Folks, our universities are not broke! They are stealing us blind!!!------Final Report Issued on $5.4 Million Forgivable Loan Program for University of Texas Law Profs

Our children are drowning in debt and these crooks are scamming "forgivable loans" that violated EVERY university rule!
TaxProf Blog: Final Report Issued on $5.4 Million Forgivable Loan Program for University of Texas Law Profs:

"Supplemental compensation from a foundation to University of Texas law professors lacked transparency and violated accountability standards and university rules, whether intentionally or as the product of negligence, according to a much-delayed report by the state attorney general’s office.
The report said there is no question that forgivable loans, second mortgages and housing allowances from the UT Law School Foundation helped place the school in a competitive position when it comes to recruiting and retaining faculty members.
“The failure to provide the UT System and Regents the full picture of compensation is subject to one of many narratives depending upon the source,” the report said.
“Whether this failure was intentional or simply negligence, the Law School’s failure to follow University rules is also without question.”"