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With College President Pay Increases, Higher Student Loan Debts Follow
image by flickr user Sal Falko, cc license Today, the New York Times published the topline results of a report by the Institute for Policy Studies. The report, The One Percent at State U: How University Presidents Profit from Rising Student Debt and Low-Wage Faculty Labor, details how public universities that pay a top-25 salary for their president have experienced a faster increase in student debt levels than other public universities.
Initial salary expectations for Class of 2014
screenshot of figure from 2014 National Association of Colleges and Employers Salary Survey The 2014 National Association of Colleges and Employers Salary Survey bears good news and bad news. The good news? Median starting salaries are up almost universally across the board, with the exception of a slight decrease for business majors. The bad news? While salaries jumped up about 1.2%, they were expected to increase by nearly 5%. As the report indicates, it's quite possible that salaries are leveling off again.
The Path to Influence
Last week, in this column, I wrote about the upcoming “road to reauthorization” for the Higher Education Act, certain provisions of which are already being considered in the U.S. House Education and the Workforce Committee, chaired by Rep. John Boehner of Ohio.