(Reuters) – An increase in delinquencies last year among a smaller pool of U.S. student loans not covered by a forbearance program put in place during the COVID-19 pandemic signals likely problems ahead for almost 37 million loans when that program ends, a New York Federal Reserve analysis showed on Tuesday. Borrowers covered under the forbearance program have not been required to make payments on their loans since March 2020, but the suspension of repayments is set to expire at the end of April. Over the period, an estimated $195 billion worth of payments have been waived, the New York Fed sa…