The bad talking point comparing student loan forgiveness to PPP loans

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The bad talking point comparing student loan forgiveness to PPP loans
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Supporters of student debt relief have pointed to Republicans having their own loans forgiven by the government. The comparison isn’t apples to apples.

Vice President Harris takes part in an event to promote student debt relief this week in Philadelphia. Few things are as core to our political debates these days as whataboutism and charges of hypocrisy. It’s much easier to accuse the other side of ceding the moral high ground than to defend your own policies and actions. And there’s a place for that kind of turnabout play — when the evidence is compelling.

While both situations are technically about loan forgiveness, the key word there is “technically.” There are significant differences.Congress and the Trump administration enacted the program in 2020 as lockdowns were taking hold across the country. The idea was to keep small businesses afloat and help them pay employees rather than lay them off.

You can take issue with the high and skyrocketing cost of tuition and the practices of lenders, but student loans are debt that the borrowers entered into on their own and with the terms available.

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