March 26, 2010

Hurrrrr derp derp derp

Giving the "keep your government hands off my Medicare!” idiots a run for their money, some mouthbreather is upset that the federal govt is ‘taking over the federal student loan program.’

The nutjob? Republican US Sen Lamar Alexander.

"The Democratic majority decided, well look, while we're at it, let's have another Washington takeover," said Alexander. "Let's take over the federal student loan program."

The switch to direct government loans will result in savings to boost Pell Grants and make it easier for some workers to repay their student loans. In addition, some borrowers could see lower interest rates and higher approval rates on student loans.