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Residence life director vs finance aid director

The differences between residence life directors and finance aid directors can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a residence life director and a finance aid director. Additionally, a finance aid director has an average salary of $58,644, which is higher than the $52,520 average annual salary of a residence life director.

The top three skills for a residence life director include residence life, phone calls and student development. The most important skills for a finance aid director are financial aid programs, title iv, and state regulations.

Residence life director vs finance aid director overview

Residence Life DirectorFinance Aid Director
Yearly salary$52,520$58,644
Hourly rate$25.25$28.19
Growth rate7%7%
Number of jobs17,49098,523
Job satisfaction--
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 63%
Average age4747
Years of experience66

Residence life director vs finance aid director salary

Residence life directors and finance aid directors have different pay scales, as shown below.

Residence Life DirectorFinance Aid Director
Average salary$52,520$58,644
Salary rangeBetween $32,000 And $84,000Between $37,000 And $92,000
Highest paying CityNew Haven, CTWashington, DC
Highest paying stateConnecticutNew Jersey
Best paying companyPoint BCommonwealth
Best paying industry-Education

Differences between residence life director and finance aid director education

There are a few differences between a residence life director and a finance aid director in terms of educational background:

Residence Life DirectorFinance Aid Director
Most common degreeBachelor's Degree, 70%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeNorthwestern UniversityUniversity of Pennsylvania

Residence life director vs finance aid director demographics

Here are the differences between residence life directors' and finance aid directors' demographics:

Residence Life DirectorFinance Aid Director
Average age4747
Gender ratioMale, 44.0% Female, 56.0%Male, 30.9% Female, 69.1%
Race ratioBlack or African American, 12.0% Unknown, 4.1% Hispanic or Latino, 13.3% Asian, 4.6% White, 65.3% American Indian and Alaska Native, 0.7%Black or African American, 11.4% Unknown, 4.0% Hispanic or Latino, 14.3% Asian, 4.4% White, 65.2% American Indian and Alaska Native, 0.7%
LGBT Percentage16%16%

Differences between residence life director and finance aid director duties and responsibilities

Residence life director example responsibilities.

  • Motivate, train and lead a team of nine ministry coordinators.
  • Provide leadership, oversight, and administration of innovative student-centered activities.
  • Provide clinical oversight of family-centered services that include capacity building, needs assessment, program and policy development and evaluation.
  • Cultivate, coordinate, and assist in the development of student leadership and responsibility through programming and direct involvement with students.

Finance aid director example responsibilities.

  • 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.
  • Show more

Residence life director vs finance aid director skills

Common residence life director skills
  • Residence Life, 7%
  • Phone Calls, 6%
  • Student Development, 6%
  • Oversight, 6%
  • Student Affairs, 6%
  • Student Conduct, 4%
Common finance aid director skills
  • Financial Aid Programs, 9%
  • Title IV, 8%
  • State Regulations, 5%
  • Enrollment Management, 5%
  • Student Loans, 4%
  • Federal Regulations, 4%

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