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Student loan debt complainants are called with PPP loan receipts

By on August 25, 2022 0

There are few things the Internet enjoys more than collecting and filing receipts. So it’s only natural that people started digging once complaints about student debt forgiveness started popping up on our Twitter feeds. At their disposal? A searchable database of Canceled PPP loans by the government.

In case you missed it, President Biden announcement On Wednesday (August 24) the government would forgive up to $20,000 in federal student loans for borrowers who met certain criteria. For example, someone earning less than $125,000 would qualify for $10,000 back and another $10,000 if you received a Pell Grant.

Some people online, often conservatives, were quick to speak out against the plan. The “this you” tweets started pouring in as soon as people started criticizing the plan. Republican members of Congress who took out Paycheck Protection Program (PPP) loans, for example, were immediate targets.

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Where was the editor of The Federalist, a right-wing publication that had a $200,000 loan canceled by the government, being reminded of this fact.

The same applies to Newsweek and an editor there.

And so on.

It should be noted, of course, that PPP loans and student loans are not exactly the same. PPP loans were given to people and businesses at the worst of the pandemic – although sometimes those who didn’t necessarily need the money got it. But there is a certain irony in the fact that people in some cases condemn the government’s loan cancellations, but are angry when others do the same.

Everything indicates that on the Internet everyone is always looking for receipts. As always, tweet at your own risk.

  Finance