Supply and Demand

Jerilynn sweet
Have you ever wondered what your tuition dollars to Mount Saint Mary are
used for? This past week The Chronicle of Higher Education released a
survey showing the salaries for college presidents and administrators
which also stated that presidents of private and catholic schools are
ranked among the top salary earners. The salaries ranged anywhere from
approximately $200,000 to over $1 million dollars based on the nine month
school year. Why so much you ask? Well Raymond D. Cotton, a lawyer who
specializes in presidential contracts stated "Presidential compensation
has been shooting up because of a disparity between supply and demand in
the marketplace, there continues to be a greater demand for people who
can do these jobs well than there is a supply." Now think about how much tuition is and how many administrators there are on campus and you know where a good portion of that money goes.