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Salaries in financial aid offices in the RMASFAA region continue to rise, although
they tend to be lower than those in other parts of the country. You can find
out more about how the nation’s financial aid professionals are paid in
a new report entitled Key Factors in Compensation of Financial Aid Administrators
and Staff: A Report on the 2003 NASFAA Salary Survey, now available through
the Research News section of the NASFAA web site at www.nasfaa.org.
The survey collected data from 459 respondents in the RMASFAA region. Overall,
it showed RMASFAA aid offices enjoyed a 22% gain in average annual full-time
salaries from 1997 to 2003. Salaries rose fastest for associate directors,
assistant directors, and managers and supervisors during this period.
| Average Annual Full-Time Salaries in RMASFAA Region |
| Job Category Title |
1997 |
2003 |
Percent Gain |
| Director |
$ 41,624 |
$ 50,814 |
22% |
| Associate Director |
$ 36,872 |
$ 50,744 |
38% |
| Assistant Director |
$ 30,028 |
$ 41,173 |
37% |
| Manager/Supervisor/Division Chief |
$ 28,144 |
$ 39,644 |
41% |
| Systems or Program Analyst |
$ 32,315 |
$ 38,550 |
19% |
| Counselor/Advisor/Officer/Coordinator |
$ 24,861 |
$ 31,757 |
28% |
| Other Professional |
$ 18,448 |
$ 42,581 |
31% |
| Secretary/Receptionists/Clerk/Processor |
$ 23,280 |
$ 26,902 |
16% |
| Other Clerical |
$ 20,670 |
$ 25,968 |
26% |
Over 3,700 respondents from all over the United States provided data
for the survey. Comparative data from four of six NASFAA regions indicate
that financial aid staff members in the RMASFAA region tended to be
paid better than their counterparts in the southeast but not as well
as their peers in the Midwest and eastern United States.
Average Annual Full-Time
Salaries in 2003
How RMASFAA Compares to Other Regions |
| Job Category Title |
RMASFAA |
EASFAA |
MASFAA |
SASFAA |
| Overall Average |
$ 39,976 |
$ 47,771 |
$ 42,401 |
$ 38,537 |
| Director |
$ 50,814 |
$ 61,232 |
$ 56,313 |
$ 52,687 |
| Associate Director |
$ 50,744 |
$ 53,341 |
$ 51,722 |
$ 48,874 |
| Assistant Director |
$ 41,173 |
$ 39,621 |
$ 39,493 |
$ 35,703 |
| Manager/Supervisor/Division Chief |
$ 39,644 |
$ 42,394 |
$ 32,019 |
$ 29,806 |
| Systems or Program Analyst |
$ 38,550 |
$ 35,323 |
$ 35,774 |
$ 31,732 |
| Counselor/Advisor/Officer/Coordinator |
$ 31,757 |
$ 34,010 |
$ 31,780 |
$ 30,194 |
| Other Professional |
$ 42,581 |
$ 47,453 |
$ 36,246 |
$ 29,005 |
| Secretary/Receptionists/Clerk/Processor |
$ 26,902 |
$ 25,776 |
$ 25,834 |
$ 22,930 |
| Other Clerical |
$ 25,968 |
$ 25,764 |
$ 31,831 |
$ 24,675 |
The survey also indicated that average annual salaries for financial
aid directors in the RMASFAA region to be the lowest in the nation
at $50,814 per year. Financial aid directors who responded to
the survey from the WASFAA region averaged the highest annual
salaries at $63,907.
Key Factors in Compensation also provides data on financial aid salaries
by demographic and institutional characteristics.
The NASFAA Research Committee sponsored the 2003 NASFAA Salary Survey. The
survey was conducted by Mark S. Williams of the Center for Higher Education
Support Services under the supervision of Kenneth Red, NeASFAA’s Director
of Research and Policy Analysis.
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