from Kamala Harris' pinned tweet at https://xcancel.com/KamalaHarris/status/1845993766441644386
this post was submitted on 15 Oct 2024
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What weird American terminology is a "forgivable" loan? Is that a grant with extra steps? Or a recognition that no loan scheme works and they'll eventually have to give up chasing repayment on half of them?
It's a closing cost on a 200k-$2M financing needed to actually start a buisness.
You know how people are gunshy about gov loans because the whole student debt can't be discharged in brankruptcy? Well now we're trying to sell START A BUISNESS to compete in a broken and senseless market and has a 90% chance of going bankrupt anyways. So the closing costs on the financing can be forgiven,
but not the other 90%