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

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.


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