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Corcoran's bonus was already laid out in a compensation package approved last year.
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New College of Florida president Richard Corcoran, who spoke against public funding for DEI programs, and Ameshia Cross, of the Education Trust, kept the discussion cordial despite the polarizing topic.
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The American Association of University Professors has placed sanctions on New College of Florida for "unacceptable conditions" for faculty. School officials call the announcement a "headline grab."
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The Florida Board of Governors approved New College of Florida's accountability plan, which lowered performance expectations.
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The state university system’s Board of Governors on Thursday gave Corcoran, who was tapped as interim president earlier this year, the final go-ahead for the presidential post.
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Richard Corcoran is in line for a potential confirmation in November. Final steps in leadership changes at the University of Florida and the University of West Florida are also slated.
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The five-year compensation package puts him on par with the state's highest-paid college president, at the University of Florida. UF has over 55,000 students. Less than 700 attend New College.
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New College of Florida lost double the amount of students this year compared to the past two years. Interim Provost Brad Thiessen wrote in a report to faculty it was "by far" the lowest retention rate the Sarasota school has seen.
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The Republican former state House speaker and Florida education commissioner has served as interim president since March.
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Dean of Students David Rancourt said the New College Board of Trustees is expected to make a decision on the president during an Oct. 3 meeting.
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New College of Florida interim president Richard Corcoran defended his leadership and the conservative direction the school has taken during a Tampa Tiger Bay Club event on Friday. The former state lawmaker is one of three finalists to become the new president at the Sarasota school.
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Here's what students and faculty can expect as New College of Florida students and faculty begin their first new academic year following sweeping changes.