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Despite an impressive record of brawling with the truth, there's no question that Frank Guinta's biggest mystery is the $355,000 dollars he funneled to his campaign that he is either unable or unwilling to prove is his own money, though all it would take is a simple copy of a bank statement.
Many Republicans, including former Congressman Jeb Bradley and former NHGOP Chair Fergus Cullen, raised the alarm over this during the primary. Now the media are beginning to step in, with coverage from the Telegraph, the Union Leader, the Monitor, and NHPR.
Unrelatedly, at the debate last week, when Carol Shea-Porter asked him whether or not he had taken out student loans, he denied that he had. He lied about that.
Here's the thing. If Guinta had taken loans out from the NHHEAF Network, as he later admitted, then they were likely subsidized loans from the government. Students must "demonstrate financial need" in order to secure this most common kind of student loan. To be eligible, one must fill out the FAFSA form, which then determines your EFC:
The Expected Family Contribution (EFC) is the way a family's ability to pay for college is calculated. The formula for determining eligibility for federal aid programs is the same across all colleges. When you apply for financial aid, expect to answer questions about your family's income and savings. Most of this information is readily available from your tax returns, paycheck stubs, and bank and other financial account statements.
So, one of three things appears to have to be true. Frank Guinta either: a) earned somewhere between $250,000 and $500,000 after his time in higher education (while Alderman?, Mayor?, etc...), or b) bizarrely, took out an unsubsidized loan despite clearly not demonstrating financial need, or c) is not telling the truth, and consequently a huge sum of someone else's money found its way into his campaign illegally.
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