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As of August 01, 2026, the average salary for a Financial Aid Advisor in Illinois is $49,500 per year, which breaks down to an hourly rate of $24.
However, a Financial Aid Advisor's salary can vary significantly. Here’s a look at the typical salary range:
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Financial Aid Advisor Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $53,530 | $4,461 | $1,029 | $26 |
| Average | $49,500 | $4,125 | $952 | $24 |
| 25th Percentile | $44,330 | $3,694 | $853 | $21 |
ATS Institute of Technology, Nursing School - Highland Park, IL
Dominican University - River Forest, IL
Southern Illinois University Carbondale - Carbondale, IL
Covista - Lisle, IL
A Financial Aid Advisor's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Financial Aid Advisor's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Financial Aid Advisor | 2-4 years | $49,493 |
| Associate Student Financial Aid Director - Higher Ed. | 4-5 years | $66,702 |
| College Financial Aid Director | 5+ years | $98,993 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Financial Aid Advisors. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Financial Aid Advisor salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $51,084. While startup companies pay approximate $43,650.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $43,650 |
| Growth Stage | 51~500 | $46,054 |
| Established | 501~5000 | $49,453 |
| Enterprise | 5000+ | $51,084 |
For Financial Aid Advisor roles, the industry you choose can impact your earning potential by as much as 10% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Government, offers compensation 5% above the average. Conversely, Financial Aid Advisor positions in Nonprofit typically offer lower base pay, as this sector often view Financial Aid Advisor as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Government | $51,975 | $25.0 | 5% |
Understanding how a Financial Aid Advisor's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $53,530 | $4,461 | $1,029 | $26 |
| Average | $49,500 | $4,125 | $952 | $24 |
| 25th Percentile | $44,330 | $3,694 | $853 | $21 |
For a Financial Aid Advisor, the most direct path to higher earnings is advancing to the Associate Student Financial Aid Director - Higher Ed. role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $66,800 - a projected growth of 35% over your current level.
Ready to take the next step in your career? Browse thousands of current Financial Aid Advisor job openings on our job board. Use the search bar below to find your perfect match.
Elmhurst University
Elmhurst, IL
Elmhurst University | Elmhurst, IL
The Associate Director of Financial Aid Counseling provides leadership and oversight for all customer service and counseling operations within the Office o... more
5 Days Ago
Roosevelt University
Chicago, IL
Roosevelt University | Chicago, IL
Posting DetailsPosition InformationPosition TitleAssociate Director, Financial Aid SystemsCategoryAdministrativePosition NumberPosting NumberS0001349Locati... more
5 Days Ago
Cornell College
Mount Vernon, IL
Cornell College | Mount Vernon, IL
Cornell College invites applications for a part-time financial aid customer service specialist. The specialist provides support to prospective and current ... more
2 Days Ago
Edward Jones
Bradley, IL
Edward Jones | Bradley, IL
Financial Advisor Opportunity. Join a financial services firm where your contributions are valued. Edward Jones is a Fortune 500 company where people come ... more
1 Day Ago
1ST MIDAMERICA CREDIT
Wood River, IL
1ST MIDAMERICA CREDIT | Wood River, IL
Job Description. Job Description. Apply. Financial Advisor - 1st MidAmerica Credit Union. locationsWood River, IL. time typeFull time. posted onPosted 30+ ... more
2 Days Ago
Evergreen Wealth Strategies
Centralia, IL
Evergreen Wealth Strategies | Centralia, IL
Job Description. Job Description. Role & Responsibilities. . Client Engagement. Collaborate with Senior Financial Advisors and the Evergreen team to provid... more
2 Days Ago
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