Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
The difference is that the PPP loans were designed to be partially or fully forgiven. They were given out to stop businesses from going under thanks to COVID lockdowns/border closures/etc. They were never meant to be paid back. They should never have used the term “loan” for them, as clearly doing so made a lot of people think that they were in any way equivalent to a student loan.
The difference is that the PPP loans were designed to be partially or fully forgiven. They were given out to stop businesses from going under thanks to COVID lockdowns/border closures/etc. They were never meant to be paid back. They should never have used the term “loan” for them, as clearly doing so made a lot of people think that they were in any way equivalent to a student loan.