I am not commenting on whether or not they should have been. I am not interested in tying them back to discussion of any other loans or loan forgiveness.
Why call them loans if they are not?
In: Economics
Because you did have to pay them back if you didn’t meet the simple requirements that were set out. And a grant or a handout is impossible to claw back if they don’t meet those requirements. Meanwhile a loan is designed to be paid back so it’s easy to get that money back if they don’t meet the requirements. Short answer, canceling a loan that meets the requirements for forgiveness is much easier than trying to get a handout back that didn’t meet the requirements.
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