Tags: college | presidents | salary | income | millionaires

58 College Presidents Earn a Million Dollars or More Each Year

58 College Presidents Earn a Million Dollars or More Each Year
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Tuesday, 19 December 2017 04:25 PM Current | Bio | Archive

Fifty-eight college presidents now take home more than a million dollars each year in total compensation. Topping the list is Wake Forest President Nathan Hatch, who earned $4 million in 2015 (the last year for which data is available).

The average total compensation for college presidents was $569,932.

The 58 college presidents in the million dollar club is up from 39 in 2014 and 32 in 2013.

A report on Bloomberg News stated that “total compensation includes base pay, bonus pay, nontaxable benefits (for example, health benefits, life insurance, and dependent care) and other pay (such as severance payments, spending accounts and club dues).”

“As college presidents' compensation has risen, so have tuition and student loan debt.” Bloomberg reports that “in 2004, about $364 billion in student loans was outstanding. That figure has more than tripled to $1.3 trillion.”

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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Fifty-eight college presidents now take home more than a million dollars each year in total compensation.
college, presidents, salary, income, millionaires
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2017-25-19
Tuesday, 19 December 2017 04:25 PM
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