SchoolPay Salary

SchoolPay Salary

How much does the SchoolPay Pay for employees?

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As of August 2026, the average annual salary for employees at SchoolPay in the United States is $87,675. This translates to an approximate hourly wage of $42. Salaries at SchoolPay typically range from $76,900 to $99,344 annually, reflecting the diverse roles and experience levels within the company. SchoolPay’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does SchoolPay Pay for Different Roles?

Explore detailed salary information for specific jobs at SchoolPay. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at SchoolPay

Ready for your next career move? Explore current job openings at SchoolPay. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is SchoolPay’s Pay Competitive? Salary Benchmarking Analysis

How does SchoolPay’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
60k
30k
0
Average Salary ($/year)
SchoolPay
Financial Services
Farmers and Mechanics Federal Savings and Loan Association
Sightway Capital LP
Industry Comparison
Our data shows that, on average, compensation at SchoolPay is below the average for the U.S. Financial Services industry by approximately 28%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared SchoolPay average annual salary with several similar companies. SchoolPay average salary of $87,675 is higher than Farmers and Mechanics Federal Savings and Loan Association, which has an average salary of $80,766. It is lower than Sightway Capital LP, with their average salary at $106,292. This places SchoolPay in a mid-range position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

How SchoolPay's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at SchoolPay. Click a company name to learn more.

Employee Reviews: Working at SchoolPay

Considering a career at SchoolPay? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
Professional development is a priority, offering everything from workshops to global rotations. Projects are managed efficiently, but internal communication needs improvement. Flexible scheduling and remote work options demonstrate trust in employees' professionalism. Training is basic but helpful.
Commented in May 22, 2025
43
3
Flexible schedules and remote work options promote a healthy work-life balance. Competitive salary and excellent benefits make it a great workplace. What I appreciate most is how this diversity enhances our problem-solving and client service capabilities. Most importantly, there’s a shared passion for delivering exceptional financial solutions ethically. Colleagues are driven, respectful, and prof...
Commented in May 15, 2024
13
1
We're always looking for better ways to serve our clients and streamline operations. Reliable leadership during industry changes. I’ve had a great experience learning new systems and taking on responsibility. Structure is the company’s strong suit.
Commented in January 21, 2024
48
1

SchoolPay Overview

Website
www.schoolpay.com
Founded In
2008
Employees
<25 employees
Industry
Financial Services
Headquarter Address
100 S Baldwin St Madison Wisconsin WI 53703
Revenue
$5 Million - $10 Million
Phone Number
+1 8888869729
Social Media
About SchoolPay
SchoolPay (www.schoolpay.com), a product from My Payment Network, is the first enterprise-level payment software built specifically for K12. SchoolPay centralizes every in-person, online and mobile payment in a school, district or school group and synchronizes payment data with other district applications, such as student information systems, general ledger, and food service software that rely on

What Benefits Does SchoolPay Offer Beyond Salary?

A competitive compensation package is more than just a salary. SchoolPay offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Madison?

Understanding the cost of living near Madison is key to truly evaluating a salary offer or your current compensation at SchoolPay.
Madison's Cost of Living Index is approximately 100.8 (0.8% more expensive than US average; 6.3% more than WI average). State capital (Univ. of WI), desirable, housing costs near US avg. Metro Transit. When planning your budget based on a salary from SchoolPay, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,200 - $1,700+ A significant portion of SchoolPay salary. Location choices impact this heavily.
Utilities (Basic) $120 - $210 Electricity, Heating, Cooling, Water etc.
Public Transportation $65 (Metro monthly pass, free for UW) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $410 - $600 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $380 - $700+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,575 - $3,945+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of SchoolPay

1. How much does SchoolPay in the United States pay?

SchoolPay pays its employees an average of $87,675 per year. The average salary at SchoolPay range from $76,900 to $99,344 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do SchoolPay employees get a higher salary than its peer company?

The salary at SchoolPay is higher than its peer company. The average annual salary at SchoolPay is $87,675, or an hourly wage of $42, in comparison to Farmers and Mechanics Federal Savings and Loan Association which pays $80,766 per year or $39 per hour.

3. What are the highest paying jobs at SchoolPay?

The higher-paying job at SchoolPay, according to our data, include Chief Executive Officer & President (avg. $678,681 per year), Chief Marketing Officer (avg. $285,865 per year), and Salesman (avg. $82,076 per year). Pay for these roles reflects significant responsibility, specialized skills and experience.

4. How much does salary increase with years of experience at SchoolPay?

Salary progression with years of experience at SchoolPay is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

5. Do salaries at SchoolPay vary by office location?

Yes, it's very likely that salaries at SchoolPay vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Madison section provides more context.

6. Does SchoolPay offer good benefits?

SchoolPay typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at SchoolPay" section on this page.

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