BOSTON — Presidents of eight private colleges in the U.S. were paid more than $2 million in 2014, the most ever to hit that mark, according to a new study.

They join a total of 39 chiefs who made more than $1 million that year, passing the previous high of 32 the year before, according to new annual rankings released Sunday by the Chronicle of Higher Education.

Overall, pay across the industry has continued to climb. For presidents of private colleges who worked in 2013 and 2014, average yearly pay rose by 8.6 percent, to $513,000.



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