Create a government owned Student Loan Corporation (SLC). The SLC would then offer to refinance all student loans at 150% of the 10 year Federal funds rate over a 30 year period. The current policy has resulted in high interest burdens for college graduates, and dramatic rates of default. This situation has created a lot of anguish for a whole class of people and has retarded economic advancement. PLEASE GO TO THE "PRESS" SECTION OF THIS WEBSITE TO READ MY POSITION PAPERS ON STUDENT LOAN POLICY PROPOSAL.