Financial Aid Counselor salary in Iceland

Average Yearly Salary of Financial Aid Counselor in Iceland is approximately 7,688,207 ISK (53,768 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Financial Aid Counselor do?

A financial aid counselor is a professional who assists students and their families in navigating the complex world of financial aid for education. Their primary role involves providing guidance and support to students in understanding the various financial aid options available to them, such as scholarships, grants, loans, and work-study programs. They help students complete financial aid applications, analyze their eligibility for different forms of aid, and provide information on deadlines and requirements. Financial aid counselors also play a crucial role in advising students on budgeting and managing their finances during their academic journey. They may conduct workshops and individual counseling sessions to educate students on financial literacy and debt management. Additionally, they collaborate with other departments within educational institutions to ensure accurate and timely disbursement of funds to eligible students.

Skills: Financial Aid, Education, Student Support, Financial Literacy, Higher Education, Scholarships
Job industry: Finance

How much does Financial Aid Counselor make?

Difference in salary year over year or average salary increase is approximately 3 %


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Salary comparison to National average

Is Financial Aid Counselor a well paid job?

Yes, our data show that Financial Aid Counselor is an averagely well paid job that still allows for some yearly savings. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Financial Aid Counselor?

High salary for Financial Aid Counselor would be somewhere between 8,457,028 ISK and 11,147,900 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Financial Aid Counselor in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 7,688,207 ISK
Estimated Monthly Salary: 640,684 ISK
Estimated Weekly Salary: 147,850 ISK per week
Estimated Hourly Salary: 3,696 ISK per hour
By working as Financial Aid Counselor a person can save up to 1,752 USD per month or 21,022 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Financial Aid Counselor

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

Top 10 highest salaries in Iceland

Data as of 2025

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