UT Law's Forgivable Loans to Faculty "Not Appropriate"
The process Larry Sager, the University of Texas School of Law's former dean, used to secure a $500,000 forgivable loan for himself was not transparent, created "an impression of self-dealing that cannot be condoned," and should be permanently suspended, according to a University of Texas System report released Tuesday.
The report, written by UT System Vice Chancellor and General Counsel Barry Burgdorf, examines the forgivable loan program the University of Texas Law School Foundation used to supplement some professor's salaries — including the money Sager received at his own suggestion.
The revelation of the loan played a key ...
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