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The differences between finance aid advisors and finance aid coordinators can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a finance aid advisor and a finance aid coordinator. Additionally, a finance aid coordinator has an average salary of $38,925, which is higher than the $37,791 average annual salary of a finance aid advisor.
The top three skills for a finance aid advisor include financial aid, customer service and FAFSA. The most important skills for a finance aid coordinator are financial aid programs, FAFSA, and work-study.
| Finance Aid Advisor | Finance Aid Coordinator | |
| Yearly salary | $37,791 | $38,925 |
| Hourly rate | $18.17 | $18.71 |
| Growth rate | 7% | 7% |
| Number of jobs | 127,378 | 98,992 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 61% |
| Average age | 45 | 45 |
| Years of experience | 2 | 2 |
A finance aid advisor specializes in helping clients, mostly students and parents, understand financial aid programs available in learning institutions. They primarily provide advice, such as which programs will suit the students' needs, their requirements, or how the procedures will be. To carry out their duties, a finance aid advisor must conduct interviews with students, assess their background information and financial histories, respond to inquiries and concerns, review financial aid requests, perform extensive research and analysis, and coordinate different services while adhering to the institutions' policies and regulations.
Students are granted educational aid with the help of a finance aid coordinator. A finance aid coordinator's responsibilities include assisting students in filling application forms, following up missing documents, delivering documents, and maintaining data security. They update students on their application's status, coordinate with students, and provide financial advice.
Finance aid advisors and finance aid coordinators have different pay scales, as shown below.
| Finance Aid Advisor | Finance Aid Coordinator | |
| Average salary | $37,791 | $38,925 |
| Salary range | Between $28,000 And $49,000 | Between $30,000 And $49,000 |
| Highest paying City | New York, NY | New York, NY |
| Highest paying state | New York | New York |
| Best paying company | Oakland University | Curry College |
| Best paying industry | Education | Education |
There are a few differences between a finance aid advisor and a finance aid coordinator in terms of educational background:
| Finance Aid Advisor | Finance Aid Coordinator | |
| Most common degree | Bachelor's Degree, 56% | Bachelor's Degree, 61% |
| Most common major | Business | Business |
| Most common college | Stanford University | Stanford University |
Here are the differences between finance aid advisors' and finance aid coordinators' demographics:
| Finance Aid Advisor | Finance Aid Coordinator | |
| Average age | 45 | 45 |
| Gender ratio | Male, 29.6% Female, 70.4% | Male, 24.7% Female, 75.3% |
| Race ratio | Black or African American, 9.1% Unknown, 4.6% Hispanic or Latino, 15.8% Asian, 6.4% White, 63.6% American Indian and Alaska Native, 0.5% | Black or African American, 9.0% Unknown, 4.6% Hispanic or Latino, 15.7% Asian, 6.3% White, 63.9% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 8% | 8% |