Kerrey Claims He Has the “Experience” To Lower College Tuition Rates, Yet Under His Watch Tuition At The New School Skyrocketed By 60 Percent
During a recent television interview, liberal Democrat Bob Kerrey tried to turn his experience running one of America’s most radical universities for the last dozen years into a strength, saying:
“There is a substantial amount that can be done from my experience running a university to lower the cost of higher education, as well.”
Since Kerrey has been associated with the left-wing school in New York City, tuition skyrocketed by 60 percent. Meanwhile, Kerrey’s salary went up by an eye-popping 254%, not to mention the $3 million golden parachute he received when he left the University.
As KOLN-TV Lincoln reports:
“People in New York and San Francisco may consider a 60% tuition hike a good deal, but to those who live in the real world they call it unaffordable,” said National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox. “Deb Fischer is committed to ensuring college is affordable for all families – not just those who live on the coasts – and that precious resources are spent on our children, not multi-million dollar golden parachutes, seven figure salaries and Greenwich Village brownstones for school administrators.”
BACKGROUND …
Tuition At The New School Has Increased Nearly 60 Percent Since 2003-2004
- In 2003-2004, Tuition For The Eugene Lang College For Liberal Arts Was $11,810 Per Term. (The New School Website, www.newschool.edu, Accessed 6/6/12)
- In 2012-2013, Tuition For The Eugene Lang College For Liberal Arts Was $18,855 Per Term. (The New School Website, www.newschool.edu, Accessed 6/6/12)
Kerrey’s New School Salary Rose 254% In Less Than 10 Years
In 2009, Kerrey Was Paid $1.32 Million By The New School, Including $626,164 In Base Pay, $61,648 In “Other Compensation.” $165,004 In Deferred Compensation, And $466,721 In “Nontaxable Benefits.” (The New School, Form 990, 2009)
In 2001, Kerrey Was Paid $372,660 By The New School, Including $340,000 In Base Pay, $17,000 In Benefits, And $15,660 In Expense Account And Other Allowances. (New School University, Form 990, 2001)
Bob Kerrey, who stepped down from his position as head of the New School in December 2010 but was named president emeritus soon after, received more than $3 million in compensation during that period, according to the school’s 990 tax forms, which were reviewed by POLITICO. (Magie Haberman, Kerrey’s New School compensation for FY 2011: $3 million, Politico, 05/21/12)
