Real American Douche Bag: Senator Edward Kennedy
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This douche bag of the week (or I should say of the year as much as this idiot keeps f**king up) is Senator Edward M. Kennedy. Why you ask? Because Kennedy and Senator Miller are the two geniuses responsible for screwing up student loans for college students nation wide.
The bill they wrote and scammed passed Congress last year took affect starting Oct. 2007 and since then the student loan industry has been going down hill. Over 50 big lenders like Sallie Mae, NextStudent, Bank of America, Nelnet, etc. have cut back on their federal lending causing students headaches when trying to find federal student loans to pay for college. Most college kids are now getting a cold shoulder from their schools FAO when applying for federal loans, leaving students clueless and turning to private student loans which offer higher interest rates and no federal benefits.
Due to this UBER eff up on Kennedy and Miller’s part, the dynamic duo have now written up a new bill trying to look like heroes in a serious time of need. This new bill is just a simple cover up for the shitty bill they wrote last year that cut subsidies to FFELP lenders causing this lending mess.
Unfortunately, the new bill still does not fix all the issues in the student loan industry right now and will still make it tough for college kids to find federal student loans for school. So if you are having trouble finding money for college right now, thank Kennedy. Guess students will have to wrack up even more debt in private student loans.
Because of this I have made Senator Edward Kennedy DOUCHE BAG of the WEEK!
