Financial Aid Administrator

Edtech.com's Summary

Touro University New York is hiring a Financial Aid Administrator responsible for managing financial aid packages and ensuring compliance with federal, state, and institutional regulations. This role involves counseling students and families, processing aid through various software systems, determining award eligibility, collaborating with departments to resolve student issues, and maintaining current knowledge through professional development.

Highlights

Manage and award financial aid packages in compliance with regulations.
Counsel students and parents on financial aid application processes and program eligibility.
Use federal, state, and institutional software systems, including Banner financial aid module preferred.
Prepare and distribute financial aid award notifications and oversee disbursements.
Organize and present financial aid orientations, exit counseling, and entrance interviews.
Collaborate with interdepartmental personnel to address student concerns.
Participate in workshops, webinars, and conferences for professional development and regulatory updates.
Associate degree required; bachelor's degree preferred; 1-3 years of relevant experience needed.
Proficient in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook).
Salary range: $50,274 to $62,843 per year; may require local and overnight travel for training.

Financial Aid Administrator Full Description

Overview:

Reporting to the Associate Director of Financial Aid, the Financial Aid Administrator is responsible for managing financial aid packages, ensuring adherence to federal, state, and institutional regulations. This role plays a critical part in supporting students and families throughout the financial aid process by providing guidance on available programs, eligibility criteria, and application procedures. The Financial Aid Administrator utilizes various software systems to process aid, determines award eligibility, collaborates with other departments to address student concerns, and stays current with industry updates through professional development.

Responsibilities:

Responsibilities include but are not limited to:

Meets with and counsels students, parents, and others to explain and discuss the details of the financial aid application and awarding processes, the laws and regulations governing the eligibility for and availability of federal, state, institutional and other relevant programs
Utilizes federal, state and internal software to process financial aid
Determines eligibility for federal, state, institutional, and other aid programs in accordance with all applicable laws, regulations, policies, guidelines, and other governing criteria
Formulates, produces and distributes financial aid award notifications and ensures that the financial aid that has been awarded is appropriately disbursed and credited to the students' accounts
Develops and gathers appropriate materials, organizes and helps present student financial aid orientation programs, exit counseling, entrance interviews for students and their parents
Assists other coworkers as needed in any function encompassed in the job description of the FAA
Works with interdepartmental personnel to resolve students' issues
Attends workshops, seminars and webinars for professional development
Utilizes federal and state webinars to keep up to date with the new regulations
Attends conferences and training as approved and required

Qualifications:

Education/Experience

Associate degree required
Baccalaureate degree preferred
Minimum of 1-3 years related and transferable experience required

Knowledge/Skills/Abilities

Strong customer service and organizational skills
Computer literate, experience in the Banner financial aid module a plus
Must be able to multi-task and prioritize work
Self-starter
Proficiency in Microsoft Office Suite including Word, Excel, PowerPoint, & Outlook

Travel

Locally as needed for staff coverage
May be required to travel overnight for training

Maximum Salary: USD $62,843.00/Yr.

Minimum Salary: USD $50,274.00/Yr.

Original Job Description

Overview:

Responsibilities:

Responsibilities include but are not limited to:

Meets with and counsels students, parents, and others to explain and discuss the details of the financial aid application and awarding processes, the laws and regulations governing the eligibility for and availability of federal, state, institutional and other relevant programs
Utilizes federal, state and internal software to process financial aid
Determines eligibility for federal, state, institutional, and other aid programs in accordance with all applicable laws, regulations, policies, guidelines, and other governing criteria
Formulates, produces and distributes financial aid award notifications and ensures that the financial aid that has been awarded is appropriately disbursed and credited to the students' accounts
Develops and gathers appropriate materials, organizes and helps present student financial aid orientation programs, exit counseling, entrance interviews for students and their parents
Assists other coworkers as needed in any function encompassed in the job description of the FAA
Works with interdepartmental personnel to resolve students' issues
Attends workshops, seminars and webinars for professional development
Utilizes federal and state webinars to keep up to date with the new regulations
Attends conferences and training as approved and required

Qualifications:

Education/Experience

Associate degree required
Baccalaureate degree preferred
Minimum of 1-3 years related and transferable experience required

Knowledge/Skills/Abilities

Strong customer service and organizational skills
Computer literate, experience in the Banner financial aid module a plus
Must be able to multi-task and prioritize work
Self-starter
Proficiency in Microsoft Office Suite including Word, Excel, PowerPoint, & Outlook

Travel

Locally as needed for staff coverage
May be required to travel overnight for training

Maximum Salary: USD $62,843.00/Yr.

Minimum Salary: USD $50,274.00/Yr.

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Edtech.com's Summary

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