"When I first ran for office I ran in places like the Back Bay and Beacon Hill," Frank says. "Harvard was highly regarded there, and the fact that I had graduated from there helped a little bit."

While his Harvard roots are less important now, many of the personal connections he initially forged during his time at Harvard still come in handy for fundraising, he says.

"The people you meet [at Harvard] can help you with contacts later on," Frank said. "I've never quantified [how much alums donate]. Harvard graduates may have more money."

Frank says, however, that he does not give preference to Harvard graduates when selecting his staff.

"Some are alums, some aren't. "I have had a mix of people. I don't really consider [Harvard connections]," Frank says.

So while he is happy he went to Harvard, Frank maintains that the Harvard name has only had marginal benefits in his political life.

"I think in general, it has helped me in a very pragmatic way. [But] your resume is really only important when you first start," he sums up.