Here’s one of the most valuable lessons your kids may learn when they go to college: If you want to a make a lot of money, become a university president.
Last year was a good year for college presidents in our area. A very good year, for that matter. Many of them received double-digit raises, according to the Washington Examiner.
Why the huge increases? Much of it has to do with longevity. Compensation includes deferred pay and benefits. Other local university presidents received raises, although theirs were much smaller percentages.