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FWIW, while I completely understand the argument, PPP loans are different animal. For one, they were designed from get to to be a massive giveway, which meant t

FWIW, while I completely understand the argument, PPP loans are different animal. For one, they were designed from get to to be a massive giveway, which meant that they had 'forgiveness' clauses built in. Student loans explicitly do not. I am saying this as a 'loser' in this case. I am not suggesting I should be subsidized ( I will be fine, but I am not sure I am a common scenario ). I am saying that I am annoyed that we are throwing money at a lot, but when there is even a suggestion that not-well-to-do are helped, it is immediately thrown out. But you want to throw money at Ukraine? No problem. Money at farmers? No problem. Money at chips to reshore? No problem. Money at corps to relocate and fake build stuff? No problem. Remove some of the burden from students? Whoa whoa whoa.

jonnycomputer 3y ago
Yes. This is Congress's fault. My strong guess is that Biden was reluctant to try this route, and may have figured if it worked, great, if it didn't, people would blame the conservatives on the court. But I blame Congress. They could have included such relief in their legislation.
jstarfish 3y ago
> Remove some of the burden from students? Whoa whoa whoa. Yeah, this is a little disappointing...it's an investment in your own people. I can't really complain. The government is already very generous with grants and scholarships. Student loans gave me access to money I never would have seen otherwise, and with lenient repayment terms. Loan relief really would help all the people who shot their feet off going to for-profit colleges though; those debts should be relieved-- and the institutions dissolved.
meragrin_ 3y ago
> but when there is even a suggestion that not-well-to-do are helped, it is immediately thrown out. So the "not-well-to-do" people who would have lost their jobs due to government actions without the PPP loans aren't "not-well-to-do" people? Isn't that precisely one of the reasons why the PPP loans were done, to save the jobs of at least some "not-well-to-do" people? > Remove some of the burden from students? Whoa whoa whoa. You mean like putting loans on hold so interest is no longer accruing?

jonnycomputer 3y ago

Yes. This is Congress's fault. My strong guess is that Biden was reluctant to try this route, and may have figured if it worked, great, if it didn't, people would blame the conservatives on the court. But I blame Congress. They could have included such relief in their legislation.

jstarfish 3y ago

> Remove some of the burden from students? Whoa whoa whoa. Yeah, this is a little disappointing...it's an investment in your own people. I can't really complain. The government is already very generous with grants and scholarships. Student loans gave me access to money I never would have seen otherwise, and with lenient repayment terms. Loan relief really would help all the people who shot their feet off going to for-profit colleges though; those debts should be relieved-- and the institutions dissolved.

meragrin_ 3y ago

> but when there is even a suggestion that not-well-to-do are helped, it is immediately thrown out. So the "not-well-to-do" people who would have lost their jobs due to government actions without the PPP loans aren't "not-well-to-do" people? Isn't that precisely one of the reasons why the PPP loans were done, to save the jobs of at least some "not-well-to-do" people? > Remove some of the burden from students? Whoa whoa whoa. You mean like putting loans on hold so interest is no longer accruing?