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$27.5K

$89.9K

$186.5K

How much do director financial aid jobs pay per year?

As of Jun 8, 2026, the average yearly pay for director financial aid in the United States is $89,912.00, according to ZipRecruiter salary data. Most workers in this role earn between $62,000.00 and $110,000.00 per year, depending on experience, location, and employer.

What are some common challenges faced by a Director of Financial Aid, and how can they be addressed?

A Director of Financial Aid often navigates challenges such as ensuring regulatory compliance, managing high volumes of student inquiries, and adapting to frequent changes in federal and state aid policies. Balancing the needs of students with institutional requirements and deadlines can be demanding. Successful directors rely on strong organizational skills, ongoing professional development, and effective collaboration with admissions, registrar, and finance departments to address these challenges and support student success.

What are the key skills and qualifications needed to thrive as a Director of Financial Aid, and why are they important?

To thrive as a Director of Financial Aid, you need expertise in financial aid regulations, compliance, and higher education administration, typically supported by a bachelor's or master's degree in a related field. Familiarity with federal and state financial aid systems, student information systems (such as Banner or PowerFAIDS), and regulatory tools like FAFSA is essential. Exceptional leadership, problem-solving, and communication skills help foster team effectiveness and provide clear guidance to students and staff. These skills ensure accurate administration of aid programs, regulatory compliance, and equitable support for students navigating financial challenges.

What does a Director of Financial Aid do?

A Director of Financial Aid oversees and manages the financial aid office at an educational institution. They are responsible for developing policies, administering federal, state, and institutional aid programs, and ensuring compliance with relevant regulations. The director also supervises staff, provides guidance to students and families about financial aid options, and works to maximize access to financial resources for students. Their role is crucial in helping students afford their education while maintaining the institution’s financial aid integrity.

What is the difference between Director Financial Aid vs Financial Aid Manager?

AspectDirector Financial AidFinancial Aid Manager
ResponsibilitiesOversees entire financial aid department, develops policies, manages staff, and ensures compliance with regulations.Manages daily operations of financial aid programs, processes applications, and assists students with aid options.
Required CredentialsBachelor’s degree; often a master’s; experience in financial aid or higher education.Bachelor’s degree; experience in financial aid or student services.
Work EnvironmentHigher education institutions, administrative offices.Financial aid offices, student services departments.

The main difference is that the Director Financial Aid holds a leadership role overseeing the entire department, while the Financial Aid Manager handles daily operations and student interactions. Both roles require relevant experience and education, but the director typically has broader strategic responsibilities.

What Does a Financial Aid Director Do?

A financial aid director oversees the financial aid department at a private school, college, or university. In this career, your primary job duties are to implement financial aid programs and oversee financial aid staff as they evaluate student eligibility for loans, grants, and work-study options. Your responsibilities are to verify the information in financial aid applications, monitor sources of federal and state funding, track enrollment statistics and expenditures, and administer programs that meet the needs of your school.

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Director Financial Aid jobs near you

Director Financial Aid

Bon Secours Memorial College of Nursing

Mechanicsville, VA

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

Job description

Thank you for considering a career at Bon Secours Memorial College of Nursing!

Scheduled Weekly Hours:

40

Work Shift:

Days (United States of America)

Summary of Primary Function/General Purpose of Position

Provides leadership, accountability, and daily management of the Financial Aid Office to administer federal, state, and institutional financial aid funding. Maintains regulatory compliance and protects the integrity of the financial aid services of the College. Creates and maintains quality customer service to students and partners.

Essential Job Functions

  • Oversee full-service financial aid processing, including document collection, budgeting, awarding, FAFSA verification and loan certification for the College.
  • Maintain current knowledge of federal and institutional policies and procedures regulating student aid. Maintain compliance with all regulations.
  • Create, maintain, and comply with all timelines required by the institution and regulatory bodies.
  • Manage and evaluate processes to allow for efficient and accurate reporting and processing of financial aid.
  • Monitor Satisfactory Academic Progress of all students.
  • Provide oversight and preparation for annual Single (A-133) audit.
  • Proactive approach to identifying problems, creating innovate solutions, managing projects, leading teams, and implementing efficiencies and effectiveness using technology.
  • Facilitate application of military and veteran affairs benefits to student financial aid awards.
  • Coordinate financial aid functions with appropriate offices and as a part of integrated student service efforts.
  • Work closely with the Business Office.
  • Hire, train and supervise Financial Aid staff in the essentials of customer service, student outreach, student financial planning and the necessary elements of financial aid compliance.
  • Demonstrated knowledge of principles and processes for delivering excellent customer service, including student needs assessment, establishing quality standards and metrics for services and the evaluation of customer service.

This document is not an exhaustive list of all responsibilities, skills, duties, requirements, or working conditions associated with the job. Employees may be required to perform other job related duties as required by their supervisor, subject to reasonable accommodation.


Education

  • Bachelor Degree (required)
  • Graduate Degree (preferred)

Minimum Qualifications

  • 3-5 years experience in higher education financial aid.
  • Knowledge of the financial aid process to include a strong working knowledge of federal regulations and financial aid office operations.
  • Knowledge of higher education processes, best practices, supervisory/personnel practices, strong communication and technology skills.

Skills

  • Working knowledge of higher education regulations
  • Microsoft Office Suite
  • Ability to lead and communicate with others.
  • Explain financial aid operations to administrators, faculty, staff, etc.

Bon Secours Memorial College of Nursingis an equal opportunity employer.

As a Bon Secours Memorial College of Nursing associate, you're part of a Mission that matters. We support your well-being-personally and professionally. Our benefits are built to grow with you and meet your unique needs, every step of the way.

What we offer

  • Competitive pay, incentives, referral bonuses and 403(b) with employer contributions (when eligible)
  • Medical, dental, vision, prescription coverage, HSA/FSA options, life insurance, mental health resources and discounts
  • Paid time off, parental and FMLA leave, short- and long-term disability, backup care for children and elders
  • Tuition assistance, professional development and continuing education support

Benefits may vary based on the market and employment status.

Department:

Nursing Education - Memorial - College of Nursing

It is our policy to abide by all Federal and State laws, as well as, the requirements of 41 CFR 60-1.4(a), 60-300.5(a) and 60-741.5(a). Accordingly, all applicants will receive consideration for employment without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, age, genetic information, or protected veteran status, and will not be discriminated against on the basis of disability. If you'd like to view a copy of the affirmative action plan or policy statement for Mercy Health- Youngstown, Ohio or Bon Secours - Franklin, Virginia; Petersburg, Virginia; and Emporia, Virginia, which are Affirmative Action and Equal Opportunity Employer, please email recruitment@mercy.com. If you are an individual with a disability and would like to request a reasonable accommodation as part of the employment selection process, please contact The Talent Acquisition Team at recruitment@mercy.com.

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