Steven Angle will make more than $300,000 annually if he is named the next chancellor of the University of Tennessee at Chattanooga.
The University of Tennessee board's executive and compensation committee unanimously approved Angle's potential salary during a meeting Thursday morning. Should he be approved by the board of trustees, Angle will get $291,000 per year in base salary, plus $7,000 per year for job-related expenses and a $20,000-a-year housing allowance.
The University of Chattanooga Foundation owns a house that past chancellors lived in, but officials plan to sell that house. The additional payment to Angle acknowledges that hosting people is part of a chancellor's job.
Roger Brown, UTC's former chancellor, made $225,495 per year in base salary but didn't need a house.
Angle is a senior vice president and chemistry professor at Wright State in Dayton, Ohio.
If he comes to Chattanooga, he will get $20,000 in moving expenses.
The UT board of trustees will vote on Angle's appointment during a meeting at 1 p.m. today.
In other action, the board's finance and administration committee passed a motion approving "differential tuition" that will cost UTC students an extra $50 per credit hour for engineering, business and nursing classes.
The university needed to charge more for classes in those fields because, generally speaking, the professors teaching those classes require more money, interim Chancellor Dr. Grady Bogue said.
With the additional money, administrators from the College of Business plan to add about six new faculty members. The university also is expected to add four faculty members in the engineering college and seven full-time faculty members in the nursing school. The nursing school also will get a part-time worker, according to the plan.
Engineering and nursing students already pay an extra $25 per credit hour. Students in business classes haven't paid such a fee before.
The additional charges will roll out gradually. Next school year, those classes will cost an extra $25 per credit hour. In the 2013-14 school year, the classes will cost an extra $50 per credit hour.
Bogue said UTC needs the additional money to pay teachers. Otherwise, class quality will slip, and the school's reputation will follow.
"We're on the edge of [losing] accreditation," he said. "We're not in danger, but who wants to be in danger? I don't want to go there."