The heads of private schools in New York City are reportedly making more money than come college presidents. Compensation for the heads of some elite private K-12 schools is nearing $1 million, writes The Wall Street Journal. Tuition and fees at the city’s private schools can top $50,000 a year. There is an application process, including interviews, to get in, and climbing walls at the facilities. Pay packages for the top executives include deferred compensation and perks like housing, housekeeping, social club dues and free tuition for heads’ children. The amount they make is far more than the national average, due to the “high cost of living, ambitious fundraising duties, competition for talent, relatively large enrollments and other factors, according to the National Association of Independent Schools,” writes WSJ. This year, the median base salary for heads of the city’s private schools is $493,478 among 44 city schools in a survey by the association. That compares to $275,000 nationwide. At least nine heads of private K-12 schools in New York City earned total yearly packages topping $800,000. According to WSJ, Trinity School head John Allman received total compensation of $1.1 million, including base pay of $780,528, housing, bonus, benefits and deferred compensations, according to 2015 tax forms. Allman made headlines in September when he wrote a letter to parents calling for a deeper school culture of public service over entitlement, to avoid being “just a very, very, very expensive finishing school” for its roughly 1,000 students. In contrast, New York City Schools Chancellor Carmen Fariña has a salary of about $235,000 for overseeing 1.1 million children in public schools. The average salary for principals is about $155,000.
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