Finance aid counselor vs savings counselor

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

Finance aid counselor vs savings counselor overview

	Finance Aid Counselor	Savings Counselor
Yearly salary	$37,672	$53,252
Hourly rate	$18.11	$25.60
Growth rate	15%	4%
Number of jobs	118,072	27,415
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 51%
Average age	45	45
Years of experience	2	2

Finance aid counselor vs savings counselor salary

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

	Finance Aid Counselor	Savings Counselor
Average salary	$37,672	$53,252
Salary range	Between $29,000 And $47,000	Between $35,000 And $80,000
Highest paying City	New York, NY	-
Highest paying state	New York	-
Best paying company	The American Musical and Dramatic Academy	-
Best paying industry	Education	-

Differences between finance aid counselor and savings counselor education

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

	Finance Aid Counselor	Savings Counselor
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 51%
Most common major	Business	Business
Most common college	Stanford University	Stanford University

Finance aid counselor vs savings counselor demographics

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

	Finance Aid Counselor	Savings Counselor
Average age	45	45
Gender ratio	Male, 28.2% Female, 71.8%	Male, 27.0% Female, 73.0%
Race ratio	Black 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, 9.5% Unknown, 4.7% Hispanic or Latino, 15.7% Asian, 6.6% White, 63.1% American Indian and Alaska Native, 0.5%
LGBT Percentage	8%	8%

Differences between finance aid counselor and savings counselor 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.

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 counselor vs savings counselor 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 savings counselor skills

Bank Products, 11%
Customer Transactions, 10%
Budget Preparation, 9%
ATM, 8%
Credit Reports, 8%
Inbound Calls, 7%

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Finance Aid Counselor
Finance Aid Counselor vs Savings Counselor

Updated January 8, 2025

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