What does a finance aid coordinator do?
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 coordinator responsibilities
Here are examples of responsibilities from real finance aid coordinator resumes:
- Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
- Administer quality financial aid consulting to parents and students to ensure accurate completion of all necessary FAFSA documents.
- Review, verify, and determine eligibility for FAFSA applications, distributing financial aid and award letters as necessary.
- Work with disbursements, Pell over awards, and default management.
- Post loan, Pell grant and SEOG grant payments to the student account summaries.
- Add newly enroll students to NSLDS and to check for prior loans and/or defaults, prior to start.
- Work with veterans and educational benefits.
- Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
- Originate loans, create disbursements, and print miscellaneous reports and financial aid information in EdExpress database.
Finance aid coordinator skills and personality traits
We calculated that 9% of Finance Aid Coordinators are proficient in Financial Aid Programs, FAFSA, and Work-Study. They’re also known for soft skills such as Problem-solving skills, Computer skills, and Interpersonal skills.
We break down the percentage of Finance Aid Coordinators that have these skills listed on their resume here:
- Financial Aid Programs, 9%
Reviewed and analyzed student applications to determine qualifications for participation in various financial aid programs.
- FAFSA, 6%
Reviewed, verified, and determined eligibility for FAFSA applications, distributing financial aid and award letters as necessary.
- Work-Study, 6%
Maintained Work-Study database comprised of 350 positions, composed job descriptions, and disseminated policy and procedural information to 70 supervisors.
- Financial Aid, 5%
Analyzed student needs to determine student financial aid options based on individual case circumstances and capacity to pay student accounts
- Title IV, 5%
Processed Return of Title IV Funds calculations and all performance based/academic Scholarships.
- Student Loans, 5%
Facilitate resolutions for delinquent borrowers in danger of defaulting on federal student loans.
Common skills that a finance aid coordinator uses to do their job include "financial aid programs," "fafsa," and "work-study." You can find details on the most important finance aid coordinator responsibilities below.
Problem-solving skills. One of the key soft skills for a finance aid coordinator to have is problem-solving skills. You can see how this relates to what finance aid coordinators do because "administrators need to react calmly when a difficult situation arises and develop creative solutions." Additionally, a finance aid coordinator resume shows how finance aid coordinators use problem-solving skills: "anticipate potential financial aid budget overruns and identify potential solutions. "
Computer skills. Another soft skill that's essential for fulfilling finance aid coordinator duties is computer skills. The role rewards competence in this skill because "postsecondary education administrators need to be comfortable working with computers so they can use software to manage student and school records." According to a finance aid coordinator resume, here's how finance aid coordinators can utilize computer skills in their job responsibilities: "maintained files and databases; certified student loan applications; implemented, maintained and utilized computer assisted financial aid management systems. "
Interpersonal skills. finance aid coordinators are also known for interpersonal skills, which are critical to their duties. You can see how this skill relates to finance aid coordinator responsibilities, because "postsecondary education administrators need to build good relationships with colleagues, students, and parents." A finance aid coordinator resume example shows how interpersonal skills is used in the workplace: "maintain data entry possess customer service and interpersonal skills. "
Organizational skills. A big part of what finance aid coordinators do relies on "organizational skills." You can see how essential it is to finance aid coordinator responsibilities because "administrators need to be organized so they can manage records, prioritize tasks, and coordinate activities with their staff." Here's an example of how this skill is used from a resume that represents typical finance aid coordinator tasks: "exemplified excellent customer service, communication and organizational skills via walk in advising and telecommunications. "
The three companies that hire the most finance aid coordinators are:
- Mount Sinai Health System2 finance aid coordinators jobs
- Florida Technical College2 finance aid coordinators jobs
- Commonwealth2 finance aid coordinators jobs
Choose from 10+ customizable finance aid coordinator resume templates
Build a professional finance aid coordinator resume in minutes. Our AI resume writing assistant will guide you through every step of the process, and you can choose from 10+ resume templates to create your finance aid coordinator resume.
Compare different finance aid coordinators
Finance aid coordinator vs. Mortgage loan counselor
These skill sets are where the common ground ends though. The responsibilities of a finance aid coordinator are more likely to require skills like "financial aid programs," "fafsa," "work-study," and "financial aid." On the other hand, a job as a mortgage loan counselor requires skills like "customer service," "fha," "loan process," and "outbound calls." As you can see, what employees do in each career varies considerably.
On average, mortgage loan counselors reach lower levels of education than finance aid coordinators. Mortgage loan counselors are 12.3% less likely to earn a Master's Degree and 1.2% less likely to graduate with a Doctoral Degree.Finance aid coordinator vs. Farm mortgage agent
While some skills are similar in these professions, other skills aren't so similar. For example, resumes show us that finance aid coordinator responsibilities requires skills like "financial aid programs," "fafsa," "work-study," and "financial aid." But a farm mortgage agent might use other skills in their typical duties, such as, "real estate," "mortgage loans," "fha," and "mortgage products."
In general, farm mortgage agents achieve lower levels of education than finance aid coordinators. They're 7.8% less likely to obtain a Master's Degree while being 1.2% less likely to earn a Doctoral Degree.Finance aid coordinator vs. Mortgage counselor
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from finance aid coordinator resumes include skills like "financial aid programs," "fafsa," "work-study," and "financial aid," whereas a mortgage counselor is more likely to list skills in "mortgage loans," "customer service," "foreclosure," and "outbound calls. "
When it comes to education, mortgage counselors tend to earn lower degree levels compared to finance aid coordinators. In fact, they're 8.7% less likely to earn a Master's Degree, and 0.1% less likely to graduate with a Doctoral Degree.Finance aid coordinator vs. Savings counselor
Even though a few skill sets overlap between finance aid coordinators and savings counselors, there are some differences that are important to note. For one, a finance aid coordinator might have more use for skills like "financial aid programs," "fafsa," "work-study," and "financial aid." Meanwhile, some responsibilities of savings counselors require skills like "bank products," "customer transactions," "budget preparation," and "atm. "
Savings counselors reach lower levels of education compared to finance aid coordinators, in general. The difference is that they're 9.9% more likely to earn a Master's Degree, and 0.5% less likely to graduate with a Doctoral Degree.Types of finance aid coordinator
Updated January 8, 2025
