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Warren Received Interest-Free Loan from Harvard

2:17 PM, Apr 25, 2012 • By MICHAEL WARREN
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Elizabeth Warren, the Democratic candidate for Senate in Massachusetts running against incumbent Republican Scott Brown, received a 20-year interest-free loan from her employer, Harvard University, in 1996, the Boston Herald reports:

U.S. Sen. Scott Brown’s campaign is blasting Democratic Senate candidate Elizabeth Warren’s financial history as she campaigns in support of low-interest student loans, saying the Harvard Law professor’s interest-free loan from Harvard means she is too out of touch with students’ everyday struggles.

Warren disclosed the 20-year interest free loan from Harvard, which lent her between $15,000 and $50,000 in 1996, in financial disclosure forms filed with the Senate last September.

“Let me get this straight: struggling students and families pay more, so multi-millionaire Warren can pay nothing? This sweetheart deal adds insult to injury for the students whose high tuition costs have already made Warren a wealthy one-percenter, and reveals yet again Professor Warren’s hypocritical idea of fairness,” wrote Brown’s campaign manager Jim Barnett.

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