Takeover Thursdays – “Sallie Mae Six”

I want to take this opportunity to say that the United States Senate is FULL OF SHIT!!!!!

If I recall during the State of The Union Democrats applauded when President Obama announced reforms in education loans and how no one should go broke paying back school loans. I know these assholes cheered, so if you all cheered why can’t you idiots pass the damn Student Aid and Fiscal Responsibility Act (SAFRA), without politics getting in the way?

Unlike Health Care Reform Republicans are not the ones standing in the way, it’s the Democrats! When I say Democrats I mean the morons in the Senate being led by Harry Reid. How is it the Dems in the House of Representatives can pass a SAFRA that is strong legislation worthy of the President’s signature, but the punk ass Dems in the Senate can’t even get out of their own way.

Before I get too far ahead of myself let me quickly explain SAFRA:

The Student Aid and Fiscal Responsibility Act aka SAFRA expands current student loan programs; Pell Grant and Perkins Loan. Pell Grants do not require repayment and are awarded based on financial need. Perkins Loans are fixed interest rate loans of 5% for the duration of the ten-year repayment period. strengthening these programs will decrease the amount of money potential college students would have to borrow from private lenders. This would help graduates as they will not have to worry about their entire paychecks going to paying back student loans. This would also provide more incentive for kids to go to college. When I left for college I left a lot of intelligent friends behind who were not as fortunate as I was. For them going to college was nothing but a distant dream.

How could any Dem in the Senate not support this legislation? I mean Dems are supposed to be for the people, and help out those who are less fortunate. Well it’s easy, Dems in the Senate are too busy worrying about lining there pockets with money from the Private Lender lobbyist. So who are the punk ass Dems that are selling us out?

Senators Thomas R. Carper of Delaware, Blanche Lincoln of Arkansas, Ben Nelson of Nebraska, Bill Nelson of Florida, Mark Warner of Virginia and Jim Webb of Virginia.

I like to call these kats “The Sallie Mae Six”, I am sure they have no idea how difficult it is to send a kid to college. They are living comfy on $100K + salaries. They seem to care less about the middle/low-class families that put them in office and care MORE about private lenders like Sallie Mae (hence the name) with big lobbyists dollars.

I would love to TAKEOVER the Senate; Senate Majority Leader Harry Reid needs to give his team a kick in the ass. Reid can’t seem to push any legislation thru the Senate. Currently the House of Representatives (led by Nancy Pelosi) have 290 bills awaiting vote in the Senate. Right now Nancy Pelosi is a Ride or Die chick that President Obama can count on while Harry Reid is more like “Red” from “Friday”! If I was Senate Majority Leader, I would first try to quietly convince these kats to vote with the rest of the Dems on this legislation. If that didn’t work I would call a press conference and call them out; I would let everyone know about their new nickname the “Sallie Mae Six”. I know these kats wouldn’t be happy with me, but you know what F**K IT!! If you going to be about BS, then I am going to call you on your BS. I guarantee those 6 Democrats constituents would not be to happy with them supporting Sallie Mae. Seriously everyone knows Sallie Mae, when you graduate the last thing you want to see is a letter from that chick Sallie Mae.


Basically Senator Reid needs to grow a set and make it happen, Reid needs to be honest with himself. He will more than likely not be re-elected to the Senate; in that case go for broke and just be gangsta with it! Throw caution in the wind and make something happen, go out like a man. Do this for the people, let’s make higher learning a possibility for the less fortunate. This country is losing the race on innovation and there is no reason that should ever happen.

For this country to be great again we have to start with education, and here is a clear-cut way to make education more affordable. When will we put aside the politics and get back to making this country work again?

UPDATE 4/23/2010:
Democrats were able to pass this Student Loans Reform by bundling it with the Health Care Reform legislation. Unfortunately the bill passed is not as strong as the original version:

From the New York Times:

Although private banks will no longer be allowed to make student loans with federal money, many will continue to earn income by servicing those loans.

The Congressional Budget Office said the direct-lending approach would save taxpayers about $61 billion over 10 years. Roughly $40 billion of the savings will be redirected to higher education. Education programs will get an additional $10 billion from the health care package.

The bill includes some landmark changes, like automatic increases, tied to inflation, in the maximum Pell grant award. But for individual students, the increase in the maximum Pell grant — to $5,900 in 2019-20 from $5,550 for the 2010-11 school year — is minuscule, compared with the steep, inexorable rise in tuition for public and private colleges alike.

Even though it is not as strong at least the bill will help ease the crunch of repaying these loans back:

The legislation will make it easier to pay back student loans, by reducing the share of income that a graduate must devote to loan payments and by accelerating loan forgiveness — but not right away. Those who take out new loans after July 1, 2014, will have to devote 10 percent of their income to payments, down from the current 15 percent, and those who keep up their payments will have their loans forgiven after 20 years, reduced from the current 25.

As always….
If there is something to be said, “Its On Broadway” to step up and say it!!!


  1. Pingback: uberVU - social comments
  2. Debt Relief · April 23, 2010

    Sorry for my bad english. Thank you so much for your good post. Your post helped me in my college assignment, If you can provide me more details please email me.


    • bbroadway · April 23, 2010

      I will see if I can come up with some more information for you. I just updated that blog with the latest version of the bill that was passed.


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