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.

What Does a Finance Aid Counselor Do

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.

Learn more about what a Finance Aid Counselor does

How To Become a Finance Aid Counselor

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 65.6% of finance aid counselors have a bachelor's degree. In terms of higher education levels, we found that 16.9% 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.

Learn More About How To Become a Finance Aid Counselor

Finance Aid Counselor Career Paths

Average Salary for a Finance Aid Counselor

Finance Aid Counselors in America make an average salary of $37,672 per year or $18 per hour. The top 10 percent makes over $47,000 per year, while the bottom 10 percent under $29,000 per year.
Average Finance Aid Counselor Salary
$37,672 Yearly
$18.11 hourly
$29,000
10 %
$37,000
Median
$47,000
90 %

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Finance Aid Counselor Education

Finance Aid Counselor Majors

28.7 %

Finance Aid Counselor Degrees

Bachelors

65.6 %

Masters

16.9 %

Associate

12.8 %

Top Colleges for Finance Aid Counselors

1. Stanford University

Stanford, CA • Private

In-State Tuition
$51,354
Enrollment
7,083

2. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

3. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

4. Maine Maritime Academy

Castine, ME • Private

In-State Tuition
$13,478
Enrollment
979

5. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

6. California State University - Bakersfield

Bakersfield, CA • Private

In-State Tuition
$7,309
Enrollment
9,142

7. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

8. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

9. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

10. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

Top Skills For a Finance Aid Counselor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 28.6% of finance aid counselors listed financial aid on their resume, but soft skills such as analytical skills and math skills are important as well.

Choose From 10+ Customizable Finance Aid Counselor Resume templates

Zippia allows you to choose from different easy-to-use Finance Aid Counselor templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Finance Aid Counselor resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Finance Aid Counselor Demographics

Finance Aid Counselor Gender Distribution

Female
Female
72%
Male
Male
28%

After extensive research and analysis, Zippia's data science team found that:

  • Among finance aid counselors, 71.8% of them are women, while 28.2% are men.

  • The most common race/ethnicity among finance aid counselors is White, which makes up 67.7% of all finance aid counselors.

  • The most common foreign language among finance aid counselors is Spanish at 65.1%.

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Best States For a Finance Aid Counselor

Some places are better than others when it comes to starting a career as a finance aid counselor. The best states for people in this position are New York, Delaware, Connecticut, and Rhode Island. Finance aid counselors make the most in New York with an average salary of $49,584. Whereas in Delaware and Connecticut, they would average $44,605 and $44,208, respectively. While finance aid counselors would only make an average of $44,095 in Rhode Island, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Finance Aid Counselor Jobs:
3,466
Highest 10% Earn:
$62,000
Location Quotient:
1.53

2. Connecticut

Total Finance Aid Counselor Jobs:
871
Highest 10% Earn:
$54,000
Location Quotient:
1.49

3. Delaware

Total Finance Aid Counselor Jobs:
244
Highest 10% Earn:
$57,000
Location Quotient:
1.1
Full List Of Best States For Finance Aid Counselors

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