The Finance Aid Counselor, usually found at educational institutions, such as universities, is tasked with providing students and their families with financial guidance.
They will serve as the primary contact for these students and will act as their guide in terms of paperwork, applications, eligibility for financial aid, and costs. The Counselor also needs to verify the student's knowledge and abide by the university's policies and the regulations tied to financial student aid. They often deal with federal grants and scholarships, aid from charitable organizations and institutions, and may assist higher management with the changes being designed and applied to university policies.
A person seeking work as a Finance Aid Counselor generally needs to have a bachelor's degree in Finance or Counseling or a similar subject. Alternatively, an equivalent in the form of experience may be valued just as much. A good understanding of the academic community and its practices is key, as well as excellent communication, customer service skills, and computer proficiency.
There is more than meets the eye when it comes to being a finance aid counselor. For example, did you know that they make an average of $17.84 an hour? That's $37,100 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.
There are certain skills that many finance aid counselors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and sales skills.
When it comes to the most important skills required to be a finance aid counselor, we found that a lot of resumes listed 28.6% of finance aid counselors included financial aid, while 10.0% of resumes included financial assistance, and 8.9% of resumes included customer service. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance aid counselor job title. But what industry to start with? Most finance aid counselors actually find jobs in the education and non profits industries.
If you're interested in becoming a finance aid counselor, one of the first things to consider is how much education you need. We've determined that 61.7% of finance aid counselors have a bachelor's degree. In terms of higher education levels, we found that 16.1% of finance aid counselors have master's degrees. Even though most finance aid counselors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance aid counselor. When we researched the most common majors for a finance aid counselor, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance aid counselor resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a finance aid counselor. In fact, many finance aid counselor jobs require experience in a role such as customer service representative. Meanwhile, many finance aid counselors also have previous career experience in roles such as administrative assistant or finance aid officer.