MSU prez rejects raise; trustees create scholarship
East Lansing — Michigan State University is creating a scholarship to honor its president after she turned down another raise.
The Lansing State Journal says it’s the eighth time in 10 years that Lou Anna Simon has rejected a pay raise. Instead, trustees will endow a scholarship in the names of Simon and her husband, Roy.
The scholarship will go to a student who, like Simon, is the first in the family to attend college.
Simon’s annual salary is $750,000. She received a $125,000 bonus in 2013 but donated it back to the university.