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
Think of them more as PPP “Grants” than loans. It helps with people who didnt meet the restrictions that they would have to pay them back, and not blind side them.
My state had whats called a “Cancelable student loan” for national guard soldiers. If you made a C or higher in the class, you didnt have to pay the loan back. But if they called it a grant, people would assume they would never have to be paid back even if you made an F
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