America’s Poorest Colleges Get Poorer

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By Douglas A. McIntyre Published
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The Chronicle of Higher Education put out its annual salary survey for 2011/2012. Most of the headlines about the study centered on full professor pay at Harvard, which averaged $198,400. Professors at nine universities made more than $175,000 on average last year. The other end of the list of 1,251 colleges also is worth a look. It says as much about the state of higher education in the United States as the Harvard numbers do.

At the bottom of the list were a handful of the top teachers who made less than $50,000 — and in some case much less. That is hardly enough to draw quality faculty, at least as it is measured by better schools. But colleges like Brevard, Kentucky Christian, Union College (in Kentucky), Tennessee Weslyan, Lakawanna, St. Andrews University and Lees-Mcrae cannot do any better. Most of these are in areas with extremely high poverty rates and extremely low median incomes. The unemployment rates and health care systems are poor in nearly all of the areas were these colleges are located as well.

Brevard’s campus is in the Southern Appalachian mountains of North Carolina. Lees-Mcrae is in the Blue Ridge Mountains of western North Carolina. Lakawanna, Kentucky Christian and Union College are based in some of the poorest regions of Kentucky. Although the Chronicle of Higher Education does not report it, most of the students of these colleges are from the economically troubled areas around them, almost certainly.

Education quality joins the nearly insurmountable list of regional problems that the federal government cannot overcome, at least as Congress drives toward more austerity programs. The problem is acute in the public schools. Most of the areas where poor education is an issue are also ones where there are poverty and home value problems as well. All education is local, the same way all housing problems are. If the troubles with poor eduction are to be addressed, it needs to be on that local level. There is no way to get better faculty and facilities at Lakawanna and Kentucky Christian without some outside help. And, there is no reason to believe that the help will be forthcoming.

The American colleges that cannot field at least relatively strong faculties cannot provide educations for their students that allow them much more than a chance to work in communities that are already crippled, if they can find jobs at all.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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