Elizabeth Warren Received Between $15,000 and $50,000 in Harvard Interest Free Loans

Elizabeth Warren Received Between $15,000 and $50,000 in Harvard Interest Free Loans

Elizabeth Warren Received Between $15,000 and $50,000 in Harvard Interest Free Loans

Fair Share? Wealthy one-percenter, and Democratic Senate candidate Elizabeth Warren, earned a $350,000 salary last year from her job as a Harvard Law professor, yet she received a sweetheart deal of between $15,000 and $50,000 in 20 year interest free loans from the university.

struggling students and families pay more, so multi-millionaire Warren can pay nothing

More Typical Democrat Corruption & Hypocrisy: Obama and the Democrats like to talk about people paying their “Fair Share”, but this does not apply to the Democrat Culture of Corruption, which lines the pockets of their friends and supporters with heaps of ill-gotten free money, while everyone else suffers to pay their fair share.

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.

Warren released a new ad this week urging Congress to block a bill that would double tuition interest rates for students. Warren’s campaign did not have an immediate response, but Marc Landy, a political science professor at Boston College, said perks like interest free loans are common when universities are trying to woo strong talent.

“There’s a very active market for great talent in academia,” said Landy. “I don’t respect Brown’s effort to paint Warren as a privileged character. Can we move on to the real issues?”

Brown’s campaign also pointed out that tuition has increased by at least $16,000 at the Ivy League university since 1996, when Warren’s loan was granted. She also earned a $350,000 salary from the University last year, according to her disclosure forms.

A Harvard University spokesman didn’t immediately respond to a request for comment.

Rates for Stafford college loans is set to expire June 30, when rates will double to 6.8 percent. Both President Obama and GOP presumptive nominee Mitt Romney back keeping the rates as they are now.

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