The College Fix

The self-styled progressive leaders of our nation’s “non-profit” colleges and universities are making immense profits themselves.

Kate Trinko has the skinny over at National Review Online:

If the Occupy movement had been smart, the 1 percent they targeted would have been in the ivory tower, not on Wall Street.

According to an analysis by the Chronicle of Higher Education, in the 2011 fiscal year, 132 presidents of public colleges and universities made $344,000 or more — the income level that marks the divide between the bottom 99 percent and the top 1 percent. Private-college presidents raked in even more: 208 made $344,000 or more in 2010, with 36 of those making $1 million or more.

It’s no surprise that college presidents are receiving top dollar: More and more, a year’s college tuition is exceeding the annual salary that a student can expect to make in the first few years after graduation. (And that assumes the student can even snag a job requiring a college degree in this dismal economy.)

At New York City’s New School, for instance, then-president (and now failed Nebraska Senate candidate) Bob Kerrey made $3 million in 2010. Students entering the college this fall will pay a steep $38,000 in tuition. (And that’s before room and board.) It’s the same story at other colleges. At Washington University of St. Louis, where the tuition is now $44,000, chancellor Mark Stephen Wrighton made around $2.3 million. At Vanderbilt University (tuition: $42,000), chancellor Nicholas Zeppos made $2.2 million, while at Columbia University (tuition: $47,000), president Lee Bollinger made $1.9 million.

These kinds of salaries wouldn’t be quite so disagreeable if colleges in general were doing a better job of actually educating students rather than spending all their time indoctrinating students into a host of liberal dogmas.

Read the full story at National Review Online.

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