Is Student Loan Forgiveness Coming to an End? What You Need to Know 🇺🇸

Across the country, millions of Americans with unpaid student loans are discovering that years of patience and forgiveness from the U.S. government have officially come to an end. Stacy Cowley, a business reporter for The Times, explains what is behind the change of heart, sets out its financial consequences for borrowers — and discusses the larger reckoning that it may cause about how Americans pay for higher education. Guest: Stacy Cowley (https://www.nytimes.com/by/stacy-cowley) , a business reporter at The New York Times, with a focus on consumer finance. Background reading:  • Millions of student loan borrowers are behind on payments (https://www.nytimes.com/2025/04/21/business/student-loan-borrowers-payments.html) . For more information on today’s episode, visit nytimes.com/thedaily (http://nytimes.com/thedaily?smid=pc-thedaily) . Transcripts of each episode will be made available by the next workday.  Photo: Seth Wenig/Associated Press Subscribe today at nytimes.com/podcasts (http://nytimes.com/podcasts) or on Apple Podcasts and Spotify. You can also subscribe via your favorite podcast app here https://www.nytimes.com/activate-access/audio?source=podcatcher. For more podcasts and narrated articles, download The New York Times app at nytimes.com/app.