A finance aid director oversees finance aid officers that deal with student loans, fees, scholarship grants, insurance, and other loans. They organize cash flow for all funds available. They analyze applications, grant scholarships and loans to students, and provide information on benefits and restrictions included with financial aid. They also help students resolve loan defaults or underpayments. They must have good communication skills to facilitate talks between students and universities.

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Finance Aid Director Responsibilities

Here are examples of responsibilities from real finance aid director resumes representing typical tasks they are likely to perform in their roles.

  • Manage cash flow for all funds including, FFEL, PELL, FSEOG, alternative loans, and cash.
  • Manage a majority of payroll ensuring that there are accurate accruals and necessary deductions.
  • Review and determine outcome of all financial aid appeals.
  • Assist students, parents, and staff with navigating the financial aid process, by providing guidance with the FAFSA.
  • Resolve student appeals and special circumstance requests.
  • Maintain Pell grant accounts from application processing to monthly reconciliation.
  • Process and educate military and veterans on domicile laws relate to tuition and tuition assistance.
  • Develop and implement billing practices within all state and federal regulations; compile information for Medicare cost and quarterly balance reports.
  • Originate loans, create disbursements, and print miscellaneous reports and financial aid information in EdExpress database.

Finance Aid Director Job Description

When it comes to understanding what a finance aid director does, you may be wondering, "should I become a finance aid director?" The data included in this section may help you decide. Compared to other jobs, finance aid directors have a growth rate described as "faster than average" at 7% between the years 2018 - 2028, according to the Bureau of Labor Statistics. In fact, the number of finance aid director opportunities that are predicted to open up by 2028 is 13,500.

On average, the finance aid director annual salary is $58,644 per year, which translates to $28.19 an hour. Generally speaking, finance aid directors earn anywhere from $37,000 to $92,000 a year, which means that the top-earning finance aid directors make $45,000 more than the ones at the lower end of the spectrum.

Once you've become a finance aid director, you may be curious about what other opportunities are out there. Careers aren't one size fits all. For that reason, we discovered some other jobs that you may find appealing. Some jobs you might find interesting include a dean, student dean, new member educator, and registrar.

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5 Finance Aid Director Resume Examples

Finance Aid Director Skills and Personality Traits

We calculated that 9% of Finance Aid Directors are proficient in Financial Aid Programs, Title IV, and State Regulations. They’re also known for soft skills such as Computer skills, Problem-solving skills, and Organizational skills.

We break down the percentage of Finance Aid Directors that have these skills listed on their resume here:

  • Financial Aid Programs, 9%

    Provide specialized assistance and information to students and parents regarding financial aid programs and services.

  • Title IV, 8%

    Enhanced Student Finance operations to include automated Title IV packaging, digital imagining, and electronic scholarship management software.

  • State Regulations, 5%

    Interpret and implement federal and state regulations, procedures and eligibility requirements.

  • Enrollment Management, 5%

    Work closely with Enrollment Management to articulate affordability to prospective and current students.

  • Student Loans, 4%

    Counseled potential students/parents on Federal Student Loans, Financial Aid available.

  • Federal Regulations, 4%

    Complied with institutional, state, and federal regulations by implementing updates and completing comprehensive reports.

Some of the skills we found on finance aid director resumes included "financial aid programs," "title iv," and "state regulations." We have detailed the most important finance aid director responsibilities below.

  • Arguably the most important personality trait for a finance aid director to have happens to be computer skills. An example from a resume said this about the skill, "postsecondary education administrators need to be comfortable working with computers so they can use software to manage student and school records." Additionally, other resumes have pointed out that finance aid directors can use computer skills to "coordinate the implementation of financial aid computer system to facilitate production of financial aid awards and reports. "
  • Another trait important for fulfilling finance aid director duties is problem-solving skills. According to a finance aid director resume, "administrators need to react calmly when a difficult situation arises and develop creative solutions." Here's an example of how finance aid directors are able to utilize problem-solving skills: "resolved student concerns regarding financial aid eligibility. "
  • Finance aid directors are also known for organizational skills, which can be critical when it comes to performing their duties. An example of why this skill is important is shown by this snippet that we found in a finance aid director resume: "administrators need to be organized so they can manage records, prioritize tasks, and coordinate activities with their staff." We also found this resume example that details how this skill is put to the test: "managed organizational cash flow and forecasting. "
  • A thorough review of lots of resumes revealed to us that "interpersonal skills" is important to completing finance aid director responsibilities. This resume example shows just one way finance aid directors use this skill: "postsecondary education administrators need to build good relationships with colleagues, students, and parents" Here's an example of how this skill is used from a resume that represents typical finance aid director tasks: "practice strong customer service, interpersonal, organizational, and communication skills. "
  • See the full list of finance aid director skills.

    After discovering the most helpful skills, we moved onto what kind of education might be helpful in becoming a finance aid director. We found that 62.6% of finance aid directors have graduated with a bachelor's degree and 15.8% of people in this position have earned their master's degrees. While most finance aid directors have a college degree, you may find it's also true that generally it's possible to be successful in this career with only a high school degree. In fact, our research shows that one out of every eight finance aid directors were not college graduates.

    Those finance aid directors who do attend college, typically earn either business degrees or accounting degrees. Less commonly earned degrees for finance aid directors include psychology degrees or finance degrees.

    Once you're ready to become a finance aid director, you should explore the companies that typically hire finance aid directors. According to finance aid director resumes that we searched through, finance aid directors are hired the most by State of Georgia: Teachers Retirement System of Georgia, The City University of New York, and AOMA Graduate School of Integrative Medicine. Currently, State of Georgia: Teachers Retirement System of Georgia has 2 finance aid director job openings, while there are 2 at The City University of New York and 1 at AOMA Graduate School of Integrative Medicine.

    Since salary is important to some finance aid directors, it's good to note that they are figured to earn the highest salaries at Commonwealth, Universal Technical Institute, and Midwestern State University. If you were to take a closer look at Commonwealth, you'd find that the average finance aid director salary is $81,021. Then at Universal Technical Institute, finance aid directors receive an average salary of $77,217, while the salary at Midwestern State University is $73,528.

    View more details on finance aid director salaries across the United States.

    Some other companies you might be interested in as a finance aid director include Marriott International, Kaplan, and Education Management Corporation. These three companies were found to hire the most finance aid directors from the top 100 U.S. educational institutions.

    The three companies that hire the most prestigious finance aid directors are:

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    What Deans Do

    A dean is responsible for overseeing the educational operations of the assigned department, enforcing school policies, and monitoring the students' progress by coordinating with the teachers and setting up procedures to improve teaching methods. Deans administer educational training and programs for the students, as well as extra-curricular activities to develop the students' social behavior, maximize their potentials, and increase their self-confidence. They also handle the department's budget, accurately allocating resources and funds to different activities and educational materials.

    In this section, we take a look at the annual salaries of other professions. Take dean for example. On average, the deans annual salary is $27,674 higher than what finance aid directors make on average every year.

    While their salaries may differ, one common ground between finance aid directors and deans are a few of the skills required in each craft. In both careers, employees bring forth skills like enrollment management, financial aid, and student body.

    As far as similarities go, this is where it ends because a finance aid director responsibility requires skills such as "financial aid programs," "title iv," "state regulations," and "student loans." Whereas a dean is skilled in "curriculum development," "oversight," "scholarship," and "human resources." So if you're looking for what truly separates the two careers, you've found it.

    Deans tend to make the most money in the education industry by averaging a salary of $78,533. In contrast, finance aid directors make the biggest average salary of $60,971 in the education industry.

    The education levels that deans earn is a bit different than that of finance aid directors. In particular, deans are 0.6% more likely to graduate with a Master's Degree than a finance aid director. Additionally, they're 6.8% more likely to earn a Doctoral Degree.

    What Are The Duties Of a Student Dean?

    A Student Dean is focused on responding to students' needs at a college or university. They plan and direct university activities related to student services and campus life.

    The next role we're going to look at is the student dean profession. Typically, this position earns a higher pay. In fact, they earn a $853 higher salary than finance aid directors per year.

    While the salary may be different for these job positions, there is one similarity and that's a few of the skills needed to perform certain duties. We used info from lots of resumes to find that both finance aid directors and student deans are known to have skills such as "financial aid," "student body," and "progress monitoring. "

    In addition to the difference in salary, there are some other key differences that are worth noting. For example, finance aid director responsibilities are more likely to require skills like "financial aid programs," "title iv," "state regulations," and "enrollment management." Meanwhile, a student dean might be skilled in areas such as "behavior issues," "staff development," "crisis intervention," and "student achievement." These differences highlight just how different the day-to-day in each role looks.

    Student deans may earn a higher salary than finance aid directors, but student deans earn the most pay in the education industry with an average salary of $50,535. On the other side of things, finance aid directors receive higher paychecks in the education industry where they earn an average of $60,971.

    When it comes to the differences in education between the two professions, student deans tend to reach higher levels of education than finance aid directors. In fact, they're 16.6% more likely to graduate with a Master's Degree and 6.8% more likely to earn a Doctoral Degree.

    How a New Member Educator Compares

    A New Member Educator is a person who prepares new members to uphold the standards and ideals of a fraternity and sorority and continually strives to improve it especially found in colleges and universities. These positions are; educating initiated and active members on how to support and mentor the younger members to become successful within an organization, recruit new members whose ideals match those of the organization, assist new members to navigate campus, and make use of campus resources.

    The third profession we take a look at is new member educator. On an average scale, these workers bring in lower salaries than finance aid directors. In fact, they make a $24,457 lower salary per year.

    As mentioned, these two careers differ between other skills that are required for performing the work exceedingly well. For example, gathering from finance aid directors resumes, they are more likely to have skills like "financial aid programs," "title iv," "state regulations," and "enrollment management." But a new member educator might have skills like "customer service," "phone calls," "role model," and "cash handling."

    New member educators make a very good living in the education industry with an average annual salary of $47,301. Whereas finance aid directors are paid the highest salary in the education industry with the average being $60,971.

    New member educators are known to earn lower educational levels when compared to finance aid directors. Additionally, they're 6.3% less likely to graduate with a Master's Degree, and 1.6% less likely to earn a Doctoral Degree.

    Description Of a Registrar

    A registrar's role is to process and maintain accurate records within an institution or establishment. They are the main point of communication to obtain various kinds of information. In schools, a registrar is in charge of keeping a student or educator's academic, personal, and financial records. They also have the task of arranging a student's course and class schedules. Furthermore, a registrar may also have other administrative tasks such as responding to calls and other forms of correspondence, producing reports, and process requirements.

    Now, we'll look at registrars, who generally average a lower pay when compared to finance aid directors annual salary. In fact, the difference is about $18,012 per year.

    Even though a few skill sets overlap, there are some differences that are important to note. For one, a finance aid director might have more use for skills like "financial aid programs," "title iv," "state regulations," and "enrollment management." Meanwhile, some registrars might include skills like "patients," "customer service," "medical terminology," and "patient registration" on their resume.

    In general, registrars make a higher salary in the health care industry with an average of $36,641. The highest finance aid director annual salary stems from the education industry.

    Registrars reach lower levels of education when compared to finance aid directors. The difference is that they're 7.8% more likely to earn a Master's Degree less, and 0.2% less likely to graduate with a Doctoral Degree.