UT Law's forgivable loans called "a highly effective and sensible recruiting and retention tool"

http://www.texastribune.org/texas-education/higher-education/ut-law-forgivable-loan-program-deemed-not-appropri/

UT Law's Forgivable Loans to Faculty "Not Appropriate"

• by Reeve Hamilton
• November 13, 2012

Smith said Sager did not deliberately try to avoid oversight in the process. "Dean Sager had good reason to believe that the foundation had consulted with President Powers," he said, noting that the first year's payout of $100,000 appears on an internal university document included in Burgdorf's report.

Sager was not the only beneficiary of the forgivable loans. Under his tenure, the program had expanded, becoming the primary tool to sweeten compensation packages in order to lure top faculty to the law school. Sager had risen to the deanship during a time when the institution was losing a number of top faculty members. The report notes that the forgivable loan program, which preceded Sager, "is a highly effective and sensible recruiting and retention tool."