The Daily

The Complicated Future of Student Loans

Jul 7, 2023

Stacy Cowley, a finance correspondent for The New York Times, dives into the recent Supreme Court ruling that blocked Biden’s student loan forgiveness plan. She examines the impact on borrowers who are now facing repayments after a pause, sharing personal stories that highlight the emotional and financial challenges ahead. Cowley also discusses new income-driven repayment measures designed to ease burdens, revealing a complex landscape of hope and struggle for millions of borrowers as they return to repaying their debts.

24:09

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Episode guests

Stacy Cowley

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Episode notes

Intro

3min

The Aftermath of the Payment Pause

7min

Political Setbacks and Global Collaboration in Podcasting

3min

Navigating New Student Debt Relief Measures

8min

Navigating U.S.-China Relations and Breakthroughs in Alzheimer’s Treatment

4min

Last week, the Supreme Court struck down President Biden’s sweeping plan to cancel billions of dollars in student loan debt.

Stacy Cowley, a finance reporter for The New York Times, explains what the decision means for borrowers now facing their first payments since a coronavirus pandemic-related pause and how an alternative plan could still ease their burden.

Guest: Stacy Cowley, a finance correspondent for The New York Times.

Background reading:

The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history.
Millions will now have to repay debts that the Biden administration had promised to eliminate.

For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.

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