How Much Do Directors of Financial Aid Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary directors of financial aid make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for directors of financial aid and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of directors of financial aid are offering as compensation.
Keep reading to learn more about how much directors of financial aid can expect to make in the United States.
At a Glance: Salary & Jobs for Directors of Financial Aid
According to data from 2023, there were about 218,839 positions for directors of financial aid in the United States. In terms of salary, the national median salary for directors of financial aid was reported to be $102,606. Additionally, when examining job demand, employers across the country posted 76,223 job postings related to positions for directors of financial aid.
How Much Money Do Directors of Financial Aid Make?
Median salary is just one data point. To build a better understanding of how much money directors of financial aid and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for directors of financial aid.
Annual Salary for Directors of Financial Aid
According to the BLS, the lowest earners for directors of financial aid and related professions earned about $62,962 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $209,872 annually.
As mentioned previously, the median salary for directors of financial aid in the United States in 2023 was $102,606.
Annual Salary Range For Directors of Financial Aid In 2023
Hourly Salary for Directors of Financial Aid
The BLS also breaks down compensation for directors of financial aid by hourly salary, and the median average hourly pay for directors of financial aid in 2023 was $49. Lowest hourly earners took home $30 while the highest reported hourly salaries for directors of financial aid was $101.
Hourly Salary Range For Directors of Financial Aid In 2023
Top Online College For Working Adults
Franklin University is a top choice for adults who need to balance school with busy lives. Founded in 1902 in Columbus, Ohio, Franklin's main focus has been serving adult students and tailoring education to fit their needs. Nonprofit and accredited by the Higher Learning Commission (hlcommission.org/800.621.7440), Franklin offers more than 50 affordable bachelor's, master's, and doctoral programs — all available 100% online.
Degree Options for Directors of Financial Aid
Focus your online doctorate in educational technology at Franklin University and earn an Ed.D. Instructional Technology degree (Doctor of Education in Instructional Design Leadership).
- Years To Complete: 3
Become a stronger and more confident and conscious leader with Franklin’s 3-year Ed.D. doctorate with a focus on Higher Education. In this 100% online program, you’ll learn and apply theoretical frameworks and data-informed leadership skills across different organizational contexts within the college and university setting.
- Years To Complete: 3
Educational and business settings need effective and ethical leaders. Franklin’s 3-year Ed.D. with a focus on Organization Leadership equips you to become a transformative leader. With this 100% online doctor of education, you’ll develop expertise in educational technology, data-driven decision making and real-world change management.
- Years To Complete: 3
- Class Type: 100% online
- Years To Complete: 3
Rise to meet the unique challenges of a higher education leader with Franklin’s 12-month online M.Ed. in Educational Leadership with a focus in Higher Education Leadership. The broad-based, theory-to-practice program will prepare you to manage systems and processes that contribute to student achievement.
- Placement Tests: GMAT/GRE not required for admission
Design, develop and implement effective solutions to develop knowledge and improve performance for learners in a variety of settings.
- Class Type: 100% online
- Months To Complete: 16
- Placement Tests: GMAT/GRE not required for admission
Advertised Compensation for Directors of Financial Aid
Data from the BLS is one way to dig into compensation for directors of financial aid, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for directors of financial aid.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Directors of Financial Aid
Advertised Annual Salary
During a review of 90,149 job postings related to directors of financial aid, advertised salary was included in 27,138 of them, which was 30%. Based on those postings, the median advertised salary for directors of financial aid was $67,456 per year.
Hourly Salary from Job Postings for Directors of Financial Aid
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for directors of financial aid. Based on 36% of postings with advertised compensation, the median hourly salary for open positions for directors of financial aid in the United States is about $32.
Salary Trend for Directors of Financial Aid
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for directors of financial aid. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for directors of financial aid dating back to September 2020, advertised salaries for directors of financial aid have increased 31%.
Advertised Wage Trend For Directors of Financial Aid
What's the Job Growth for Directors of Financial Aid?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for directors of financial aid over the next 10 years.
According to the data obtained through Lightcast,™ there were 218,951 jobs for directors of financial aid in the United States in 2023. By 2033, it is expected that about 17,322 jobs will be added. That's a 7.9% increase over the next 10-year period.
Employment Projections For Directors of Financial Aid
Additional Links
Ready to dig deeper into career information about directors of financial aid? Visit our other pages focused on salary and education for directors of financial aid.
What do directors of financial aid do?
Directors of Financial Aid: How do you become one?
All Occupations
The Best Adult Colleges and Careers Guide has compiled data for dozens of in-demand jobs. Explore our full catalog of occupation data by visiting the link below.