Damn the man. The economy is spirally out of control, student loans are hard to come by and financial aid is struggling, but college presidents are enjoying a nice little raise.
 

A survey by the Chronicle of Higher Education found that public schools raised their president’s pay by an average of 7.6 percent last year, bringing the median salary to $427,400.
 

In particular, President Gee of Ohio State is doing pretty well for himself. Last year, he led the presidential paycheck pack with $1.35 million. His compensation includes the use of a house and a car, plus he rakes in an additional $600,000 in cash and stock from sitting on four corporate boards. This also comes on the heels of Gee being ranked second on the list of highest-paid private school president, after making $2.07 million as the head honcho of Vanderbilt in 2007.
 

Private school presidential salaries were also on the rise, up 3.8 percent when adjusted for inflation. With that, about a dozen presidents were paid more than $1 million in the 2006-2007 school year. David Sargent of Suffolk University made the top of the list with a $2.8 million salary. Suffolk University? Really???
 

Schools claim these pay raises all came before the economy plunged, but it doesn’t make the blow any easier. Presidents are living the high life (aka the rich life) while students scrape by on Easy Mac and dollar beer nights. Life’s just not fair.