I am not sure if you are MSN prepared or Doctoral prepared, but from my perspective I feel you need to do a little more research before making this comment. IT IS NOT A DEAL! MSN prepared (Nurse Practitioners make between 85,000 to 110,000 per year depending on their speciality). Why in the world would someone give up that salary to enter into the education arena????? This is why there is a faculty shortage crisis in this country! We have to live and pay our bills and we can't do it on the ridiculous salaries I am seeing on this post. No matter how much we love to teach and how rewarding it is to see a student mature into a professional, I can't believe you would think it is a "deal". Until we stop just accepting that "this is the way it is" and demand to be paid our worth it will continue. We need to be rewarded for obtaining our MSN, Ph.D and our experience. We are valuable!!! I will tell you that some of the colleges here in las vegas have heard our voices and have actually answered the call. UNLV pays MSN faculty (12 month contract) 90,000 per year. Ph.D faculty 105,000 to 120,000 per year (12 month contract). Several 2 year colleges are paying MSN and Ph.D educators 80,000 to 85,000 per year for a 12 month contract. We are working toward luring some of the MSN and Ph.D prepared nurses back into education by actually paying them what they are making in the clinical setting. Please, do not accept your current salaries! IT IS NOT A GREAT DEAL!!! 40,000 is a joke and an insult to our profession.