Birdwatch Note Rating
2023-06-30 18:49:48 UTC - HELPFUL
Rated by Participant: 7B458FB120CD6FB53AD21BB2A86D805C48E3AD3784F80CFAF20C71E359DAD586
Participant Details
Original Note:
When originally implemented, PPP loans were designed to be forgiven if businesses continued to pay their workers. This was passed by Congress. https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program On the other hand, student loans were not structured to be forgiven and their cancellation has not been approved by Congress. https://en.wikipedia.org/wiki/Student_loans_in_the_United_States
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