Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Financial Aid Counselor – Higher Education Job Description

Job Descriptions February 15, 2014

The primary responsibility of the financial aid counselor is to help families and prospective students with the application process. The financial aid counselor is often referred to as an advisor or representative and participates in the various aspects of the financial aid program. A financial advisor can be responsible for the management and dispersal of monetary rewards and grants.

In the management of the financial aid department at institutions of higher education, the office of financial aid can be responsible for the disbursement of scholarship awards and application processes. Ideal candidates for financial aid counselor will perform regular audits of financial aid accounts. This position may require a bachelor’s degree and at least 1-3 years direct experience within the field, usually this experience will come as an assistant.

The ideal candidate must be familiar with all regulations, policy and procedures involved with the processing of financial aid applications and dispersal of funds. The financial aid counselors will rely on experience in order to set and accomplish goals related to the processing of applications within financial aid programs. They will typically report to the director of financial aid or the head of the department.

The average median salary for financial aid counselors is $30,000-$45,000 annually. It is paramount that this individual be able to interpret federal, state and college regulations.

They may be responsible for adhering to institutional budget limits on spending financial aid dollars by tracking dollars within their individual account responsibility. The qualified candidate will have the ability to participate in annual audits and ensure office compliance while submitting required and accurate reports. This position may require extremely comfortable usage of Banner Financial Aid or comparable database systems.

A commitment to work with the diverse community of need based individuals is a prime responsibility. A natural candidate for this position will be inquisitive and analytical by nature. A superior financial aid counselor will have the ability to think critically while solving problems and explaining advanced concepts to non-experts, with an aptitude toward helping these individuals to understand financial aid policy and processes.

Strong communication skills are essential to meet the demands of the financial aid counselor. Also needed is the ability to present detailed formatted information in a public form or one on one, as well as determining the need based eligibility of a student for federal, state and institutional financial aid. The most qualified candidate will have the skill to create and write independently of forms and applications.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Are You a Natural Leader or Good with Numbers? Get Educated in the Business Field.
  • Build the Capabilities and Connections to Power Your Future.
  • Business Administration & Management, Accounting, Marketing Degree Programs and More From Top Colleges that Fit Your Needs.
  • Find Schools Online or Near You & Get Info for FREE Today!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!