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College Presidents Making $1 Million Rise With Tuition and Student Debt

Rich compensation in academia has long drawn skepticism, or scorn, apparent most recently in the tax legislation.
Wake Forest University's Wait Chapel

Photographer: Davis Turner/Getty Images

A seven-figure salary to run a nonprofit college? You know what they say: Pro Humanitate. 

That's the motto of Wake Forest University, where President Nathan Hatch came in first in the Chronicle of Higher Education’s new ranking of compensation for heads of U.S. colleges. In 2015, the latest year for which data are available, he earned $4 million.