MAGA is happy to ridicule and mock students who are buried alive in compounding interest, calling them "commies" and "dead beats" and "bums" and all the rest, but not a word about the Merchant Class being handed billions in free paychecks to sustain their private businesses during lockdowns. Once again, it's "socialism for the rich, consequences for the poor."
How can the feds justify loan forgiveness for the Merchant Class but not for poor students?
"Asking for a friend." 🙄
Because one was a government loan and the other is a private sector bank loan.
Wrong again. I already posted here that the PPP "loans" were called loans to bypass the Republican Congress, but the program has loan forgiveness, including the interest built into it. Which contradicts the Republican/ Boomer narrative that loan forgiveness is "unconstitutional."
As for student loans, federal student loans are funded by the U.S. government. The federal government fully guarantees almost all student loans, with some held by agencies like Sallie Mae or a third-party loan servicing company. While some private companies may SERVICE federal loans (by collecting/ distributing payments), they don't directly own the loans. In other words, it's not their money. Some private banks do offer student loans, but that's obviously not what we're talking about here.
... now look at ALL the words I had to write in response to your one ignorant, uninformed sentence. You see how much work it takes to "clean up" ignorance like yours? This is why nothing gets done and we waste years going in circles.
...you're the entire reason things go in circles, Einstein.