HIGHER EDUCATION BUBBLE UPDATE, Administrative Pay Edition.

Mark Yudof, a witty constitutional lawyer who presided over a near doubling of tuition during his five years as president of the University of California, said Friday he will step down in August to teach law at UC Berkeley.

By completing five years, Yudof can add $230,000 a year on top of his pension, which he’ll collect only after he retires from UC. The bulk of his retirement pay will come from prior employers: the University of Texas, where he spent most of his career, and the University of Minnesota.

“I feel it is time to make a change in my professional lifestyle,” Yudof, 68, said. . . .

As guardian of the world’s greatest public research university, Yudof encouraged the regents to raise tuition, some years by double digits, as the state reduced its funding by about $900 million since his arrival in 2008.

It’s probably a good time to get out.