Contact Us
Make My Homepage

Schiano Repays $300K Rutgers Loan

Former Rutgers football coach Greg Schiano has paid off the remainder of a no-interest home loan with the school.

Greg Schiano press conference
Greg Schiano talks to press in Tampa Bay as the Buccaneers introduce him as head coach. (Tampa Bay Buccaneers)

Schiano, who now coaches the Tampa Bay Buccaneers in the NFL, sent a $300,000 check.The Star-Ledger reports Rutgers loaned Schiano $800,000 in 2007 to help build a home across from the football stadium in Piscataway. The school forgave $100,000 of the no-interest loan each year that he remained coach.

Schiano owed Rutgers $300,000 when he left for the NFL last January.

His custom-designed five-bedroom Colonial has been on the market for more than nine months. The price has been slashed from $2.3 million to $1.95 million. The property taxes are $24,000.

 

(Copyright 2012 The Associated Press. All Rights Reserved)

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.