In these challenging times during the U.S. recession, college presidents know they should be ashamed of themselves for carrying anything near a seven figure salary.
Although, on an ordinary day we might be patting our sister, Shirley Ann Jackson, president of Rensselaer Polytechnic Institute, for topping the charts of college compensation last year at a whopping $1,598,247.
According to College Board, the average college costs for the 2009-2010 school year range from public four-year college education at $7,020 to a private four-year college at $26,273 both up 6.5 and 4.4 percent from last year, respectively.
Poor President Obama (literally), who only has the whole world on his shoulders, makes a mere $400,000 per year, along with other perks like $50,000 expense account, $100,000 non-taxable travel account and $19,000 for entertainment, according to Wikipedia.
If that’s his “benefit” package, imagine what the college presidents are working with.
Should they take a cut in pay to help make the U.S. tuition more affordable? Or do they really earn every digit in their annual salary? Let us know. Read here for more of the latest info on college president salaries.