Liberal college administrators must surely look with favor on all the Democrats proposing to pay off everyone’s student loans with tax money. After all, college is so expensive, only a lot of federal money can cover the cost, right? On the other hand, many argue that all that federal money is one of the major reasons why college is so expensive. Just as work expands to fill the allotted time, college costs expand to fill the amount of grant money available.
When parents fork over more money for a single year of college than they spent on their first house, what are they paying for, aside from filling their kids’ heads with socialism, hatred of America and intolerance for free speech? Well, they’re paying for a lot of overhead in the form of highly-paid (correction: “over-paid”) college administrators.
How over-paid? A new study in the Chronicle of Higher Education found that 179 public university presidents are paid as much or more than the $400,000 annual salary of the President of the United States. Forty make more than twice that, 17 make over a million bucks a year, and the president of the University of Texas System makes over $2.5 million a year.
You’d expect high salaries at private schools, and they are even higher than these. But these are public universities. And these are just the salaries for the college presidents. It doesn’t even get into all the campus diversity administrators and other overpaid bureaucrats who teach your kids nothing other than the wastefulness and uselessness of bureaucrats -- which, come to think of it, might be the most valuable thing they learn in college.
Incidentally, I should also point out that every college president in America, and I’m sure, every college administrator and professor as well, actually makes far more than the current President. That's because while they’re on campus, railing about what a horrible, greedy monster he is, he’s donating his entire salary back to the government.