But hey, you can't get rich as an academician right?
The ranks of the most expensive colleges have grown again: 100 institutions are charging $50,000 or more for tuition, fees, room, and board in 2010-11, according to a Chronicle analysis of data released last week by the College Board. That's well above the 58 universities and colleges that charged that much in 2009-10, and a major jump from the year before, when only five colleges were priced over $50,000.
This year marks a milestone as the first public institution has joined that elite club: the University of California at Berkeley is charging out-of-state residents $50,649 for tuition, fees, room, and board. (The price for in-state residents is only $27,770.)
All of the other 99 colleges charging $50,000 or more are private. They made up 9% of the 1,058 private institutions reporting any amount for tuition, fees, room, and board.
Following up on my previous post, 100 Colleges Charge $50k/Year -- Up from 58 in 2009-10 and 5 in 2008-09: 30 college presidents earned more than $1 million in compensation in 2008 (up from 23 in 2007), topped by Touro President Bernard Lander's $4,786,830 compensation. (Hat Tip: Ann Murphy.)
Maybe that's how the inflation curve for higher education looks like this........