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I know somewhere there is a thread on my next comment... but... on many campuses the ASB is paid. At some schools it is the whole executive body and at other schools only the President and VP...
Payment ranges from parking space, tution, monthly stipend... none or all of the above. I think at one school, the student body president is paid close to $20,000 a year.
If you are at certain schools (at least in the south) it can really bolt you into the state government (if that is what you are interested in). The outgoing ASB President at Ole Miss is spending the summer in DC working on the hill. I can not speak about any other state, being on the ASB at Ole Miss and MSU can help you on the fast track in MS politics, with such a large alumni support thru-out the state.
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