Tampa, Florida - University of South Florida President Judy Genshaft has been awarded a $166,250 performance bonus.
The bonus or stipend, which is allowed under her contract, was approved this week by the USF Board of Trustees.
In addition to the performance stipend, Genshaft contract calls for an annual base salary of $470,000. She also gets an annual $100,000 retention stipend that she keeps if she serves 3 years or more. In addition an amount equal to 12% of her salary is set aside each year in an annuity for her retirement and Genshaft also gets a car and a house on campus.
All totaled Genshaft earns more than $685,000 a year as head of the university.
CLICK: USF President Judy Genshaft's contract
An editorial in the student newspaper recently noted the performance stipend Genshaft was getting could have covered the salaries of a couple of more instructors at USF or covered the budget shortfall that earlier this year threatened the hours at the main USF library.
STORY: USF Library hours reinstated after student protest
SEE ALSO: Librarian who stole thousands from USF let off lightly
"Way too overpaid," said USF junior Dwight Kemp when asked about the recently approved stipend.
"I'm a student that goes here, I'm taking out all types of grants, (there's) plenty of things that that money could of went to," Kemp added.
For comparison, in October USF faculty members were given pay raises ranging from $1,000 to $1,400 according to the school's media relations office. Plus, Genshaft is working on future performance based salary increases for the facility according to the school.
Yet in the world of higher education a higher pay for university heads is the norm. The Chronicle of Higher Education lists Genshaft as the 22nd highest paid leader of a public university and the third highest in the state behind those leading the University of Florida and the University of Central Florida.
"I think she deserves it, she's definitely a good President, she does a lot for the school and the university," said USF sophomore Tiffany Smith.
"She always puts students first," added USF junior Andrie McKay.
The money for the stipend comes from the USF Foundation not taxpayers. The majority of Genshaft's base salary also comes from the Foundation.
Genshaft's contract runs through 2016.
Check out some of our most read stories from 2013:
#shortyellows: Florida quietly shortened yellow lights
Terrorism Warning: Memo says terrorists practicing dry-runs on Florida flights
Kittens shot: Officer shoots kittens in front of children
Courtroom apology: Woman apologizes for flipping off judge
Weird ice: Strange, giant circles appear on frozen pond
Controversial Club: College student organizes "White Student Union"
CFO Trouble: School administrative chief in trouble over her porn sex blog
Warning Shot Wife: Mother gets 20 years for firing warning shots at abusive husband
Science Arrest: Teen girl arrested over science project explosion
Wait, WHAT?? Dog shoots man in the leg with a handgun
Popular photo galleries:
Faces of Meth: Devastating before and after photos of meth abusers
Travon Martin Shooting: Trayvon Martin crime scene photos and George Zimmerman injury photos
Hooters Winners: Winners of the 2013 Hooters swimsuit pageant
Rejected: Funny Florida license plates rejected by the DMV***warning graphic***
Deadly sinkhole: Home collapses, man dies in giant sinkhole
Florida Sex Offenders: Look up sex offenders in any Florida neighborhood here
Restaurant Inspections: Look up inspection reports for any Florida restaurant here