It's a good time to be the president of a private university.
Since 2017, the average pay for a private university president in the United States has increased by 10.5 percent, The Chronicle of Higher Education reports. The Chronicle's annual survey found that 64 presidents earn more than $1 million a year, with three bringing in more than $5 million. The presidents at more than 500 schools averaged $608,000 in compensation, which includes salary, benefits, bonuses, and extra perks, and their average pay grew by 4 percent in 2016 and 9 percent in 2015. This is all happening as tuition and fees continue to rise for students.
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