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Become A Finance Aid Officer

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Working As A Finance Aid Officer

  • Getting Information
  • Evaluating Information to Determine Compliance with Standards
  • Analyzing Data or Information
  • Processing Information
  • Communicating with Persons Outside Organization
  • Deal with People

  • Mostly Sitting

  • Make Decisions

  • Stressful

  • $84,000

    Average Salary

What Does A Finance Aid Officer Do At Education Affiliates

* Provides processes and services needed to assist each student in making application for all forms of student financial assistance (Federal, State, Agency, Lenders, Veterans, Employer, etc.).
* Provides entrance and exit counseling for student borrowers.
* Performs data entry and file maintenance in the Campus Vue, FAME, and State Guarantee Agency and NSLDS borrower data management systems.
* Performs need analysis and financial aid packaging.
* Performs verification and correction of financial aid application data.
* Maintains student files, assembles new student information and application packages and other documentation requirements.
* Performs default management activity, including data entry in the Campus Vue system for all out-of-school borrowers and maintaining accurate borrower information in Campus Vue, and with any vendors or agencies authorized for default management services.
* Studies and masters all required training materials.
* Ensures compliance with all state, accrediting and federal financial aid related regulations.
* Promptly and accurately reports any suspected instances of non-compliance to immediate supervisor (s) and/or higher levels within the organization, as is needed to address and resolve any areas of non-compliance.
* Reviews all student files to ensure accurate funding and full compliance with all applicable statutes, rules and regulations.
* Coordinates with other campus personnel to ensure proper disbursements of federal, state and agency funds to students Monitors and properly maintains all student account payments and status in accordance with all governmental regulations and the requirements, standards and practices of the School.
* Maintains appropriate relationships with all agencies and governmental entities, including the ED and loan agencies that provide or could provide student assistance to the School's student population.
* Monitors&maintains accurate and timely electronic data entry&reconciliation as required by any funding agency.
* Performs and/or manages return to Title IV calculations, credit balances determination, grant recalculations and ineligible disbursements procedures.
* Ensures the accurate calculation and timely processing of all refunds.
* Maintains accurate loan repayment and borrower status records, and fully implements the School's default management program Performs other duties as assigned by the director of financial aid

What Does A Finance Aid Officer Do At Dickinson of San Antonio Inc.

Assist the student with completing the FAFSA Assist students in calculating Title IV eligibility Explain the funding options to the students and parents Work with students to gather all information needed when required for the verification process Submit financial aid packages/files to Assistant Financial Aid Director to check for accuracy and completeness Ensure a low rate of return due to errors on all packages submitted Provide entrance and exit counseling for student borrowers Provide excellent customer service Perform other duties as assigned by the director of financial aid Schedule Flexible Schedule

What Does A Finance Aid Officer Do At Columbia University

* Counsels and advises students about graduate level financial aid programs, eligibility criteria, application procedures, costs, indebtedness, and financial planning.
* Interprets financial aid application data, determines student eligibility and and packages new and continuing students.
* Assists in the administration of PowerFAIDS, including but not necessarily limited to setting up student budgets and packaging procedures, creating reports and selection sets, troubleshooting technical issues, training staff, and serving as SIPA's liaison with the University's technical team as needed.
* Assists with the input, recording, and revising of fellowship and scholarship awards.
* Communicates with current students and recent graduates on the following: financial aid awards, federal eligibility requirements, verification and database match problems, and debt management.
* Verifies compliance and eligibility for students receiving aid under federal and institutional guidelines.
* Notifies students of changes in eligibility and recommends alternatives as appropriate.
* Along with the Director, maintains and updates the financial aid pages on SIPA's website and the database of external fellowships and grants, as well as financial information on social media sites.
* Interfaces with students and lenders, employers, donors, guarantee agencies and/or staff to resolve issues.
* Assists with special projects as needed.
* Cultivates relationships with granting agencies to promote student success in securing funding.
* Reads admissions files as needed.
* Conducts financial aid information sessions as needed.
* Performs related duties as assigned

What Does A Finance Aid Officer Do At The Art Institute

* Director, Student Financial Services
* Directly Supervises:
* None
* Interacts With:
* Other members of the student accounts team as well as students, and the Admissions and Registration departments

What Does A Finance Aid Officer Do At Vista College

* Provide information, advice and assistance regarding the varioustypes of financial aid available to students Analyze student applications and determine eligibility forfinancial aid Work closely with our third party servicer in getting students financial aid cleared for payment Ensures the accuracy of student financial aid packaging for stateand federal agencies Coordinates with Director of Financial Aid the implementation ofnew policies and procedures at the campuses.
* Support and actively participate in the major initiatives forprocess improvement Qualificationsinclude, but are not limited to: High School Diploma, Bachelor s Degree is preferred Customer service oriented Strong organizational and analytical skills Must be able to multi-task Be able to work in a dynamic work environment Possess a winning attitude and willingness to take on newchallenges Bi-lingual in Spanish is a plus Associated topics: chain, controller, cost, director, finance, finance business, financial director, office, president

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Finance Aid Officer Career Paths

Finance Aid Officer
Finance Administrator Office Manager Controller
Finance Vice President
10 Yearsyrs
Finance Administrator Office Manager
Accounts Receivable Manager
6 Yearsyrs
Finance Administrator Office Manager Account Manager
Relationship Manager
6 Yearsyrs
Finance Representative Loan Officer Credit Analyst
Credit Manager
5 Yearsyrs
Finance Representative Loan Officer Senior Loan Processor
Processing Manager
7 Yearsyrs
Finance Representative Finance Analyst Senior Finance Analyst
Finance Leader
7 Yearsyrs
Finance Planner Manager Assistant Director
Director Of Admissions
7 Yearsyrs
Finance Planner Manager Controller
Assistant Director Of Finance
7 Yearsyrs
Finance Planner Manager Property Manager
Compliance Manager
9 Yearsyrs
Finance Specialist Accountant Payroll Administrator
Benefits Manager
8 Yearsyrs
Finance Specialist Finance Analyst Controller
Finance Services Director
10 Yearsyrs
Finance Specialist Team Leader Assistant Director
School Director
6 Yearsyrs
Accountant Administrator Business Office Manager
Business Office Director
8 Yearsyrs
Accountant Assistant Controller Assistant Director Of Finance
Finance Aid Director
7 Yearsyrs
Executive Assistant Case Manager Director Of Admissions
Campus Director
7 Yearsyrs
Executive Assistant Project Manager Operations Director
Assistant Vice President Operations
8 Yearsyrs
Program Coordinator Educational Programs Coordinator Education Program Manager
Assistant Education Director
6 Yearsyrs
Enrollment Specialist Enrollment Manager
Admissions Manager
6 Yearsyrs
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Do you work as a Finance Aid Officer?

Average Yearly Salary
$84,000
View Detailed Salary Report
$41,000
Min 10%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$84,000
Median 50%
$169,000
Max 90%
Best Paying Company
Columbia University
Highest Paying City
Sacramento, CA
Highest Paying State
North Dakota
Avg Experience Level
2.7 years
How much does a Finance Aid Officer make at top companies?
The national average salary for a Finance Aid Officer in the United States is $84,130 per year or $40 per hour. Those in the bottom 10 percent make under $41,000 a year, and the top 10 percent make over $170,000.

How Would You Rate The Salary Of a Finance Aid Officer?

Have you worked as a Finance Aid Officer? Help other job seekers by rating your experience as a Finance Aid Officer.

Top Skills for A Finance Aid Officer

  1. Financial Aid
  2. Student Loans
  3. Title IV
You can check out examples of real life uses of top skills on resumes here:
  • Provide the screening mechanism to ensure that only financially and academically qualified students are endowed with financial aid.
  • Review student financial aid applications/student loans for completeness and accuracy.
  • Determined student s Federal Financial Aid/Title IV funding eligibility.
  • Assist students and parents with the completion of the FAFSA and review information to ensure all information is reported correctly.
  • Collect all required documentation including master promissory notes; ensure compliance with the Federal Government Department of Education.

Finance Aid Officer Resume Examples And Tips

The average resume reviewer spends between 5 to 7 seconds looking at a single resume, which leaves the average job applier with roughly six seconds to make a killer first impression. Thanks to this, a single typo or error on your resume can disqualify you right out of the gate. At Zippia, we went through over 3,177 Finance Aid Officer resumes and compiled some information about how best to optimize them. Here are some suggestions based on what we found, divided by the individual sections of the resume itself.

Learn How To Create A Top Notch Finance Aid Officer Resume

View Resume Examples

Finance Aid Officer Demographics

Gender

Female

64.2%

Male

23.9%

Unknown

11.9%
Ethnicity

White

57.5%

Hispanic or Latino

21.4%

Black or African American

11.2%

Asian

6.5%

Unknown

3.5%
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Foreign Languages Spoken

Spanish

74.2%

French

7.6%

Portuguese

3.0%

Mandarin

2.3%

Chinese

1.5%

Vietnamese

1.5%

German

1.5%

Greek

1.5%

Swedish

0.8%

Russian

0.8%

Cantonese

0.8%

Hindi

0.8%

Polish

0.8%

Arabic

0.8%

Gujarati

0.8%

Korean

0.8%

Italian

0.8%
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Finance Aid Officer Education

Schools

University of Phoenix

23.8%

Kaplan University

17.0%

South University

5.4%

Ashford University

4.8%

Arizona State University

4.8%

Strayer University

4.8%

Mesa Community College - Boswell

3.4%

Nova Southeastern University

3.4%

American InterContinental University

3.4%

Florida State University

3.4%

Florida International University

3.0%

Capella University

3.0%

Florida Atlantic University

2.8%

University of Maryland - University College

2.6%

Southern New Hampshire University

2.6%

Grand Canyon University

2.6%

University of South Florida

2.4%

University of Central Florida

2.4%

Liberty University

2.4%

Keiser University

2.2%
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Majors

Business

39.3%

Accounting

10.9%

Psychology

5.9%

Management

4.7%

Human Resources Management

4.6%

Finance

4.3%

Communication

4.0%

Criminal Justice

3.0%

Marketing

3.0%

Education

2.7%

Educational Leadership

2.3%

Elementary Education

2.1%

Health Care Administration

2.1%

Liberal Arts

1.8%

Political Science

1.8%

English

1.6%

Sociology

1.6%

School Counseling

1.5%

Human Services

1.4%

General Studies

1.3%
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Degrees

Bachelors

40.7%

Masters

26.0%

Other

14.8%

Associate

12.0%

Certificate

3.3%

Diploma

1.9%

Doctorate

1.1%

License

0.2%
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Top Finance Aid Officer Employers

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Finance Aid Officer Videos

Pain of a Financial Aid Officer

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