NYU is Handing Out Loans for Professors' Beach Houses? And Other Colleges Do That, Too?
High-cost, low-interest loans from NYU are the hottest commodities on the market these days. On a city level, they've been used (and eventually forgiven by the school) across Manhattan to pay for profiled professors' lofts or condos. On a national level, they've made their way into the Senate, with Senator Chuck Grassley grilling Treasury Secretary Jack Lew for accepting one when he was an NYU professor. And, on a world level, they're the subject of serious backlash in relation to the school's expansion here and abroad. Now, it looks like the loans have gone coastal.![]()
Viktor Koen


























