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Finance aid advisor vs savings counselor

The differences between finance aid advisors and savings counselors 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 savings counselor. Additionally, a savings counselor has an average salary of $53,252, 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 savings counselor are bank products, customer transactions, and budget preparation.

Finance aid advisor vs savings counselor overview

Finance Aid AdvisorSavings Counselor
Yearly salary$37,791$53,252
Hourly rate$18.17$25.60
Growth rate7%4%
Number of jobs127,37827,415
Job satisfaction--
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 51%
Average age4545
Years of experience22

Finance aid advisor vs savings counselor salary

Finance aid advisors and savings counselors have different pay scales, as shown below.

Finance Aid AdvisorSavings Counselor
Average salary$37,791$53,252
Salary rangeBetween $28,000 And $49,000Between $35,000 And $80,000
Highest paying CityNew York, NY-
Highest paying stateNew York-
Best paying companyOakland University-
Best paying industryEducation-

Differences between finance aid advisor and savings counselor education

There are a few differences between a finance aid advisor and a savings counselor in terms of educational background:

Finance Aid AdvisorSavings Counselor
Most common degreeBachelor's Degree, 56%Bachelor's Degree, 51%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Finance aid advisor vs savings counselor demographics

Here are the differences between finance aid advisors' and savings counselors' demographics:

Finance Aid AdvisorSavings Counselor
Average age4545
Gender ratioMale, 29.6% Female, 70.4%Male, 27.0% Female, 73.0%
Race ratioBlack 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, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.6% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage8%8%

Differences between finance aid advisor and savings counselor duties and responsibilities

Finance aid advisor example responsibilities.

  • Manage project for the development and implementation of a university-wide scholarship database, STAARS.
  • Review incoming student ISIR, notifying students of the required documents need to complete the financial aid process.
  • Assemble files according to school and distribute to designate coordinators.
  • Perform cross-selling of banking products to help maximize company's profits.
  • Work with Microsoft office as well as internet and campus vue database.
  • Assist with collection and verification of PELL intake forms at the front counter.
  • Show more

Savings counselor example responsibilities.

  • Inform members on HUD/ FHA guidelines.
  • Prepare budgets for members who are in danger of losing their homes to foreclosure.
  • Advise homeowners throughout foreclosure procedures.
  • Remain non-denominational, open, flexible and ecumenical in service to patients while also providing additional resources from local spiritual communities.
  • Assist borrowers with home retention programs such as HAMP, HAUP, and HAFA and company sponsor mitigation programs.

Finance aid advisor vs savings counselor skills

Common finance aid advisor skills
  • Financial Aid, 16%
  • Customer Service, 15%
  • FAFSA, 6%
  • Financial Aid Programs, 5%
  • Student Loans, 4%
  • Title IV, 4%
Common savings counselor skills
  • Bank Products, 11%
  • Customer Transactions, 10%
  • Budget Preparation, 9%
  • ATM, 8%
  • Credit Reports, 8%
  • Inbound Calls, 7%

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