College Students Are Paying More and Getting Less
Each spring, as college graduates collect their diplomas and their first student loan payment slips, the Chronicle of Higher Education publishes its list of public university presidents collecting the biggest paychecks. Median salaries were up 5 percent for the 2013 fiscal year. Nine presidents took home more than $1 million.
Why should students and faculty — and everyone who cares about them — pay close attention to the upward spiral of such salaries? Because according to our research, these highest-paid presidents are more likely to preside over public universities where student debt is growing fastest and the number of full-time faculty is shrinking.
In our analysis, published by the Institute for Policy Studies, we asked a simple question: How are the highest-paid presidents doing when it comes to addressing the crises of rising student debt and part-time, or temporary, faculty labor?