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Financial Aid Manager Jobs in Park Ridge, IL (NOW HIRING)

TCS Education System

Financial Aid Advisor

Chicago, IL · On-site

$20.75 - $26.75/hr

The Financial Aid Advisor is responsible for advising and assisting students with all aspects of ... Application Process Please note the screening, recruitment, and selection process is managed by ...

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Financial Aid Manager information

See Park Ridge, IL salary details

$16.2K

$44.6K

$64K

How much do financial aid manager jobs pay per year?

As of Aug 31, 2026, the average yearly pay for financial aid manager in Park Ridge, IL is $44,628.00, according to ZipRecruiter salary data. Most workers in this role earn between $38,400.00 and $50,700.00 per year, depending on experience, location, and employer.

What does a financial aid manager do?

A Financial Aid Manager oversees the administration of financial aid programs at educational institutions, such as colleges or universities. They are responsible for ensuring compliance with federal, state, and institutional regulations, managing the distribution of scholarships, grants, and loans, and supervising financial aid staff. Their role includes evaluating student applications, providing guidance to students and families about financial aid options, and maintaining accurate records. Financial Aid Managers play a key part in helping students access funding for their education and ensuring the institution's financial aid processes run smoothly.

What are the key skills and qualifications needed to thrive as a financial aid manager?

To thrive as a Financial Aid Manager, you need expertise in financial aid regulations, budgeting, and compliance, typically supported by a bachelor's degree in finance, education, or a related field. Familiarity with financial aid management systems like Banner, PowerFAIDS, or Ellucian, as well as knowledge of federal and state aid programs, is crucial. Strong leadership, attention to detail, and effective communication skills help you manage staff, counsel students, and navigate complex situations. These abilities ensure accurate aid distribution, legal compliance, and positive student experiences within educational institutions.

What are some common challenges financial aid managers face when balancing compliance with providing student support?

Financial Aid Managers often navigate the complex landscape of federal, state, and institutional regulations while ensuring students receive the financial support they need. One common challenge is staying up-to-date with frequently changing policies and maintaining strict documentation to avoid compliance issues or audits. At the same time, they must communicate clearly and empathetically with students and families, explaining eligibility and addressing concerns. Balancing these responsibilities requires strong organizational skills and a commitment to both regulatory accuracy and student service.

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

AspectFinancial Aid ManagerFinancial Aid Coordinator
CredentialsBachelor's degree; sometimes advanced certificationsHigh school diploma or associate's degree; relevant certifications optional
Work EnvironmentSupervisory role overseeing staff and policiesAssists students directly with aid applications and documentation
Employer & Industry UsageColleges, universities, and educational institutionsEducational institutions, financial aid offices
Primary ResponsibilitiesManaging aid programs, policy development, staff supervisionProcessing applications, providing student support, data entry

The main difference between a Financial Aid Manager and a Financial Aid Coordinator lies in their scope of responsibilities. The manager oversees the entire financial aid program, staff, and policies, while the coordinator focuses on assisting students with applications and documentation. Both roles are essential in educational institutions and often require similar credentials, but the manager holds a supervisory position with broader strategic duties.

How to become a financial aid manager?

To become a financial aid manager, candidates typically need a bachelor's degree in finance, education administration, or a related field. Relevant experience in financial aid, student services, or administration is often required, along with strong organizational and communication skills. Some positions may prefer or require a master's degree or certification such as the NASFAA Credentialing Program.

What job categories do people searching Financial Aid Manager jobs in Park Ridge, IL look for?

The top searched job categories for Financial Aid Manager jobs in Park Ridge, IL are:

What cities near Park Ridge, IL are hiring for Financial Aid Manager jobs?

Cities near Park Ridge, IL with the most Financial Aid Manager job openings:

Financial Aid Manager jobs near you

Financial Aid Advisor

Chicago, IL • On-site

TCS Education System
Colleges, Universities, and Professional Schools • 501 - 1,000 employees
Learn more about TCS Education Systemexternal

$20.75 - $26.75/hr

Full-time

Medical, Dental, Life, Retirement, PTO

Posted 29 days ago

Job description

Job Description:
The Community Solution Education System is seeking a Financial Aid Advisor for the Financial Aid department.
The Financial Aid Advisor is responsible for advising and assisting students with all aspects of financing their education including establishing financial aid eligibility, clarifying policies, and providing accurate information on all financing options. This is a hybrid position, requiring regular on-campus presence during peak periods, student-facing events, and scheduled days each week, combined with remote responsibilities focused on processing, compliance, and student support. The role ensures accurate and compliant delivery of financial aid in alignment with federal, state, and institutional regulations. The hybrid expectations are 2 days per week on campus and 3 days per week remote, however may be subject to adjustments based on student needs. This role reports to the Associate Director of Financial Aid.
Position responsibilities, including but not limited to:
  • Advise incoming and current students on financial aid resources, eligibility, and options
  • Collect and review documentation required to verify financial aid eligibility
  • Package and revise financial aid awards for new and continuing students
  • Track, process, and maintain financial aid documents in the student information system
  • Prepare and distribute financial aid award letters
  • Serve as a primary point of contact for students with financial aid questions
  • Present financial aid information at student events, workshops, and financial literacy sessions
  • Support financial aid-related campus events during peak periods
  • Stay current on financial aid regulations by attending trainings and workshops
  • Collaborate with The Community Solution Education System Financial Aid Director and staff
  • Provide exceptional customer service and timely responses to student inquiries
  • Perform other duties as assigned

Required Knowledge, Skills, and Abilities
  • Knowledge of Title IV regulations, Direct Loan programs, and financial aid compliance
  • Familiarity with CampusVue or similar student information systems
  • Strong communication, customer service, and problem-solving skills
  • High accuracy, attention to detail, and ability to meet deadlines
  • Ability to work independently with minimal supervision
  • Proficiency with standard office software and web-based platforms
  • Ability to work effectively with diverse student populations

Education
  • Minimum High School Diploma
  • Bachelor's degree preferred, but not required

Experience
  • 1-2 years of experience in financial aid or related student services area
  • 1- 2 years of experience with student information systems, CRM tools, or financial aid software preferred

Working Conditions / Physical Requirements
  • Hybrid work schedule (combination of on-campus- 3 days per week - and remote work - 2 days per week)
  • Ability to perform sedentary work and operate office equipment (computer, printer, phone)
  • Ability to work occasional evenings or weekends based on peak periods or events

The Community Solution offers a generous compensation and benefits package, as well as the opportunity to work for a leader in the field of education. To learn more about our competitive benefits and additional rewards, including generous paid time-off, medical and dental insurance coverage, life and disability insurance, retirement plan with employer contribution, multiple flexible spending accounts, tuition reimbursement, click the link below.
https://www.tcsedsystem.edu/careers/
The Community Solution is an Equal Opportunity Employer.
Application Process
Please note the screening, recruitment, and selection process is managed by recruiting staff and hiring managers with the aid of artificial intelligence to evaluate candidates against job requirements. The artificial intelligence tool is a resource only and all employment decisions are made by staff members.
When you apply, it is recommended you utilize the option to parse your resume into the application. To ensure your experience is accurately reflected, please review and complete all application fields-even if you auto-fill from your resume.
For the best results, tailor your resume to the job description, highlight key qualifications and skills, and use clear, consistent formatting. This helps our AI tools read and assess your application more effectively. We are committed to regularly monitoring the process for fairness and remove personally identifiable information during evaluation.

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