College economics 101: Presidents' pay rises 5.3 percent

Working at a public college can be lucrative -- for those at the top. 

Presidents of U.S. public colleges and universities saw their earnings climb by 5.3 percent last year, with several of them topping $1 million, according to an annual survey. The Chronicle of Higher Education's study of more than 150 college presidents found that their average annual pay increased in fiscal year 2016 to $501,000. READ MORE

See the results of IOWA FACULTY SALARIES.