A Genius New Plan To Slash Student Debt Defaults

06/27/2014 10:05 am ET | Updated Jun 27, 2014
© 2011 Dorann Weber via Getty Images

This week, while analysts debated the seriousness of the student debt crisis, one statistic went unchallenged: Student loan defaults are at their highest rate in 20 years, affecting over 7 million borrowers.

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