In the midst of Northwestern's 222-page Form 990 tax report released Wednesday chronicling the school's expenses for 2013, there was a list of employees who received loans from the University as part of a "compensation package." Head football coach Pat Fitzgerald and Athletic Director Jim Phillips were among those benefitting from the loans.
Fitzgerald received a $2.5 million loan and Phillips got two loans totaling $1.13 million.
Why is Northwestern paying Fitzgerald and Phillips the loans? Why not add that money to their salaries of $2.48 million for Fitzgerald and $930,885 for Phillips?
When asked, the University declined to comment on the subject, and as a private institution, it is not required to release specific details of any contracts.