student loan forgivemess

[wdmso]

iti

Originally Posted by Jim in CT

Wrong.

The forgiven PPP "loans" were not set up as loans. The agreement, up front, was that the money would not have to be re-paid if the business used it to fund payroll and hired most employees back. That was the agreement. That's what both parties agreed to.

With your daughters student loan, which was always presented to her as a loan, the agreement was that she would benefit from the loan, and she would pay it back.

If she didn't want to have to pay it back, she had many options...different school, working first, joining the military, learning a trade, etc.. who ever said anyone getting this relife never wanted to pay it back

Nobody ever said that government spending had to benefit everyone equally. But we should try to avoid abject stupidity. So just because you think it is stupid its stupid . ok

You daughter agreed to take out a loan to fund the benefit of going to college. It's her responsibility to re-pay it, not the responsibility of someone who made a different choice.

my daughter didn't change a thing but keep thinking people getting this relief are not acting responsible . your suggesting is a lie

"this sums up the tears entitlement of student loan haters forgiveness supporters myopic view of the world"...

gimme gimme gimme.

WDMSO, how much of other peoples money are liberals entitled to, exactly? Is there any limit? I mean this, this is a sincere question, how much of my paycheck are you entitled to, and how much of my paycheck are my kids and I entitled to? need a tissue Jim

of course jim hiding being wording to justify his position shocking

Jim where is the mechanism for people who took out PPP loans that insured that money actually went to employees as required by law


Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used
for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either
the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all
loan proceeds for which the borrower is requesting forgiveness. Borrowers can apply for forgiveness
any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10
months after the last day of the covered period, then PPP loan payments are no longer deferred and
borrowers will begin making loan payments to their PPP lender.


Republicans love their Business socialism but help for the avg american is bad Socialism

[Jim in CT]

Originally Posted by wdmso

Paycheck Protection Program (PPP) borrowers may be eligible for loan forgiveness if the funds were used
for eligible payroll costs, payments on business mortgage interest payments, rent, or utilities during either
the 8- or 24-week period after disbursement. A borrower can apply for forgiveness once it has used all
loan proceeds for which the borrower is requesting forgiveness. Borrowers can apply for forgiveness
any time up to the maturity date of the loan. If borrowers do not apply for forgiveness within 10
months after the last day of the covered period, then PPP loan payments are no longer deferred and
borrowers will begin making loan payments to their PPP lender.

You're proving my point.

When businesses took PPP funds, they were not set up as loans. The business owner agreed to spend the money on payroll and agreed to hire the employees back. If they did that, the feds agreed to waive repayment. So both parties did what they agreed to do.

That's not even close to what's happening here. These borrowers signed a contract to repay the loan. That was the agreement. They're changing the terms after the fact.

Apples and oranges.

And I don't like business socialism, I didn't like the covid bailouts or PPP. But another big difference, is that business owners didn't choose to lose their business income. That was forced upon them (unnecessarily as it turns out) by state governments. Business owners did not choose to be shut down, it was forced on them.

Your daughter chose to take out a loan. No one forced her.

My wife got a masters degree in data analytics, we looked at student loans, decided to take put a home equity loan instead. Took 3 years to pay it off, made the last payment a few weeks ago. I guess we were suckers for doing what we said we'd do.