June 8th, 2015
Even with college costs and student debt in the national spotlight, the pay packages — and especially the benefits — of public university presidents continue to grow. The median salary for public university presidents was $428,250 in the 2014 fiscal year, up about 7 percent from the previous year, according to an annual survey by The Chronicle of Higher Education.
The survey included data on 238 chief executives at 220 public universities and systems in the United States.
Two presidents earned more than $1 million: Rodney A. Erickson of Pennsylvania State University, at $1.49 million, and R. Bowen Loftin of Texas A & M, who stepped down during the year, at $1.12 million. Joseph A. Alutto of Ohio State, an interim president whose term ended last year, was third, at $996,000.
But it is not only the money that is substantial.