To give you an example of how this works: If the payment due date is the 20th and the closing date is the 30th, a payment made on the 19th is on time, but one made on the 21st is late -- despite payments of either date appearing on the statement of the 30th.
The average age of the community college presidents surveyed was 58; 73 percent were male, and the average length of their service to their institution was six years. Their base salaries ranged from $88,250 to $321,823, with an average salary of about $165,000.
Former Ohio State University President E. Gordon Gee earned an $851,303 base salary in 2013. That was the highest salary of any public university president in the nation, according to the Chronicle. Bill Powers, the outgoing president of the University of Texas at Austin, made $731,638 in 2013, the Chronicle reported. Powers made a base salary of $624,350 and receives an annual $50,000 in deferred compensation.