UCF's Hitt among best-paid public university presidents
UCF President John C. Hitt is one of the 25 highest-paid public university presidents in the nation, according to The Chronicle of Higher Education's annual survey of executive compensation.
Hitt's 2014 salary of $631,898 ranked 23rd among public university presidents, which includes a baseline pay amount of $491,000, a bonus worth $117,898 and deferred compensation worth $23,000.
However, Hitt's total compensation pales in comparison with the highest-paid president on the list. Rodney A. Erickson of Pennsylvania State University at University Park rakes in nearly $1.5 million, nearly 80 times his students' tuition.
His salary is roughly 100 times the average UCF student's tuition of $6,317 per year. Compared with the rest of the country, Hitt's pay-to-tuition ratio at UCF comes in as the second highest, trailing only USF President Judy L. Genshaft. Genshaft, the 12th-highest paid public university president, makes 112.27 times the cost of yearly tuition at USF.
While those numbers may seem high, they're due to the low tuition prices at Florida's public universities, which are among the lowest in the nation.
In the report, Hitt also ranked as one of the longest-tenured presidents. Starting at UCF in 1992, Hitt is third behind John Fitzsimmons of Maine Community College and Diana S. Natalicio of University of Texas at El Paso.
In March, the UCF Board of Trustees extended his contract through 2017.
See the full report at The Chronicle for Higher Education.
Brian Goins is a Digital Producer for the Central Florida Future. Follow him on Twitter at @byBrianGoins or email him at BrianG@CentralFloridaFuture.com