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The national student loan debt has reached a record high at $1.465 trillion, more than doubling its 2009 total of $675 billion at the end of the Great Recession.

The stratospheric amount of debt poses significant risk to the United States Department of Education, which acts as guarantor for over 90% of student loans. Should conditions like low unemployment result in widespread defaults, covering the brunt of that one trillion would be a significant blow to the Department of Education and, subsequently, its budget.

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