The University of North Carolina at Chapel Hill faces charges of NCAA violations including the existence of sham classes and grade inflation for student-athletes. Gerry Broome/AP hide caption

itoggle caption Gerry Broome/AP

Rensselaer Polytechnic Institute President Shirley Ann Jackson holds 2005 commencement exercises in Troy, N.Y. Jackson is one of three dozen presidents of private colleges and universities who made more than $1 million in 2012. Tim Roske/AP hide caption

itoggle caption Tim Roske/AP