How Much Does Your College President Make?

Cliché: Business is business.    
POCS Reality: Colleges are in the education business.


36 presidents of private colleges earned more than $1 million in 2009 according to a study by The Chronicle of Higher Education. That’s 3 more than the prior year.

The New York Times put this into perspective:

 “While the typical president earned 3.7 times as much as the average pay and benefits of a full professor at the same institution, the study found great variations. Kevin J. Manning at Stevenson University in Maryland earned $1,491,655 — 16.1 times as much as the pay and benefits of the average full professor there.”

 Here’s a list of the colleges with the highest presidential earners:

  1. Drexel University,PA
  2. Johns Hopkins University,MD
  3. University of the Pacific, CA
  4. Northwestern University, IL
  5. Vanderbilt University,TN
  6. Mountain State University,WV
  7. Rensselaer Polytechnic Institute, NY
  8. Swarthmore College,PA
  9. Yale University,CT
  10. Chapman University,CA

College presidents aren’t the only well-paid employees. College coaches can earn huge bonuses if their team does well. The News and gives this example:

 “For example, LSU’s Les Miles already has secured an extra $100,000 for getting his Tigers into the SEC title game against Georgia and will receive another 100K for a win over the Bulldogs and 200K should the No. 1 ranked team in the country play in the national championship game on Jan. 9.

 A victory in that contest, however, would earn Miles a real payday. As reported by USA Today, the LSU coach would receive a pay increase that would make him the highest paid head coach in the SEC by a minimum of $1,000. An increase, that if calculated correctly, would involve between 400K and $1 million annually.”

 Read the study and the full articles for more details and charts and to find where your college fits on the list.

POCSmom’s College Prep DIY Insight: Education is a business and students are the consumers/clients. In this age of increasing costs and decreasing financial aid, it’s very important to understand a college’s priorities and how it spends its resources.


10 Things High School Students Can Do Over Holiday Break

Cliché: Turn a profit.    
POCS Reality: High school students can make their holiday break profitable.


Sure your college-bound high school student needs to relax, regenerate, and refresh before starting another semester but how many hours does it take before boredom sets in?

Why not put some of that precious free time to good use and start something special?

Working Opportunities:

1. Earn some money College is expensive so a little extra cash is a good thing. Job search at local businesses, contact your local Chamber of Commerce, ask former employers, look online, go to your high school guidance office, and ask family and friends to help you. Or start your own business.

 2. Add experience Some work is more valuable than the money earned, if it is related to a field you’re thinking of studying. Consider an internship, even if unpaid, for the work experience.

 3. Volunteer Community service benefits those you serve and yourself. Try for a position related to your interests. For example, if you are interested in the medical profession, volunteer at a local hospital; interested in teaching, contact a local school, library, or child care provider. Many national charities have local offices.

 4. Complete a special project Now is a great time to do what you put off but always wanted to do. Maybe you have an unfinished project. Perhaps you’ve been yearning to work on your hobby or pursue a special activity. Create a schedule, plan your time wisely, and accomplish your dream.

5. Network Join a professional group and start networking. Find a local chapter for junior members and attend meetings. Business cards are easy to print yourself, go online or watch for special offers from local office supply stores for free or low cost options. Include your name and contact information. You can add a personalized description related to your group such as Magician for a Magic Society, or Editor of School Newspaper for a writer’s association. Dress and act professionally, hand out your cards to adult members, and get known.

 6-10 Learning Opportunities:

 Visit my colleague Suzanne Shaffer (Parents Countdown to College Coach) for 5 more Things High School Students Can Do Over Holiday Break.

 Suzanne is a college prep expert and online college-bound “coach” helping parents navigate the college maze with the proper tools/resources including a FREE parent tips newsletter

 POCSmom’s College Prep DIY Insight: Add your work experiences and accomplishments to your resume including memberships in professional organizations. Before you go back to high school, get contact information for future references. Send to colleges you applied to your updated resume. Use your free time wisely and make your holiday break profitable and helpful.

5 Things You Should Know Before Accepting Federal Work-Study

Cliché: Work for a living.    
POCS Reality: Eligible students can earn their financial aid through the Federal Work-Study program.


5 Things You Should Know Before Accepting Federal Work-Study is a post I wrote for the Student Advisor Blog.

Read the whole post for details but here are the 5 key points about the Federal Work-Study (FWS) program:

  1. FWS award is a job on or off campus, usually for Federal minimum wage.
  2. After accepting the FWS award, students apply for a particular FWS job which may or may not be in their field of study and which may require an interview.
  3. FWS recipients receive a paycheck as they work and do not get the total award money up front to reduce the college bill.
  4. FWS earned money is taxable, although students are not penalized for FWS money earned on their next year’s FAFSA.
  5. FWS job ends when award amount is met. Any unearned money cannot be rolled over into next year’s award.

 POCSmom’s College Prep DIY Insight: If you’re a full-time student, the FWS financial aid award is a part-time job. Before accepting FWS, make sure you can balance your studies with time spent working. The best jobs are the most valuable way to spend some of your free time because they:

    • give you experience in your field of study
    • provide networking opportunities in your field of study
    • pay more than another opportunity

 When considering your schedule, plan for downtime and extra-curricular fun. You can pass on Federal Work-Study for one semester, adjust to campus life, and accept it the next.