Finance Aid Director Careers

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.

What Does a Finance Aid Director Do

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.

Learn more about what a Finance Aid Director does

How To Become a Finance Aid Director

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.

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Average Salary
$65,871
Average Salary
Job Growth Rate
7%
Job Growth Rate
Job Openings
80,612
Job Openings

Finance Aid Director Career Paths

Top Careers Before Finance Aid Director

Top Careers After Finance Aid Director

Finance Aid Director Jobs You Might Like

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Average Salary for a Finance Aid Director

Finance Aid Directors in America make an average salary of $65,871 per year or $32 per hour. The top 10 percent makes over $94,000 per year, while the bottom 10 percent under $46,000 per year.
Average Salary
$65,871
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Best Paying Cities For Finance Aid Directors

City
ascdesc
Average Salarydesc
Oakland, CA
Salary Range75k - 138k$102k$101,882
New York, NY
Salary Range56k - 95k$73k$73,055
Mission, TX
Salary Range42k - 79k$58k$58,333
$42k
$138k

Recently Added Salaries

CompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Director, Financial Aid
Caldwell Community College & Technical Institute
08/31/2021
$45,22008/31/2021
Director of Financial Aid
Jamestown Community College
08/06/2021
$56,46908/06/2021
Financial Aid Assistant Director-Veteran Services and Financial Aid Compliance
Blinn College
07/29/2021
$45,80407/29/2021
Director/Scholarships & Financial Aid
Central Michigan University
07/26/2021
$90,00007/26/2021
Director of Financial Aid
Triton College
07/22/2021
$90,90007/22/2021
See More Recent Salaries

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Finance Aid Director Demographics

Gender

female

66.3 %

male

30.3 %

unknown

3.4 %

Ethnicity

White

68.6 %

Hispanic or Latino

13.5 %

Black or African American

11.1 %

Foreign Languages Spoken

Spanish

64.9 %

French

10.8 %

Tagalog

5.4 %
Show More Finance Aid Director Demographics

Finance Aid Director Education

Majors

Business
41.7 %

Degrees

Bachelors

62.6 %

Masters

15.8 %

Associate

14.6 %

Top Colleges for Finance Aid Directors

1. University of Pennsylvania

Philadelphia, PA • Private

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

2. Northwestern University

Evanston, IL • Private

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

3. University of Southern California

Los Angeles, CA • Private

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

4. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

5. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

6. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

7. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

8. University of Michigan - Ann Arbor

Ann Arbor, MI • Private

In-State Tuition
$15,262
Enrollment
30,079

9. University of North Carolina at Chapel Hill

Chapel Hill, NC • Private

In-State Tuition
$8,987
Enrollment
18,946

10. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166
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Top Skills For a Finance Aid Director

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, 35.0% of finance aid directors listed financial aid on their resume, but soft skills such as computer skills and problem-solving skills are important as well.

Best States For a Finance Aid Director

Some places are better than others when it comes to starting a career as a finance aid director. The best states for people in this position are California, New Jersey, Michigan, and Wisconsin. Finance aid directors make the most in California with an average salary of $89,938. Whereas in New Jersey and Michigan, they would average $83,208 and $78,846, respectively. While finance aid directors would only make an average of $77,165 in Wisconsin, 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 Jersey

Total Finance Aid Director Jobs:
1,598
Highest 10% Earn:
$136,000
Location Quotient:
1.32
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Michigan

Total Finance Aid Director Jobs:
1,340
Highest 10% Earn:
$131,000
Location Quotient:
1.13
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Wisconsin

Total Finance Aid Director Jobs:
908
Highest 10% Earn:
$126,000
Location Quotient:
1.07
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Finance Aid Directors

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Updated August 18, 2021