SCAD - NASAD Certification and fast growth concerns

taxguy
Sat, 09 Oct 2010 20:47:37 +0000

Don’t feel so great; I was beginning to become a SCAD believer when I read a recent article in the Chronicle of Higher Education about them. It seems that Paula Walace, one of the founders of SCAD, gets a whopping 1.9 million a year in compensation. Even the Chronicle had problems with this high income for this size of school. One reason they don’t like this is that this drains resources away from scholarships, facilities etc.

More troubling is the fact that SCAD set up a for-profit corporation that drains money out of it in fees and consulting. Thus, although they are technically a non-profit, the Chronicle certainly implied that they operate similarly to a for-profit school.

Read up on the latest issue of the Chronicle of Higher Education about them. It wasn’t that beneficial to SCAD.