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Three Boston area college presidents get more than $1M in pay

How much does your college president make?

Considering how much it costs to attend college now, it shouldn't be surprising that three Boston area college presidents were paid more than $1 million and that other school heads came close to that mark.

The Chronicle of Higher Education released today its annual compilation of executive compensation at private colleges. The data is for the year 2010, the most recent tax year available.

The compensation packages for the presidents of Boston University (Robert Brown, $1.14 million), Northeastern University (Joseph Aoun, $1.06 million) and the Massachusetts Institute of Technology (Susan Hockfield, $1 million) topped the list for Massachusetts schools.

Harvard President Drew Faust was fourth on the Massachusetts private colleges list with a compensation package of $875,331.

J. Robert Kerrey, the president of The New School in New York, made more than $3 million and was the highest compensated president on the list.

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