Birdwatch Note Rating
2025-01-19 23:59:56 UTC - HELPFUL
Rated by Participant: 8B175C87A357AF42CF2BCBD0C42F4D92340DCCDCDD9F5905AC6D54EC7423E461
Participant Details
Original Note:
Unlike student loans, loan forgiveness was a known feature of the Paycheck Protection Program (PPP) to support small businesses during COVID. https://www.pandemicoversight.gov/data-interactive-tools/data-stories/how-many-paycheck-protection-program-loans-have-been-forgiven Data shows 97% of PPP loans were used for payroll to support workers during COVID shutdowns. https://www.sba.gov/funding-programs/loans/covid-19-relief-options/paycheck-protection-program/ppp-loan-forgiveness See SEC. 1105 of the CARES Act: https://www.congress.gov/bill/116th-congress/senate-bill/3548/text#toc-id40c30dd4a08343e7b83eefd391b45c4e https://www.forbes.com/sites/adamminsky/2023/01/27/heres-who-has-been-approved-for-student-loan-forgiveness-under-bidens-plan/
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