Navigating the financial aid process can be a complex and confusing process for many students. You can help students get through this process by becoming a finance or financial aid director. A financial aid director can work for any organization that offers financial aid programs. As part of their job, they oversee various financial operations and programs, including offering grants, managing loans, providing payment plans, and determining eligibility for aid.
They are also responsible for managing the staff working in the financial aid department. One of their most important duties is ensuring that the financial aid staff is applying protocol correctly when running operations. Some other tasks they perform include hiring and training staff, ensuring compliance with state and federal regulations, providing information to students on aid programs, and ensuring aid is correctly disbursed.
To become a financial aid director, you'll typically need a Bachelor's degree. However, some employers may require a Master's degree in accounting, business, student affairs or public administration.
There is more than meets the eye when it comes to being a finance aid director. For example, did you know that they make an average of $31.67 an hour? That's $65,871 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 13,500 job opportunities across the U.S.
There are certain skills that many finance aid directors 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 computer skills, problem-solving skills and organizational skills.
If you're interested in becoming a finance aid director, one of the first things to consider is how much education you need. We've determined that 62.6% of finance aid directors have a bachelor's degree. In terms of higher education levels, we found that 15.8% of finance aid directors have master's degrees. Even though most finance aid directors 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 director. When we researched the most common majors for a finance aid director, 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 director resumes include associate degree degrees or diploma degrees.
You may find that experience in other jobs will help you become a finance aid director. In fact, many finance aid director jobs require experience in a role such as finance aid officer. Meanwhile, many finance aid directors also have previous career experience in roles such as finance aid advisor or finance aid counselor.