to get to the Join.me website, so we would be able to complete the FAFSA application correctly.
  • Offer quality customer service by providing in-person information and answering student questions relating to financial aid and method of payments.

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