University presidents earn salaries that dwarf the pay of adjuncts. However, an interesting trend emerges when examining the salaries paid the ten highest earning university presidents, and the average per course stipends paid to adjuncts at their institutions. Generally, the less a president earns, the higher the average per course stipend paid to the college's adjuncts.

In fiscal year 2000, George Roche III, president of Hillsdale College, in Michigan, earned the most among private college and university presidents at $1.2 million in salary and benefits. Adjuncts at the college earn $1,000 per credit hour or $3,000 per course in most cases. Adjuncts who teach a full load or nearly a full load can earn a salary at the provost's discretion.

The second highest-paid president of a private college or university was Richard Rubenstein of the University of Bridgeport, in Connecticut, who earned $832,492 in 2000. The college's adjuncts earn an average of $2,700 per course, says one professor on condition of anonymity.

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