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Private college presidents saw 4% raise in 2016

Private college presidents saw 4% raise in 2016
Posted at 6:25 AM, Dec 10, 2018
and last updated 2018-12-10 06:27:47-05

A new study finds that the presidents of America's private colleges saw their pay increase by nearly 4 percent in 2016.

The Chronicle of Higher Education's annual survey of 500 schools found that the average chief made about $560,000, including salary, bonuses and benefits.

A total of 61 college presidents made more than $1 million, up from 58 the previous year.

Topping the list is former Baylor University President Ken Starr, who left in 2016 amid a scandal over the school's handling of sexual assault accusations against football players.

Starr was paid nearly $5 million in 2016, mostly from a severance agreement he negotiated with the school.

Behind Starr was Columbia University President Lee Bollinger, who received nearly $4 million, and University of Pennsylvania President Amy Gutmann, with $3.2 million.

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