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Finance aid counselor vs finance aid coordinator

The differences between finance aid counselors 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 counselor and a finance aid coordinator. Additionally, a finance aid coordinator has an average salary of $38,925, which is higher than the $37,672 average annual salary of a finance aid counselor.

The top three skills for a finance aid counselor include financial assistance, customer service and financial aid programs. The most important skills for a finance aid coordinator are financial aid programs, FAFSA, and work-study.

Finance aid counselor vs finance aid coordinator overview

Finance Aid CounselorFinance Aid Coordinator
Yearly salary$37,672$38,925
Hourly rate$18.11$18.71
Growth rate15%7%
Number of jobs118,07298,992
Job satisfaction--
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 61%
Average age4545
Years of experience22

What does a finance aid counselor do?

Financial aid counselors are professionals who are responsible for providing advice to students and parents regarding various institutional financial aid programs. By following state and university guidelines, financial aid counselors are required to award funds from various controlled programs to students by ensuring the optimal use of financial aid funds. These counselors must assist students to complete all the appropriate and required forms to ensure the proper application process for financial aid. They must also assist the financial aid coordinator to make sure that their department is running smoothly.

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 counselor vs finance aid coordinator salary

Finance aid counselors and finance aid coordinators have different pay scales, as shown below.

Finance Aid CounselorFinance Aid Coordinator
Average salary$37,672$38,925
Salary rangeBetween $29,000 And $47,000Between $30,000 And $49,000
Highest paying CityNew York, NYNew York, NY
Highest paying stateNew YorkNew York
Best paying companyThe American Musical and Dramatic AcademyCurry College
Best paying industryEducationEducation

Differences between finance aid counselor and finance aid coordinator education

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

Finance Aid CounselorFinance Aid Coordinator
Most common degreeBachelor's Degree, 66%Bachelor's Degree, 61%
Most common majorBusinessBusiness
Most common collegeStanford UniversityStanford University

Finance aid counselor vs finance aid coordinator demographics

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

Finance Aid CounselorFinance Aid Coordinator
Average age4545
Gender ratioMale, 28.2% Female, 71.8%Male, 24.7% Female, 75.3%
Race ratioBlack or African American, 9.2% Unknown, 4.6% Hispanic or Latino, 15.9% Asian, 6.4% White, 63.4% 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 Percentage8%8%

Differences between finance aid counselor and finance aid coordinator duties and responsibilities

Finance aid counselor example responsibilities.

  • Manage project for the development and implementation of a university-wide scholarship database, STAARS.
  • Utilize the PeopleSoft student administration financial aid module to determine loan eligibility.
  • Assist patients with Medi-Cal applications as well as facility payment assistance applications.
  • Provide assistance to uninsure patients and families in completing and filing Medicaid or assistance program applications with the appropriate agency.
  • Document all enrolling activities in CampusVue.
  • Originate loans, create disbursements, and print miscellaneous reports and financial aid information in EdExpress database.

Finance aid coordinator example responsibilities.

  • 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.
  • Show more

Finance aid counselor vs finance aid coordinator skills

Common finance aid counselor skills
  • Financial Assistance, 12%
  • Customer Service, 11%
  • Financial Aid Programs, 7%
  • Professional Judgment, 5%
  • FAFSA, 4%
  • Financial Aid, 4%
Common finance aid coordinator skills
  • Financial Aid Programs, 9%
  • FAFSA, 6%
  • Work-Study, 6%
  • Financial Aid, 5%
  • Title IV, 5%
  • Student Loans, 5%

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