This past May, the Institute for Policy Studies (IPS), a progressive think tank based in Washington D.C., released The One Percent at State U study. It examines rising debt for university students, part-time adjunct faculty hires, university administration spending and presidential salaries. The study focuses on the top 25 universities with the highest presidential pay, and unfortunately, the University of Washington made the cut.
Key Findings from the study:
- The student debt crisis is worse at schools with the highest-paid presidents. The sharpest rise in student debt at the top 25 occurred when executive compensation soared the highest.
- As students went deeper in debt, administrative spending outstripped scholarship spending by more than 2 to 1 at state schools with the highest-paid presidents.
- At state schools with the highest-paid presidents, part-time adjunct faculty increased 22 percent faster than the national average at all universities.
- At state schools with the highest-paid presidents, permanent faculty declined dramatically as a percentage of all faculty.
- Average executive pay at the top 25 rose to nearly $1 million by 2012—increasing more than twice as fast as the national average at public research universities.
Read the original IPS report or check out the infographic below!.