Colleges are worried about how to cover the costs of overtime pay that dozens of coaches, counselors, and other employees may soon become entitled to under a new federal rule designed to ensure they're paid equitably. The new law, a change to the Fair Labor Standards Act that takes effect in December, makes more full-time salaried employees eligible for overtime pay. Those employees who earn up to $47,000 per year will be eligible for extra pay for work over 40 hours a week; now only those who earn up to $23,000 per year are.