College president donates $100 k pay raise so students can buy books

<p>Wonderful gesture by this president, but I'm baffled that any college president could get a $100 k pay raise in this economy.</p>

<p>"The president of Brevard Community College donated his more than $100,000 raise so students can get help buying textbooks, school officials announced Tuesday.</p>

<p>School president James A. Drake's gift will provide 248 scholarships of $300 each to full-time students who show a financial need, according to a press statement. This will amount to between 60 and 85 percent of textbook costs next semester...."</p>

<p>Orlando</a> Sentinel - Brevard Community College president donates raise to students in need by</p>

<p>It is an appropriate gesture and I'm with you in wondering how any college president could get such a huge raise in this economy. I work in government finance, so I understand that salary increase can sometime be a long time coming and represent a back up and need to compete with other institutions, but still!</p>

<p>Wow, I'm mildly suprised that the head of community college (not a university) even makes a hundred grand, let alone that one gets a six-figure <em>raise</em> to an exisiting salary. I thought that educators were supposed to making rather modest salaries. That's what we are always told.</p>

<p>Given the responsibilities of a community college head, I would expect such a person to make a six figure salary. I just wouldn't expect them to get a six figure pay raise.</p>

<p>"From 2004 to 2006, the average salary for community college presidents increased by 18.6 percent, or 11 percent when adjusted for inflation, according to a new brief from the American Association of Community Colleges (AACC).</p>

<p>However, the average salary increase reported between 2005 and 2006 was about 6 percent, the brief noted....</p>

<p>Salaries highly correspond with the type of college, the report noted. CEOs of district offices within multi-college districts had the highest salaries, and presidents of separately accredited two-year campuses of universities had the lowest, the brief noted.</p>

<p>The average base salary among survey participants was $153,684. Depending on the type of college, average base salaries of CEOs ranged from $123,889 to $213,879..."
Community</a> College Times</p>

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<p>A lot of community colleges have LOTS more kids attending than colleges. Our local CC has over 30,000 kids attending. That means a lot of responsibilities.</p>

<p>His salary went from $190K to 290K. Wow...nice salary, hefty raise.</p>

<p>Am wondering if this person was close to retirement... thus the larger raises toward the end of one's career.</p>

<p>But yea, a six-figure raise is huge.</p>

<p>The contribution of the raise is laudable and also wise, given the likely perception of such an increase in this economy.</p>

<p>The reason for such large pay packages before retirement is that many pension systems (public sector ones) provide for a retirement based on final/highest salary, or an average of the final three years.</p>

<p>findaplace - that's what I was referring to, and suspect that was a large part of the huge increase. We've seen some superintendents get rather substantial raises toward the end of their career around here.</p>

<p>
[quote]
I thought that educators were supposed to making rather modest salaries. That's what we are always told.

[/quote]
</p>

<p>Most do make little money in the big picture... Administrators are different..</p>

<p>Dear College Presidents:</p>

<p>If you make over $250,000, plesae consider donating the difference from your actual salary and $250,000 to your students who are in desperate need for money for loans and books... and food.</p>

<p>The Poor Students.</p>

<p>that is a huge raise- but principals often get over 6 figures so I wouldn't be surprised for a CC president to do so.</p>

<p>Our local school superintendent gets $240,000 ( not including $20,000 per year for retirement fund & $700 a month for a car) salary for heading a district that has a deficit that has ballooned to $37 million.
:p</p>

<p>But generally yes- educators don't make a * lot of money*, when you compare them to the administrators in the district.</p>

<p>As a community college president who want to help students to buy textbook, he would have a greater impact if he</p>

<p>set guideline that textbook cost for a class should not be more than a certain multiple of the cost of tuition of that class,</p>

<p>textbook list should be published at least 3 weeks before the course starts, so that students have a chance to find the cheapest way to get the books.</p>

<p>
[quote]
Drake's gift will provide 248 scholarships of $300 each

[/quote]
</p>

<p>So its really $74,400 after taxes.</p>