Colleges Offer Low-Interest Loans to Star Professors

Colleges Offer Low-Interest Loans to Star Professors | Marc Beja | The Chronicle of Higher Education | 08 September, 2009

The hunt for top professors is a high-stakes game. Like major-league baseball teams courting free agents, colleges engage in cutthroat competition to woo and retain highly sought talent. Tax forms show universities have given loans to faculty members to purchase homes, or in one case a $362,516 loan to buy a violin. Critics question whether the practice is a wise use of money

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