Report: student debt and low-wage faculty labor are rising faster at state universities with the highest-paid presidents (US)
Key Findings:
Key Findings:
- The student debt crisis is worse at state schools with the highest-paid presidents. The sharpest rise in student debt at the top 25 occurred when executive compensation soared the highest.
- As students went deeper in debt, administrative spending outstripped scholarship spending by more than 2 to 1 at state schools with the highest-paid presidents.
- At state schools with the highest-paid presidents, part-time adjunct faculty increased 22 percent faster than the national average at all universities.
- At state schools with the highest-paid presidents, permanent faculty declined dramatically as a percentage of all faculty. By fall 2009, part-time and contingent faculty at the top 25 outnumbered permanent faculty for the first time.
- Average executive pay at the top 25 rose to nearly $1 million by 2012 — increasing more than twice as fast as the national average at public research universities.