The primary responsibility of a finance aid officer is to evaluate, approve or deny, and award financial aid to students per federal, state, and university regulations, policies, and operating guidelines.They assess students' financial needs and advise students and parents regarding financial aid options, processes, and requirements. Eventually, finance aid officers also evaluate students' academic progress and arbitrate academic progress appeals.
This role requires a high school diploma or GED alongside at least five years of experience in a related field. Nevertheless, a completed degree(s) from an accredited institution that is above the minimum education requirement may be substituted for experience on a year for year basis. Financial aid officers, on average, earn $38,881 per year. However, this figure can vary significantly depending upon academic qualification, having previous experience, and possession of the aforementioned skills.
There is more than meets the eye when it comes to being a Finance Aid Officer. For example, did you know that they make an average of $17.62 an hour? That's $36,648 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 Officers 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 Interpersonal skills.
If you're interested in becoming a Finance Aid Officer, one of the first things to consider is how much education you need. We've determined that 58.9% of Finance Aid Officers have a bachelor's degree. In terms of higher education levels, we found that 11.5% of Finance Aid Officers have master's degrees. Even though most Finance Aid Officers 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 Officer. When we researched the most common majors for a Finance Aid Officer, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Finance Aid Officer resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Finance Aid Officer. In fact, many Finance Aid Officer jobs require experience in a role such as Customer Service Representative. Meanwhile, many Finance Aid Officers also have previous career experience in roles such as Administrative Assistant or Finance Aid Advisor.