Penn president gets great deal on interest rate from her school

The former president of the University of Pennsylvania and current ambassador to Germany took a $3.7 million home loan from her employer, as recently revealed by the student newspaper.

Read more: https://www.thecollegefix.com/former-penn-president-has-3-7-million-home-loan-from-university/

“According to [Amy] Gutmann’s ethics disclosures, the loan was issued in October 2020 at the federal mid-term rate of 0.38% and has a term of nine years or the termination of Gutmann’s tenured professorship at Penn,” The Daily Pennsylvanian reported.