Photo: BK Angeletti, B.K. Angeletti
In 2011 (the most recent year for which figures are available) the top 10 compensation packages for private college presidents ranged from $3.36 million to $1.65 million. - educationdive.com
Photo: BK Angeletti, B.K. Angeletti
See which presidents made the most money.
10. Yale University (New Haven, CT): Richard C. Levin
Photo: Jessica Hill, Associated Press
Total Compensation in 2011: $1,652,543
FILE - In this May 21, 2012 file photo, Yale University president Richard Levin, right, leads a procession during Yale's commencement exercises in New Haven, Conn. Levin, 65, announced Thursday, Aug. 30, 2012, that he will step down at the end of the academic year after 20 years at the Ivy League school. (AP Photo/Jessica Hill, File)
9. Rensselaer Polytechnic Institute (Troy, NY): Shirley Jackson
Photo: Michael Hart
Total Compensation in 2011: $1,752,642
8. Chatham University (Pittsburgh, PA): Esther L. Barazzone
Total Compensation in 2011: $1,812,132
7. Florida Institute of Technology (Melbourne, FL): Anthony J. Catanese
Photo: Florida Institute Of Technology
Total Compensation in 2011: $1,884,008
6. University of Pennsylvania (Philadelphia, PA): Amy Gutmann
Photo: Rob Carr, Getty Images
Total Compensation in 2011: $2,091,764
5. Tufts University (Medford, MA): Lawrence S. Bacow
Photo: JOSH REYNOLDS, Associated Press
Total Compensation in 2011: $2,223,752
Former President Bill Clinton speaks at Tufts University in Medford, Mass., Sunday, Nov. 6, 2011. (AP Photo/Josh Reynolds)
4. Columbia University (New York City, NY): Lee C. Bollinger
Total Compensation in 2011: $2,327,344
3. Marist College (Poughkeepsie, NY): Dennis J. Murray
Photo: Marist College
Total Compensation in 2011: $2,688,148
2. Northeastern University (Boston, MA): Joseph E. Aoun
Photo: Flickr Creative Commons
Total Compensation in 2011: $3,121,864
1. University of Chicago (Chicago, Il): Robert J. Zimmer
Photo: Scott Olson, Staff
Total Compensation in 2011: $3,358,723
CHICAGO, IL - OCTOBER 14: University of Chicago professor Eugene Fama addresses colllegues, students and media at the university after learning he had won the Nobel Prize in Economic Sciences on October 14, 2013 in Chicago, Illinois. (Photo by Scott Olson/Getty Images)
According to Education Dive, "Inequality.org predicts that income inequality could move onto the 'public policy center stage' in 2014, referencing proposals in Switzerland, Germany, France, Spain, and the U.S. to tie chief executives' compensation to that of their workers, usually via ratios."
Income inequality is often discussed as a gender issue, but as students struggle with loan debt, it's becoming a hot topic in the conversation about education.
The Chronicle of Higher Education compiled figures for private college presidents' compensation packages in 2011 - the most recent year available. The top 10 packages ranged from $3.36 million to $1.65 million. The top 10 includes three Ivy League Universities and three female presidents.
Eight of the top 10 schools are in the Northeast. The exceptions are the University of Chicago, which comes in at #1, and Florida Institute of Technology at #7.
Expanding to the top 20 still shows an overwhelming majority of schools in the Northeast. The only other schools in different parts of the country are University of Southern California (#13), Northwestern University in Illinois (#16), Wake Forrest University in North Carolina (#19) and Kenyon College in Ohio (#20).
To get the data, The Chronicle of Higher Education compared the compensation received by 550 chief executives at 500 private nonprofit colleges during the 2011 calendar year. According to the Chronicle, numbers were compiled from the Internal Revenue Service’s Form 990, which is filed by most nonprofit entities.
"For our analysis, we selected the private nonprofit baccalaureate, master’s, and doctoral institutions with the 500 largest endowments, as reported to the U.S Department of Education’s Integrated Postsecondary Education Data System, or Ipeds. Some nonprofit universities don’t report the value of their endowments to Ipeds, and those were excluded from our analysis." - Chronicle of Higher Education