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| in the study — meaning that the state of student debt is likely much worse than we know.The debt figures add weight to the push to curb skyrocketing student debt. A week ago, President Obama released details of a plan to help ease the burden of student loan debt, which is on track to top $1 trillion this year. One of the highlights of the new “Pay As You Can” plan will let an estimated 1.6 million students cap their monthly federal loan payments at 10% of their income beginning next year, moving up the 2014 start date for the income-based repayment program that Congress passed last year.(GALLERY: The 20 Colleges With the Most (and Least) Student Debt)Obama’s plan has some new debt consolidation options and will also forgive any remaining federal student loan debt after 20 years, five years sooner than under current law. Unfortunately, none of these provisions will help students struggling to pay back private loans.Here are some other findings from the report:The average debt load ranged from $950 to $55,250, and the proportion of students who graduated with loans ranged from 2% to 100%98 colleges reported that their 2010 graduates owed an average of more than $35,00073 colleges reported that more than 90% of their graduates left with debtThe states with the highest average debt are all in the Northeast and Midwest, while states with the lowest debt are concentrated in the WestNew Hampshire had the highest average debt at $31,048,http://www.ocosound.com/, followed by Maine with $29,983Utah had the lowest average debt at $15,509,[url=http://www.ocosound.com/]Christian Louboutin Sale[/url], followed by Hawaii with $15,550College Presidents’ Pay Climbs as State Funding ShrinksJason Minick / APFormer Penn State president Graham Spanier enters Harrisburg District Court in Harrisburg,[url=http://www.ocosound.com/]Cheap Christian Louboutin Shoes[/url], Pa., on Nov. 7, 2012EmailPrintShareFacebookTwitterTumblrLinkedInStumbleUponRedditDiggMixxDeliciousGoogle+Comment Follow @timenewsfeedState and local funding for public universities fell by 7% last year, but that didn’t prevent some college presidents from getting raises. In 2011–12, the median total compensation for chief executives at public colleges was $441,392 — a 4.7% increase from the 2010–11 school year, according to The Chronicle of Higher Education’s annual report on executive pay.(MORE: Former Penn State President Says He Was Abuse Victim in Letter)At the top of the list is Graham Spanier, the former president of Pennsylvania State University, who was forced to resign in the wake of the Jerry Sandusky sex-abuse scandal. In 2011–12, Spanier brought in a total of $2.9 million, which included $1.2 million in severance pay. He was followed by Jay Gogue of Auburn University, who received $2,542,865, and Gordon Gee, president of Ohio State University, whose $1,899,420 compensation included a base salary of $830,439 — the most of any president. In 2007–08, Gee famously became the first college president who earned more than $1 million per year. Nothing to scoff at, though many of the presidents on the list don’t make as much as the football and men’s basketball coaches at their schools.The full report, available here, includes salary information on 212 presidents. Here are the top 10 earners, in terms of total compensation:1. Graham B. Spanier*, Pennsylvania State University (Pennsylvania), $2,906,2712. Jay Gogue, Auburn University (Alabama), $2,542,8653. E. Gordon Gee, Ohio State University main campus (Ohio), $1,899,4204. Alan G. Merten*, George Mason University (Virginia), $1,869,3695. Jo Ann M. Gora, Ball State University (Indiana), $984,6476. Mary Sue Coleman, University of Michigan system (Michigan), $918,7837. Charles W. Steger, Virginia Tech (Virginia), $857,7498. Mark G. Yudof, University of California system (California), $847,[url=http://www.ocosound.com/]Christian Louboutin Discount[/url],1499. Bernard J. Machen, University of Florida (Florida), $834,56210. Francisco G. Cigarroa, University of Texas system (Texas), $815,833*No longer presidentMORE: We’re Doing a Lousy Job of Getting Poor Kids Into CollegeCollege Sports: Conference CrazinessNebraska football head coach Bo PeliniJames D. Smith/Icon SMI/CorbisEmailPrintShareFacebookTwitt |
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