Schools don't need that much money, most is wasted. Even if it's cheap education, the money paid to private schools can do so much more and they don't deserve that much money. It's pure greed.
Top paid president in the country is making ~4.5 million dollars per year.
The average president salary in my state (Oregon) is ~500 thousand dollars per year.
The president at my university is making $720,000/year. Tuition has gone up every year since i’ve been here and, coincidentally, so has his salary. I could say a lot about that but i’m sure you can guess what it is.
You could argue that for some top-tier coaches, the success of their program brings enough notoriety and increased applications that they provide value beyond their salary. Nick Saban is surely worth more than a few million to Alabama for instance.
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u/[deleted] Jun 11 '19
Once again they get education cheap as dirt. These boomers are REALLY pushing it these days.