HIGH POINT, N.C. (AP) – A new survey finds the head of a small North Carolina university is among the country’s best-paid private college presidents.
The Chronicle of Higher Education reported Sunday that High Point University President Nido Qubein (KWAH’-bane) was the third highest-paid president in 2013 receiving $2.9 million in total compensation.
He trailed only Columbia’s Lee Bollinger who made $4.6 million and the University of Pennsylvania’s Amy Gutmann who made $3 million. The publication surveyed 500 institutions.
The median compensation for private college presidents was about $440,000. The publication said it took the information from Internal Revenue Service reports that nonprofits must annually. Total compensation includes base pay, bonuses and nontaxable benefits.
High Point University has about 4400 undergraduate students, about triple the enrollment of a decade ago.
(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)