Wondering where your money is actually going when you cut a check to pay off your college tuition?
At least some of that money is padding the wallet of the university president.
A new survey released Monday by the Chronicle of Higher Education shows that salaries for public university presidents increased more than 7 percent last year, and has gone up more than 35 percent since 2003.
Some private university presidents across the country make more than $1 million.
So how about some of the local universities?
University of Virginia President John T. Casteen III was the third-highest public university president, taking in nearly $800,000, the Washington Post reported.
Virginia Tech President Charles Steger was paid nearly $720,000. University of Maryland President C.D. Mote Jr. was paid $463,213.
At local private colleges, George Washington University's former president Stephen Trachtenberg was paid nearly $800,000 in 2006, while outgoing Johns Hopkins University President William Brody earned $1.06 million the same year.
